U.S. Global Jets ETF Target of Unusually Large Options Trading (NYSEARCA:JETS)

U.S. Global Jets ETF (NYSEARCA:JETS) was the recipient of some unusual options trading activity on Tuesday. Investors bought 57,102 put options on the stock. This is an increase of 183% compared to the average daily volume of 20,152 put options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Livelsberger Financial Advisory acquired a new position in shares of U.S. Global Jets ETF during the fourth quarter worth about $26,000. NBC Securities Inc. purchased a new stake in U.S. Global Jets ETF during the third quarter worth approximately $77,000. Ayalon Insurance Comp Ltd. lifted its stake in U.S. Global Jets ETF by 4.9% during the third quarter. Ayalon Insurance Comp Ltd. now owns 84,336 shares of the company’s stock worth $1,436,000 after purchasing an additional 3,963 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in U.S. Global Jets ETF by 31.7% during the fourth quarter. BNP Paribas Financial Markets now owns 98,266 shares of the company’s stock worth $1,870,000 after purchasing an additional 23,673 shares during the last quarter.

U.S. Global Jets ETF Stock Performance

U.S. Global Jets ETF stock traded down $0.03 during trading on Tuesday, reaching $20.95. The company had a trading volume of 1,635,550 shares, compared to its average volume of 3,907,902. The firm’s 50-day simple moving average is $20.14 and its 200 day simple moving average is $18.48. U.S. Global Jets ETF has a 1-year low of $14.69 and a 1-year high of $22.50. The firm has a market capitalization of $1.28 billion, a PE ratio of 25.47 and a beta of 1.22.

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.