US Global Investors, Inc. (NASDAQ: GROW) has announced assets under management (AUM) of its US Global Jets ETF have increased from USD 52m at the end of 2019 to USD 302m as of March 31, the company said.
The USD 250m increase in the first quarter amounts to a 20% rise in total AUM.
Daily trading volume for the airlines ETF crossed above 5 million shares for the first time on March 25. This represents a substantial increase from the same time a year earlier, when daily volume was approximately 11,700 shares.
While the ETF closed at USD 12.66 per share on April 2, down more than 60 percent from its 52-week high on January 17 of this year.