JETS Stock Summary and Trading Ideas (U.S. Global Jets ETF | ARCA:JETS)

The U.S. Global Jets ETF (JETS) provides investors access to the global airline industry, including airline operators and manufacturers from all over the world. The Index tracks the performance of Airline Companies across the globe with an emphasis on domestic passenger airlines.

U.S. Global Jets ETF trades on the ARCA stock market under the symbol JETS.

As of May 2, 2024, JETS stock price climbed to $20.46 with 1,718,067 million shares trading.

JETS has a beta of 1.15, meaning it tends to be more sensitive to market movements. JETS has a correlation of 0.34 to the broad based SPY ETF.

JETS has a market cap of $1.28 billion. This is considered a Small Cap stock.

In the last 3 years, JETS stock traded as high as $27.44 and as low as $14.69.

JETS stock has underperformed the market in the last year with a return of +12.9%, while SPY returned +23.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in JETS shares. However, JETS has outperformed the market in the last 3 month and 2 week periods, returning +7.4% and +1.6%, while SPY returned +3.6% and +0.9%, respectively. This indicates JETS has been having a stronger performance recently.

JETS support price is $19.73 and resistance is $20.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JETS stock will trade within this expected range on the day.