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JRNY (ALPS Global Travel Beneficiaries ETF) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
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This ETF (Exchange Traded Fund) aims to mirror as closely as possible the returns of its benchmark index. This index follows a systematic, predefined set of rules, established by an independent provider, to select publicly traded companies that have a substantial involvement in the global travel industry. To achieve its investment goal, the fund typically commits at least 80% of its assets to the securities included in this index, generally holding all of them in allocations proportionate to their representation within the index.
DENVER , Sept. 10, 2024 /PRNewswire/ -- SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced that the ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY) (the "Fund") will close to new investors on October 16, 2024 and liquidate on October 18, 2024.
Amid amplified concerns that the U.S. economy is slowing and that the Federal Reserve was too slow to lower interest rates (it hasn't as of yet), some travel stocks are slumping. Those declines make sense because consumer cyclical names are often pinched in sluggish economic environments.
Summer is halfway over, and travel demand remains high. TSA data points to a 2024 summer season that has so far been more active than 2023 and even prepandemic in 2019.
From the summer of 2020 to early 2021, passenger traffic improved, but it wasn't until the summer of 2021 that activity levels approached anything even close to normal. By last summer, passenger traffic had largely returned to its pre-Covid range, and this summer, we've seen traffic trends regularly exceed their pre-Covid range.
Americans are willing to spend less this fourth of July amid sticky inflation but travel more than ever.