Almost a third of U.S. refining output was impacted earlier this year by Hurricane Harvey. After so much extreme rainfall and flooding, several states’ fuel prices remained raised into the holiday season. Despite this, air travel has seen record numbers. An estimated 16.1 million passengers flew over the Labor Day holiday from August 30 to September 5.
To learn more about JETS’ composition and investment strategy, read the full article here.
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The gross expense ratio for the U.S. Global Jets ETF is 0.60%.
A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).
The Zacks Mutual Fund Rank ranks funds on a scale from 1 to 5, with 1 being a Strong Buy and 5 being a Strong Sell. Each quarter, Zacks updates their Mutual Fund Rank by evaluating the average Zacks Rank for the stocks owned by the fund and blending this with other criteria their studies show is beneficial in finding funds that will outperform in the future. In general, the higher the average Zacks Rank for the stocks in the fund, then the higher the Zacks Mutual Fund Rank.