, usually see their spike in asset flows occur when the underlying securities of the ETF are rising in price and investors want to participate in the rally.
JETS bucks that trend. The ETF is down 60% since its assets have increased more than 17-fold, an indication that investors are betting on a recovery in the airline industry. Additionally, JETS is seeing higher and more intense fund flows than many previous theme ETFs that were at the right place at the right time and experienced a surge in assets under management.on Wednesday, "I went back and compared the intensity and amount of inflows of $JETS to $HACK, $ROBO and $MJ, three theme ETFs that caught fire back in day and none of them put down numbers like $JETS, even during their best runs.
The fund flow into JETS is consistent with data from Robintrack, a service that tracks the number of Robinhood accounts that own a particular stock or ETF.Number of Robinhood accounts that own JETS ETFOn March 3, just 386 Robinhood accounts owned JETS. Today, more than 20,000 do, representing an increase of more than 5,000%.
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Filing this in the let’s revisit in a year folder.
hblodget Ryan_Dagner
Love to see how this plays out!
All aboard the germ tube express!
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