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

U.S. Global Jets ETF (NYSEARCA:JETS) was the recipient of unusually large options trading activity on Friday. Stock traders purchased 20,727 call options on the stock. This represents an increase of approximately 58% compared to the typical volume of 13,132 call options.

U.S. Global Jets ETF Stock Performance

Shares of NYSEARCA JETS opened at $28.17 on Friday. The company’s 50 day moving average price is $30.57 and its 200-day moving average price is $28.49. U.S. Global Jets ETF has a 52-week low of $23.53 and a 52-week high of $34.06. The company has a market capitalization of $692.98 million, a P/E ratio of 9.62 and a beta of 1.18.

Institutional Trading of U.S. Global Jets ETF

Institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in shares of U.S. Global Jets ETF in the third quarter valued at about $6,509,000. Quantitative Investment Management LLC bought a new position in shares of U.S. Global Jets ETF during the fourth quarter valued at about $3,833,000. Marshall Wace LLP purchased a new position in U.S. Global Jets ETF during the fourth quarter worth about $1,677,000. Ibex Wealth Advisors purchased a new position in U.S. Global Jets ETF during the first quarter worth about $323,000. Finally, Rathbones Group PLC bought a new stake in U.S. Global Jets ETF in the 1st quarter worth about $228,000.

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.