US Global Jets ETF (JETS)

[JohnCM]

One thing the Chargers have going for them, is the amazing SoFi park.

[mauiguy2]

Yeah, crazy isn't it? I don't expect Spanos to hang on much longer with the Chargers. He'll sell the team. No billionaire likes playing 2nd fiddle to another billionaire. Unless the Chargers can become a Super Bowl winner and a consistent winner, LA will always be Rams territory.

By the way, I grew up in LA. So, I'm very familiar with both LA and San Diego and their sports teams.

[JohnCM]

NRGU is not for the faint of heart. Best to nibble away on weakness. BUT, NRGU will be a long term winner.

[JohnCM]

I have tickets to the KC game.

[JohnCM]

The city of San Diego and Spanos negotiated for over 15 years!!!!!!!!!

[mauiguy2]

John, I've been following some of your picks recently. You've come up with some good ones......including JETS and NRGU. What I like about both these two ETF's is that each of them has an All-Star lineup in its portfolio holdings.

Actually, I purchased some JETS and NRGU this past week. Like them both. Of course, whenever you're dealing with a 3x ETF such as NRGU, you gotta be careful. JETS seems safer and will almost certainly be a long term winner.

You and rmepilot were talking about football the other day.....including the Chargers and Justin Herbert. I've got a big problem with that discussion. Why? The Chargers should be in San Diego!! Even though my name here on I-Hub is Mauiguy, my home is in San Diego. Years later, nearly the entire city of San Diego remains very unhappy with the move to LA. We miss the Chargers!

[rmepilot]

I wished I could attack that right now, but I've put all available cash into NRGU. Crude is at $29 and slowly climbing, but the oil companies need to catch up. I think you're spot on, with the third week of June.

[JohnCM]

TRIPLE BOTTOM!

[JohnCM]

Shooting fish in a barrel.

[rmepilot]

6 mo is not an issue and I'll continue to add a little at a time. After NRGU hits, other options will be a lot easier to fund. I'm running 3 right now and will get back into MITI in a few weeks. I like the idea of 5 max. I have 10 in my 401k, but that's managed differently. Same with my 3 Roth funds.

[JohnCM]

Love Jets right here. Assuming you can wait 6 months.

I only have 5 positions, and like it that way.

I was GREEN today.

[rmepilot]

I think that had the Ducks not given the game away to Auburn, Herbert would have taken them to the Championship. With that said, it was Burrows and LSU's year and they couldn't be beat. I rank Herbert as the number 2 QB that entered the draft.


Long on JETS or bail at 3x?

[JohnCM]

Thank you! What do you think about the pick? There are those who think that there is a great core of players who will not be resigned in year 3, so we need to make the push now with a QB who could take us all the way.

ONE THING WE KNOW!

The f*****g Pats will no longer be our nemesis.

[rmepilot]

Herbert does it all. He's got a great arm and can run fast. He definitely can read a defense and adjust as needed, but as with all rookies, the NFL can be a challenge.

Try to find a replay of the most recent Rose Bowl game and that's what to expect.

[JohnCM]

The Ducks have had a reputation as a high powered offence, just like the CHARGERS!!

I am super stoked about attending 1st home game, IF it happens. The ticket venue is pretty cool with 3D views from your seat.

I have not watched the QB. Which game should I look for?

[rmepilot]

Nice. He's one hell of a QB. As an Oregon fan, I watched him play over the past few years.

[JohnCM]

I had my oil play NRGU 3X, which I like. But I wanted more action so I sold for UPWK and a bit more DKNG.

Last night I bought tickets to the first home game.

[rmepilot]

True, but oil will takeoff before airplanes.

It looks like I have to become a Charger fan this year...

#JustinHerbert
#DUXFAN

[JohnCM]

Both with be triples.

[rmepilot]

Couldn't decide and bought both...

[rmepilot]

Watching it and deciding between more NRGU or JETS

[JohnCM]

TRIPLE BOTTOM!!

[JohnCM]

DKNG after hours $26.45

Nice discount to today's high of $28.00

NRGU was $36.00 before CRUDE cratered

CRUDE 50 NRGU 35
CRUDE 25 NRGU 4

Hold for CRUDE 35? Third week in June?
NRGU 16.50

[rmepilot]

I added more NRGU today and will add more DKNG tomorrow.

Your foresight is impressive.

[JohnCM]

[rmepilot]

LOL.

Message received and I'm still doing that. :)

[JohnCM]

Know neither one.
In only one ETF,
NRGU.

[rmepilot]

I need to flip a few things first. GNUS or ZOM?

[JohnCM]

Triple bottom. Great longer term play. 6 to 12 mos.

[rmepilot]

Moving north or much further south?

[JohnCM]

Triple Bottom

[JohnCM]

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[fitzwell11]

Congrats to anyone short here. Monday should be uglyyyyyy

$JETS

[JohnCM]

‘This will lead to airline bankruptcies’ — flight attendant union furious with Treasury bailout offers

APR 11 2020
Phil LeBeau
CNBC

“This will lead to airline bankruptcies,” said Sara Nelson, president of the Association of Flight Attendants union. “The Treasury Department is destabilizing the industry, not helping save it.”

