Investors Purchase Large Volume of Put Options on U.S. Global Jets ETF (NYSEARCA:JETS)

U.S. Global Jets ETF (NYSEARCA:JETS) was the target of some unusual options trading activity on Thursday. Traders bought 60,522 put options on the stock. This represents an increase of 310% compared to the typical daily volume of 14,757 put options.

U.S. Global Jets ETF Trading Down 1.3%

NYSEARCA JETS opened at $24.93 on Friday. U.S. Global Jets ETF has a 1-year low of $17.11 and a 1-year high of $31.33. The firm’s fifty day simple moving average is $27.30 and its 200-day simple moving average is $26.73. The company has a market capitalization of $741.67 million, a PE ratio of 9.62 and a beta of 1.33.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings 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 valued at $66,000 after buying an additional 500 shares during the last quarter. 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 buying an additional 838 shares during the last quarter. Ares Financial Consulting LLC acquired a new position in U.S. Global Jets ETF in the fourth quarter worth approximately $49,000. Private Trust Co. NA raised its position in U.S. Global Jets ETF by 48.1% during the fourth 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. Finally, IFC & Insurance Marketing Inc. bought a new position in U.S. Global Jets ETF during the fourth quarter valued at approximately $85,000.

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.