Investors Buy Large Volume of Call Options on U.S. Global Jets ETF (NYSEARCA:JETS)

U.S. Global Jets ETF (NYSEARCA:JETS) was the target of some unusual options trading on Wednesday. Stock traders acquired 60,721 call options on the company. This represents an increase of approximately 497% compared to the typical volume of 10,178 call options.

Institutional Trading of U.S. Global Jets ETF

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of U.S. Global Jets ETF by 24.9% in the second 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 lifted its stake in 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 worth $1,228,000 after acquiring an additional 1,380 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its position in U.S. Global Jets ETF by 3.1% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock worth $650,000 after acquiring an additional 838 shares during the period. Flow Traders U.S. LLC purchased a new position in U.S. Global Jets ETF during the 3rd quarter valued at about $8,584,000. Finally, SG Americas Securities LLC acquired a new position in shares of U.S. Global Jets ETF in the 4th quarter valued at about $995,000.

U.S. Global Jets ETF Trading Down 4.5%

NYSEARCA JETS opened at $26.08 on Friday. U.S. Global Jets ETF has a 1 year low of $17.11 and a 1 year high of $31.33. The company has a market cap of $775.88 million, a PE ratio of 9.62 and a beta of 1.33. The stock’s 50-day moving average price is $28.87 and its two-hundred day moving average price is $26.90.

U.S. Global Jets ETF Announces Dividend

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

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.