Nelson’s anger is fueled by the Treasury Department deciding to make 30% of each cash grant offer a low interest loan payable to the federal government.

Less than 24 hours after the Treasury Department formally extended cash grant offers to the six largest airlines in the U.S., the union representing 120,000 flight attendants is blasting the move with a dire warning.

“This will lead to airline bankruptcies,” said Sara Nelson, president of the Association of Flight Attendants union. “The Treasury Department is destabilizing the industry, not helping save it.”

Nelson’s anger is fueled by the Treasury Department deciding to make 30% of each cash grant offer a low interest loan payable to the federal government.

That move, which caught many airline executives by surprise, means the $25 billion approved by Congress for immediate cash grants will actually be $17.5 billion. The other $7.5 billion will now be loans airlines will be required to re-pay.

“This is not what Congress approved,” said one industry executive who asked not to be identified given the ongoing discussions between airlines and the Treasury Department. “The aid was supposed to be $25 billion in cash grants and $25 billion in loans.”

While Congress may have intended for $25 billion in immediate cash assistance to be money airlines would not have to re-pay, the CARES Act gave Treasury Secretary Steven Mnuchin the latitude to set terms and conditions for the cash grants.

“It is our objective to make sure, as I have said, that this is not a bailout, but to make sure that airlines have the liquidity to keep their workers in place,” Mnuchin told CNBC on Thursday as the Treasury Department was finalizing the grant offers.

When the offers came on Friday, they included the stipulation airlines accepting grants not lay off employees before September 30th, a requirement all carriers have already committed to meeting. Still, executives at multiple airlines told CNBC they were surprised by the loan component in the grants. They say it means Treasury will award just over half of the money they requested to cover their payrolls for the next six months.

When airlines submitted their grant applications, they included Form 41 documents which are filed regularly with the Department of Transportation detailing payroll obligations. For the industry, the total payroll obligations April 1st through September 30th is approximately $31 Billion. If Treasury awarded $25 Billion in immediate cash, it would cover 80% of airline payroll needs. The Treasury Department’s current plan to award $17.5 Billion in cash grants covers 56% of the $31 billion the airlines requested.

Nelson says reducing the immediate cash amount airlines will not have to repay amounts to Treasury taking money Congress earmarked to immediately pay airline workers and turning it into a loan airlines may opt not to take. Nelson and her team spent Friday trying to reach members of the a Treasury Department to discuss Secretary Mnuchin’s plan for awarding grants. “We have called, we have sent e-mails, but there has been no conversation with Treasury,” she said.

The leadership teams of airlines have spent much of the weekend discussing whether or not to take the grants. “It’s starting to not be worth it,” a senior airline executive told CNBC when asked if they would accept the cash grant. “I could see airlines just laying people off because it’s cheaper.”

Critics of the $50 billion airline bailout say U.S. carriers should not receive cash grants from the federal government and should instead restructure in bankruptcy or borrow billions more in order to have the liquidity needed to withstand the the rapid drop in business.

[JohnCM]

Flows Into Airlines ETF Take Off

April 07, 2020
ETF.com
Lara Crigger

It's a tough time to be in the airline biz.

Around the world, airports are deserted due to lower user demand as well as travel restrictions imposed worldwide to combat the spread of COVID-19. American Airlines (AAL), United (UAL), Delta Airlines (DAL), JetBlue (JBLU) and others have all announced drastic service cuts; for example, American has reduced its daily flights from New York City by 95%.

Unsurprisingly, the US Global Jets ETF (JETS), the only ETF to track the airline industry, has plunged. Over the past month, JETS has fallen 47%. Year to date, the fund has plummeted an eye-popping 61% versus about a 30% drop against its segment benchmark, the Thomson Reuters Global Transportation Index Total Return:

Record Inflows, Volume Into JETS

That kind of price performance isn't usually a recipe for record volume and inflows, but that's exactly what we've seen. Since March 1, investors have poured $342 million into JETS, far more than its historical norm over the past year:

Bloomberg; data as of April 7, 2020

Volume too has picked up, with current daily average volume now roughly four to five times higher than it had been before March 1.

In fact, on March 25, JETS surpassed 5 million shares traded for the first time. One year prior, the fund saw daily volume of just 11,700 shares.

Investors Positioning For Rebound

Clearly, the record activity surrounding JETS is an instance of investors trying to position themselves for a rebound in airline stocks, whenever that may occur.

Airlines have been one of the hardest hit sectors in the recent economic pullback, but many experts argue that, once the worst of the danger from the pandemic passes, it'll also be one of the first to experience a rebound. After all, modern society is connected by air travel; in 2018 (the most recent year for which data was available), 4.3 billion people had traveled by airplane at least once.

Further bolstering the industry's recovery chances: the $58 billion lifeline via the federal government's $2.2 trillion stimulus package.

Travel ETFs: JETS Vs. AWAY

Although JETS remains the only pure-play airlines ETF, there are a handful of other general transportation ETFs, including the iShares Transportation Average ETF (IYT) and the SPDR S&P Transportation ETF (XTN). These funds include freight companies and railroads as well as airlines.

