Stock Traders Buy High Volume of Put Options on U.S. Global Jets ETF (NYSEARCA:JETS)

U.S. Global Jets ETF (NYSEARCA:JETSGet Free Report) was the target of unusually large options trading activity on Wednesday. Traders purchased 42,142 put options on the stock. This represents an increase of approximately 226% compared to the average volume of 12,911 put options.

Institutional Investors Weigh In On U.S. Global Jets ETF

A number of institutional investors have recently made changes to their positions in JETS. JPMorgan Chase & Co. grew its holdings in shares of U.S. Global Jets ETF by 24.9% during the second quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock valued at $83,492,000 after buying an additional 724,885 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of U.S. Global Jets ETF in the third quarter valued at approximately $8,584,000. Quadrature Capital Ltd purchased a new position in shares of U.S. Global Jets ETF during the third quarter valued at approximately $6,509,000. Quantitative Investment Management LLC grew its holdings in U.S. Global Jets ETF by 330.9% during the first quarter. Quantitative Investment Management LLC now owns 216,844 shares of the company’s stock worth $4,503,000 after buying an additional 166,522 shares in the last quarter. Finally, OLD Mission Capital LLC grew its holdings in U.S. Global Jets ETF by 454.0% during the first quarter. OLD Mission Capital LLC now owns 48,719 shares of the company’s stock worth $1,012,000 after buying an additional 39,925 shares in the last quarter.

U.S. Global Jets ETF Trading Up 0.4%

NYSEARCA JETS traded up $0.12 during trading on Wednesday, hitting $27.60. 922,371 shares of the company’s stock were exchanged, compared to its average volume of 3,030,183. The company has a market cap of $901.21 million, a PE ratio of 9.62 and a beta of 1.33. U.S. Global Jets ETF has a fifty-two week low of $17.11 and a fifty-two week high of $27.83. The stock’s 50 day moving average price is $25.25 and its two-hundred day moving average price is $24.67.

U.S. Global Jets ETF Company Profile

(Get Free Report)

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.

Further Reading

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