U.S. Global Jets ETF Sees Unusually Large Options Volume (NYSEARCA:JETS)

U.S. Global Jets ETF (NYSEARCA:JETS – Get Rating) was the recipient of unusually large options trading on Wednesday. Investors bought 44,598 put options on the company. This represents an increase of 300% compared to the typical volume of 11,159 put options.

Hedge Funds Weigh In On U.S. Global Jets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JETS. OLD Mission Capital LLC bought a new position in shares of U.S. Global Jets ETF during the 3rd quarter valued at about $1,543,000. Captrust Financial Advisors lifted its holdings in shares of U.S. Global Jets ETF by 25.1% during the 2nd quarter. Captrust Financial Advisors now owns 5,940 shares of the company’s stock valued at $98,000 after purchasing an additional 1,192 shares in the last quarter. Ayalon Insurance Comp Ltd. bought a new position in shares of U.S. Global Jets ETF during the 3rd quarter valued at about $239,000. Private Trust Co. NA bought a new position in shares of U.S. Global Jets ETF during the 2nd quarter valued at about $102,000. Finally, JPMorgan Chase & Co. lifted its stake in U.S. Global Jets ETF by 126.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 627,522 shares of the company’s stock valued at $10,355,000 after acquiring an additional 349,974 shares in the last quarter.

U.S. Global Jets ETF Trading Down 4.3 %

Shares of JETS opened at $17.55 on Thursday. U.S. Global Jets ETF has a 1 year low of $14.77 and a 1 year high of $23.49. The stock has a market cap of $1.85 billion, a P/E ratio of -5.24 and a beta of 1.33. The stock’s 50-day moving average price is $19.81 and its two-hundred day moving average price is $18.16.

About U.S. Global Jets ETF

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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.