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 target of unusually large options trading on Thursday. Stock traders acquired 40,399 call options on the stock. This represents an increase of approximately 300% compared to the typical volume of 10,094 call options.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its stake in U.S. Global Jets ETF by 3.7% in the second quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock worth $290,000 after buying an additional 450 shares in the last quarter. NewEdge Advisors LLC grew 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 worth $66,000 after acquiring an additional 500 shares during the period. RPg Family Wealth Advisory LLC grew its holdings in shares of U.S. Global Jets ETF by 3.1% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock worth $650,000 after acquiring an additional 838 shares during the period. Leuthold Group LLC raised its position in shares of U.S. Global Jets ETF by 2.6% in 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 in the last quarter. Finally, Ares Financial Consulting LLC purchased a new position in shares of U.S. Global Jets ETF in the 4th quarter valued at approximately $49,000.

U.S. Global Jets ETF Stock Down 1.8%

Shares of U.S. Global Jets ETF stock opened at $29.33 on Friday. The business has a 50 day moving average of $28.75 and a 200 day moving average of $26.43. U.S. Global Jets ETF has a 52 week low of $17.11 and a 52 week high of $31.33. The company has a market cap of $872.57 million, a PE ratio of 9.62 and a beta of 1.33.

U.S. Global Jets ETF Dividend Announcement

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

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.