U.S. Global Jets ETF Target of Unusually Large Options Trading (NYSEARCA:JETS)

U.S. Global Jets ETF (NYSEARCA:JETS) was the recipient of some unusual options trading activity on Tuesday. Investors bought 57,102 put options on the stock. This represents an increase of 183% compared to the typical daily volume of 20,152 put options.

Hedge Funds Weigh In On U.S. Global Jets ETF

Several institutional investors have recently bought and sold shares of JETS. Ayalon Insurance Comp Ltd. grew its stake in shares of U.S. Global Jets ETF by 4.3% in the 1st quarter. Ayalon Insurance Comp Ltd. now owns 87,976 shares of the company’s stock worth $1,848,000 after buying an additional 3,640 shares in the last quarter. Livelsberger Financial Advisory purchased a new position in shares of U.S. Global Jets ETF in the 4th quarter worth $26,000. BNP Paribas Financial Markets grew its stake in shares of U.S. Global Jets ETF by 31.7% in the 4th quarter. BNP Paribas Financial Markets now owns 98,266 shares of the company’s stock worth $1,870,000 after buying an additional 23,673 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of U.S. Global Jets ETF in the 3rd quarter worth $77,000.

U.S. Global Jets ETF Trading Down 0.1 %

JETS traded down $0.03 during trading on Tuesday, hitting $20.95. 1,635,550 shares of the company traded hands, compared to its average volume of 3,907,902. The company has a market cap of $1.28 billion, a PE ratio of 25.47 and a beta of 1.22. The stock’s 50-day simple moving average is $20.14 and its two-hundred day simple moving average is $18.48. U.S. Global Jets ETF has a 1 year low of $14.69 and a 1 year high of $22.50.

U.S. Global Jets ETF Company Profile

The U.S. Global Jets ETF (JETS) is an exchange-traded fund that is based on the Stuttgart US Global Jets (USD) index. The fund invests in both US and non-US airline companies. This concentrated portfolio is weighted towards domestic passenger airlines. JETS was launched on Apr 28, 2015 and is managed by US Global.