Stock 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 Wednesday. Stock investors purchased 60,721 call options on the stock. This represents an increase of 497% compared to the average volume of 10,178 call options.

U.S. Global Jets ETF Stock Performance

Shares of NYSEARCA JETS opened at $27.32 on Thursday. The stock has a market capitalization of $812.77 million, a PE ratio of 9.62 and a beta of 1.33. The stock has a 50 day moving average price of $28.92 and a 200 day moving average price of $26.90. U.S. Global Jets ETF has a 52 week low of $17.11 and a 52 week high of $31.33.

U.S. Global Jets ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a dividend of $0.2329 per share. The ex-dividend date was Wednesday, December 24th. This represents a yield of 82.0%.

Institutional Trading of U.S. Global Jets ETF

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in U.S. Global Jets ETF by 18.8% in the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares during the period. JPMorgan Chase & Co. lifted its position in shares of U.S. Global Jets ETF by 24.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock worth $83,492,000 after purchasing an additional 724,885 shares during the period. Leuthold Group LLC grew its holdings in U.S. Global Jets ETF by 2.6% during the 2nd quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock worth $1,228,000 after acquiring an additional 1,380 shares during the period. RPg Family Wealth Advisory LLC increased its holdings in U.S. Global Jets ETF by 3.1% in the second quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock worth $650,000 after purchasing an additional 838 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of U.S. Global Jets ETF in the 3rd quarter valued at $6,509,000.

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.