Airline ETF Hits Fresh 52-Week High on Lower Oil Prices

The U.S. Global Jets ETF (JETS) soared to a fresh 52-week high on Monday, December 7, as oil prices tumbled to new 2015 lows, according to Investor’s Business Daily (IBD). Brent crude fell to its lowest level in about seven years as energy stocks led the S&P 500 Index down.

For the day, JETS rose 1.9 percent to reach a new high for the airline ETF, according to IBD.

READ THE ARTICLE FROM INVETSORS BUSINESS DAILY

Article summary written by U.S. Global Investors.

Please click here for standardized performance.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice. By clicking the link(s), you will be directed to a third-party website(s). U.S. Global ETFs does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.

The Dow Jones Industrial Average is a price-weighted average of 30 blue chip stocks that are generally leaders in their industry. The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. It is not possible to invest directly in an index.

The IBD 50 is an index of 50 growth stocks as determined by the Investors’ Business Daily. Stocks in the index are chosen based on their fundamentals and price growth compared to that of the broader market.

References to other securities should not be considered offerings of those products.