Airline ETF Takes Flight as Capacity Concerns Abate
This article was originally published on ETFTrends.com.
With airline stocks taking off, a sector-related exchange traded fund is now trading back above its long-term trend line. The U.S. Global Jets ETF (NYSEArca: JETS), the only available pure-play fund that focuses on the global aviation industry, is trading back above its long-term trend line at the 200-day simple moving average after rising 12.0% since [...]