U.S. Global Jets ETF Sees Unusually High Options Volume (NYSEARCA:JETS)

U.S. Global Jets ETF (NYSEARCA:JETS) was the target of some unusual options trading activity on Thursday. Stock investors acquired 60,522 put options on the company. This represents an increase of 310% compared to the average volume of 14,757 put options.

U.S. Global Jets ETF Price Performance

U.S. Global Jets ETF stock opened at $25.27 on Thursday. The firm has a 50 day simple moving average of $27.38 and a 200-day simple moving average of $26.74. The stock has a market capitalization of $751.78 million, a PE ratio of 9.62 and a beta of 1.33. U.S. Global Jets ETF has a 12-month low of $17.11 and a 12-month high of $31.33.

Institutional Trading of U.S. Global Jets ETF

Several institutional investors have recently modified their holdings of JETS. NewEdge Advisors LLC grew its holdings in U.S. Global Jets ETF by 18.8% during the first quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock worth $66,000 after acquiring an additional 500 shares during the period. RPg Family Wealth Advisory LLC grew its position in U.S. Global Jets ETF by 3.1% in the second quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock worth $650,000 after buying an additional 838 shares during the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of U.S. Global Jets ETF during the 4th quarter valued at $49,000. Private Trust Co. NA boosted its stake in shares of U.S. Global Jets ETF by 48.1% during the 4th quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock worth $208,000 after acquiring an additional 2,403 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of U.S. Global Jets ETF during the 4th quarter worth $85,000.

About U.S. Global Jets ETF

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.