Investors bet against Warren Buffett as airline ETF sees 1600% surge in fund flows
, 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%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett Should Have Listened to Warren Buffett About AirlinesWarren Buffett was a longtime skeptic of the airline industry. Then he changed his mind. Now he’s changed his mind again. jbarro writes
Read more »
Unemployment will surge to 15% on 22 million jobs lost in April: BofA - Business Insider'The April employment report will reveal unprecedented job losses as the economy has been shut down to control the spread of COVID-19,' said BofA.
Read more »
Tesla investors making mistake by ignoring factory shutdown: expert - Business InsiderTesla investors should brace for an ugly couple months as the company's US factory remains closed indefinitely, analyst warns
Read more »
United Airlines sued over cuts, accused of violating bailout terms - Business InsiderUnited is being sued by a union representing 27,000 of its workers after the airline reduced work weeks from 40 hours to 30 due to the pandemic.
Read more »
Investing strategy, global stock picks from fund manager David Dudding - Business InsiderA fund manager trouncing 90% of his rivals shared with us 5 trades he's making to stay ahead — including a big bet on Disney after it was crushed in the pandemic sell-off
Read more »
Robinhood raised $280 million despite decrease in fintech funding - Business InsiderRobinhood should focus its large cash injection on consolidating resources and fixing existing issues to better withstand the economic downturn
Read more »