In the general theme of travel and transportation, there's also now the ETFMG Travel Tech ETF (AWAY), which tracks global travel technology companies.

JETS and AWAY offer a great illustration of how two ETFs can track the same theme, yet come at it from completely different angles.

Both are growth plays for the travel industry, but AWAY and JETS have no portfolio overlap—and we mean that literally. There isn't a single stock or sector that appears in both ETFs as you can see using our comparison tool:

More separates the two than just holdings, however. JETS has lower long-term holding costs, with an expense ratio of 0.60% compared with AWAY’s 0.75%. It's also cheaper to trade, with a spread of 0.25% compared with AWAY's 0.73%.

However, AWAY has held up much better over the past 30 days, falling 36% compared with JETS' 47% drop.

[JohnCM]

This one has a ways to run.

[JohnCM]

I am not invested in TQQQ.

[TREND1]

No see TQQQ

[JohnCM]

2,760,000 shares traded. Not good enough for ya?

[TREND1]

No vol

[JohnCM]

How are we doing here folks??

[TREND1]

JETS DAILY

[deniseann]

+1.30 since the first of the month

[deniseann]

Jets popped 80 cents after opening today, about 1>30 since the beginning of the month...

[deniseann]

Wasn't sure what this etf would really do..?There's quite a few stocks that they're into... The potential is there, but it's still pretty slow moving...

I bought into this some time back for about $24 and eventually sold for about the same price, to move the money into something I thought would be more active...

[deniseann]

Very slow moving etf

[deniseann]

Nice early morning gap...

My intention is long term here... But in today's world, who knows... By all rights, this should work...

[deniseann]

Official web page...

http://www.usglobaletfs.com/jets_fund.html

[deniseann]

JETS Holdings

Ticker Quantity Market Value (Base) % Total Net Assets
US Global Airline ETF as of 07/02/2015
Entity Long Name
US Global Airline ETF
SOUTHWEST AIRLS CO LUV 144020 4682090.2 11.78272262
DELTA AIR LINES INC DEL DAL 116602 4664080 11.73739902
UNITED CONTL HLDGS INC UAL 90412 4656218 11.71761388
AMERICAN AIRLS GROUP INC AAL 117596 4589771.88 11.55039878
ALASKA AIR GROUP INC ALK 25306 1645143.06 4.140087763
ALLEGIANT TRAVEL CO ALGT 9166 1623756.9 4.086268383
JETBLUE AIRWAYS CORP JBLU 78230 1613884.9 4.061424983
SPIRIT AIRLS INC SAVE 26078 1589714.88 4.000599875
HAWAIIAN HOLDINGS INC HA 67970 1576224.3 3.966650132
GENERAL DYNAMICS CORP GD 8616 1233380.4 3.103865691
BOEING CO BA 8717 1222210.57 3.075756235
TEXTRON INC TXT 27191 1209727.59 3.044342169
VIRGIN AMER INC VA 44114 1204312.2 3.030714059
JAPAN AIRLINES CO 9201 JP 12100 426295.26 1.072794113
GRUPO AEROPORTUARIO CTR NORTE SPON ADR OMAB 10606 425406.66 1.070557905
SATS LTD SATS SP 156600 419163.64 1.054847021
RYANAIR HLDGS PLC RYAAY 5708 415257 1.045015759
AIR NEW ZEALAND AIR NZ 235947 411179.19 1.034753739
CELEBI HAVA SERVIS CLEBI TI 32904 410541.72 1.033149513
WESTJET AIRLINES LTD WJA CN 19087 409653.64 1.030914614
WIZZ AIR HLDGS PLC WIZZ LN 16617 408954.85 1.029156072
EASYJET EZJ LN 16471 408446.25 1.027876154
DEUTSCHE LUFTHANSA LHA GR 31285 405492.34 1.020442486
CHORUS AVIATION INC - B CHR/B CN 75841 401342.29 1.009998671
TAV HAVALIMANLARI TAVHL TI 48953 400200.51 1.007125322
CONTROLADORA VUELA CIA DE AVIA SPON ADR RP 10 VLRS 33274 398289.78 1.002316871
AIR CANADA AC CN 36720 395074.72 0.994226006
AIRBUS GROUP SE AIR FP 5976 394371.47 0.992456241
AEGEAN AIRLINES AEGN GA 57331 392834.82 0.988589181
INTL CONS AIRLINE IAG LN 50943 388921.56 0.97874126
TRAVELSKY TECHNOLO 696 HK 261321 366108.64 0.921331365
CHINA SOUTHN AIRLS LTD ZNH 6609 364684.62 0.917747744
CHINA EASTN AIRLS LTD CEA 9166 362515.3 0.912288538

[deniseann]

Dah..!
I had the JETS from the NGI...? index listed, whatever that is, instead of the AMEX index... I think i put it on before ihub had the AMEX index listed... I don't remember seeing that when I first put it up...
Well anyway... It now lists out on the stock page ribbon just fine...