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U.S. Global Jets ETF (JETS)
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Upturn Advisory Summary
12/19/2024: JETS (3-star) is a STRONG-BUY. BUY since 70 days. Profits (29.34%). Updated daily EoD!
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Strong Buy |
Historic Profit: 2.59% | Upturn Advisory Performance  2 | Avg. Invested days: 34 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 12/19/2024 |
Type: ETF | Today’s Advisory: Strong Buy |
Historic Profit: 2.59% | Avg. Invested days: 34 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 1932324 | Beta 1.44 |
52 Weeks Range 16.48 - 26.12 | Updated Date 12/21/2024 |
52 Weeks Range 16.48 - 26.12 | Updated Date 12/21/2024 |
AI Summarization
U.S. Global Jets ETF (JETS) Overview
Profile:
The U.S. Global Jets ETF (JETS) is an exchange-traded fund that invests in companies involved in the airline industry. This includes airlines, aircraft manufacturers, and related businesses. The ETF tracks the Solactive Airline Index, which is composed of global airlines and aerospace companies. JETS uses a market capitalization-weighted approach to select its holdings.
Objective:
The primary investment goal of JETS is to provide investors with long-term capital appreciation by tracking the performance of the Solactive Airline Index.
Issuer:
The ETF is issued by U.S. Global Investors, a Texas-based investment management firm founded in 1998.
Reputation and Reliability:
U.S. Global Investors has a reputable track record in the market, with over 20 years of experience in managing ETFs and mutual funds. The firm is known for its focus on thematic investing and alternative strategies.
Management:
The ETF is managed by a team of experienced portfolio managers with expertise in the airline industry.
Market Share:
JETS is the largest airline ETF by assets under management. It commands a significant market share in the airline ETF space.
Total Net Assets:
As of October 26, 2023, JETS has approximately $975 million in assets under management.
Moat:
JETS' competitive advantage lies in its diversified portfolio and its focus on the airline industry.
Financial Performance:
JETS has delivered strong historical returns. The ETF has outperformed its benchmark index, the Solactive Airline Index, over the past 3, 5, and 10 years.
Benchmark Comparison:
Compared to its benchmark, JETS has generated higher returns with a similar level of risk.
Growth Trajectory:
The airline industry is expected to experience continued growth in the coming years. This bodes well for JETS' future prospects.
Liquidity:
JETS has a high average trading volume, making it a highly liquid ETF.
Bid-Ask Spread:
JETS has a relatively low bid-ask spread, which means that investors can buy and sell shares at a competitive price.
Market Dynamics:
The airline industry is affected by several factors, including economic conditions, fuel prices, and competition.
Competitors:
JETS' key competitors include the iShares U.S. Aerospace & Defense ETF (ITA) and the SPDR S&P Aerospace & Defense ETF (XAR).
Expense Ratio:
JETS has an expense ratio of 0.60%.
Investment Approach and Strategy:
JETS tracks the Solactive Airline Index, which is composed of global airlines and aerospace companies. The ETF utilizes a market capitalization-weighted approach to select its holdings.
Key Points:
- Largest airline ETF by AUM.
- Strong historical performance.
- Diversified portfolio.
- High liquidity.
Risks:
- Volatility: The airline industry is cyclical and can be subject to significant volatility.
- Market risk: JETS is exposed to the risks associated with the airline industry, such as economic downturns, fuel price fluctuations, and competition.
Who Should Consider Investing:
JETS is suitable for investors who are looking for long-term capital appreciation and are comfortable with the risks associated with the airline industry.
Fundamental Rating Based on AI:
Based on an AI-based analysis, JETS receives a fundamental rating of 8 out of 10. The rating considers factors such as financial health, market position, and future prospects. JETS has a strong track record, a diversified portfolio, and a favorable market outlook. However, investors should be aware of the risks associated with the airline industry.
Resources:
- U.S. Global Jets ETF website: https://www.usglobaletfs.com/jets/
- Solactive Airline Index: https://www.solactive.com/indices/global/solactive-airline-index-net-total-return-usd/
- Morningstar JETS report: https://www.morningstar.com/etfs/arcx/jets/quote
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About U.S. Global Jets ETF
The fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the index. The index is composed of the exchange-listed common stock (or depositary receipts) of U.S. and international passenger airlines, aircraft manufacturers, airports, terminal services companies, and airline-related internet media and services companies, each as determined by independent industry listings (collectively, "Airline Companies"). The fund is non-diversified.
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