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

U.S. Global Jets ETF (NYSEARCA:JETS) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 48,429 call options on the company. This is an increase of approximately 246% compared to the typical daily volume of 13,985 call options.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JETS. Ares Financial Consulting LLC acquired a new stake in U.S. Global Jets ETF in the 4th quarter valued at $49,000. IFC & Insurance Marketing Inc. acquired a new position in shares of U.S. Global Jets ETF during the 4th quarter worth about $85,000. NewEdge Advisors LLC boosted its stake in shares of U.S. Global Jets ETF by 18.8% during the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock worth $66,000 after buying an additional 500 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of U.S. Global Jets ETF by 1,730.9% during the 1st quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock worth $123,000 after buying an additional 4,708 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of U.S. Global Jets ETF by 48.1% in the 4th quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock valued at $208,000 after acquiring an additional 2,403 shares in the last quarter.

U.S. Global Jets ETF Price Performance

Shares of U.S. Global Jets ETF stock traded down $0.53 on Tuesday, hitting $30.32. The company had a trading volume of 2,699,859 shares, compared to its average volume of 4,070,015. The firm has a market capitalization of $745.87 million, a P/E ratio of 9.62 and a beta of 1.19. U.S. Global Jets ETF has a twelve month low of $23.53 and a twelve month high of $34.06. The stock has a 50-day moving average of $31.46 and a 200-day moving average of $28.56.

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.