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

U.S. Global Jets ETF (NYSEARCA:JETS) saw unusually large options trading on Tuesday. Investors acquired 76,905 put options on the company. This is an increase of approximately 310% compared to the average daily volume of 18,756 put options.

U.S. Global Jets ETF Stock Up 1.6 %

JETS stock traded up $0.41 during midday trading on Tuesday, hitting $26.07. 1,441,539 shares of the company traded hands, compared to its average volume of 1,984,565. U.S. Global Jets ETF has a twelve month low of $16.48 and a twelve month high of $27.10. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18. The business has a 50 day simple moving average of $25.56 and a 200-day simple moving average of $22.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JETS. Flow Traders U.S. LLC raised its stake in shares of U.S. Global Jets ETF by 186.7% in the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock valued at $2,957,000 after purchasing an additional 92,939 shares in the last quarter. Leuthold Group LLC bought a new stake in shares of U.S. Global Jets ETF during the fourth quarter worth $1,095,000. Roxbury Financial LLC acquired a new position in U.S. Global Jets ETF during the 4th quarter valued at about $73,000. Finally, Avior Wealth Management LLC boosted its stake in shares of U.S. Global Jets ETF by 656.8% in the 4th quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock valued at $36,000 after purchasing an additional 1,248 shares during the last quarter.

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.