The U.S. Global Jets ETF (JETS) experienced a significant outflow of approximately $113.9 million, representing a 12.4% decrease in shares outstanding week over week, dropping from 35,350,000 to 30,950,000. This change comes amid fluctuations in the aviation sector, with key airline stocks like Delta Air Lines (DAL) rising by 2.2%, American Airlines Group (AAL) by 4.2%, and United Airlines (UAL) by 1.5%.
Currently, JETS is trading at $26.12, positioned between its 52-week low of $18.91 and high of $31.33. The ETF’s performance is noteworthy in the context of its 200-day moving average, a key indicator for technical analysis.
