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

U.S. Global Jets ETF (NYSEARCA:JETS) was the target of some unusual options trading activity on Monday. Stock traders purchased 17,709 put options on the stock. This represents an increase of approximately 32% compared to the average volume of 13,390 put options.

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

Several institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new position in shares of U.S. Global Jets ETF during the 3rd quarter worth approximately $6,509,000. Quantitative Investment Management LLC bought a new stake in shares of U.S. Global Jets ETF in the 4th quarter valued at $3,833,000. Marshall Wace LLP acquired a new position in shares of U.S. Global Jets ETF during the 4th quarter valued at $1,677,000. Ibex Wealth Advisors acquired a new position in shares of U.S. Global Jets ETF during the 1st quarter valued at $323,000. Finally, Rathbones Group PLC acquired a new position in shares of U.S. Global Jets ETF during the 1st quarter valued at $228,000.

U.S. Global Jets ETF Trading Down 2.1%

Shares of JETS opened at $27.89 on Wednesday. The firm’s fifty day simple moving average is $31.33 and its two-hundred day simple moving average is $28.55. U.S. Global Jets ETF has a 12 month low of $23.53 and a 12 month high of $34.06. The stock has a market capitalization of $686.09 million, a P/E ratio of 9.62 and a beta of 1.19.

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.