ETF Trends
ETF Trends

Memorial Day is nearly here and with that holiday comes the arrival of the summer travel season. In previous years, obvious summer travel season investment strategies have included exchange traded funds such as the United States Gasoline Fund (NYSEArca: UGA) and the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY).

The newly minted U.S. Global Jets ETF (NYSEArca: JETS) belongs in the summer travel/ETF conversation and with good reason.

On Monday industry trade group Airlines for America said that it “estimates that about 222 million passengers will fly on U.S. airlines from June through August, up 4.5 percent from the same time last year,” according to Reuters.

Some of JETS’ largest holdings stand to benefit from increased demand for domestic flights while oil prices stay low enough to keep bolstering industry profits.

“Strong U.S. domestic demand is poised to benefit American Airlines Group (NasdaqGS: AAL), United Continental (NYSE: UAL) and Delta Airlines (NYSE: DAL),” Reuters reported.

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