Stock Traders Purchase High Volume of U.S. Global Jets ETF Call Options (NYSEARCA:JETS)

U.S. Global Jets ETF (NYSEARCA:JETS) saw unusually large options trading activity on Thursday. Traders acquired 40,399 call options on the stock. This is an increase of approximately 300% compared to the typical volume of 10,094 call options.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its stake in shares of U.S. Global Jets ETF by 18.8% in the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares during the period. Janney Montgomery Scott LLC boosted its holdings in U.S. Global Jets ETF by 3.7% during the second quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock worth $290,000 after buying an additional 450 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of U.S. Global Jets ETF by 24.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock worth $83,492,000 after buying an additional 724,885 shares during the period. Leuthold Group LLC increased its stake in shares of U.S. Global Jets ETF by 2.6% in the 2nd quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock valued at $1,228,000 after acquiring an additional 1,380 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC raised its position in shares of U.S. Global Jets ETF by 3.1% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock valued at $650,000 after acquiring an additional 838 shares during the period.

U.S. Global Jets ETF Stock Performance

U.S. Global Jets ETF stock traded down $0.93 on Thursday, reaching $28.94. The company’s stock had a trading volume of 2,949,821 shares, compared to its average volume of 4,723,771. U.S. Global Jets ETF has a twelve month low of $17.11 and a twelve month high of $31.33. The company has a market cap of $861.02 million, a price-to-earnings ratio of 9.62 and a beta of 1.33. The business’s fifty day moving average price is $28.70 and its 200 day moving average price is $26.41.

U.S. Global Jets ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.2329 per share. The ex-dividend date was Wednesday, December 24th. This represents a dividend yield of 82.0%.

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.