Stock Traders Purchase High 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 on Monday. Stock investors acquired 31,401 call options on the company. This is an increase of approximately 75% compared to the typical daily volume of 17,953 call options.

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

Institutional investors have recently bought and sold shares of the stock. NBC Securities Inc. increased its stake in U.S. Global Jets ETF by 115,650.0% in the 1st quarter. NBC Securities Inc. now owns 2,315 shares of the company’s stock worth $48,000 after purchasing an additional 2,313 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in U.S. Global Jets ETF during the 4th quarter worth about $69,000. DRW Securities LLC boosted its position in U.S. Global Jets ETF by 23.1% during the 4th quarter. DRW Securities LLC now owns 53,767 shares of the company’s stock worth $1,363,000 after acquiring an additional 10,083 shares during the period. Fullerton Fund Management Co Ltd. acquired a new stake in U.S. Global Jets ETF during the 4th quarter worth about $11,875,000. Finally, Golden State Wealth Management LLC boosted its position in U.S. Global Jets ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 6,722 shares of the company’s stock worth $140,000 after acquiring an additional 3,361 shares during the period.

U.S. Global Jets ETF Trading Down 1.3%

Shares of JETS opened at $23.81 on Tuesday. The business’s 50-day moving average price is $22.32 and its 200 day moving average price is $22.99. The stock has a market capitalization of $891.68 million, a P/E ratio of 9.62 and a beta of 1.38. U.S. Global Jets ETF has a 1-year low of $16.48 and a 1-year high of $27.10.

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.