JETS, DAL, AAL, UAL: Large Outflows Detected at ETF

The U.S. Global Jets ETF (JETS) saw an approximate $113.9 million outflow week over week, a 12.4% decline in shares outstanding. The move signals weaker investor demand and a negative flow trend for the airline/travel exposure held in the ETF. This is primarily a positioning update rather than a fundamental event.

Analysis

The U.S. Global Jets ETF (JETS) saw an approximate $113.9 million outflow week over week, a 12.4% decline in shares outstanding. The move signals weaker investor demand and a negative flow trend for the airline/travel exposure held in the ETF. This is primarily a positioning update rather than a fundamental event.