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

U.S. Global Jets ETF (NYSEARCA:JETS) was the target of unusually large options trading on Wednesday. Traders bought 71,083 call options on the company. Thisisanincreaseofapproximately314% compared to the typical volume of 17,165 call options.

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

Several institutional investors and hedge funds 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% during the first quarter. NBC Securities Inc. now owns 2,315 shares of the company’s stock worth $48,000 after acquiring an additional 2,313 shares during the last quarter. NewEdge Advisors LLC increased its stake in U.S. Global Jets ETF by 18.8% during the first 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 last quarter. Pandora Wealth Inc. bought a new stake in U.S. Global Jets ETF during the first quarter worth approximately $126,000. Golden State Wealth Management LLC grew its stake in shares of U.S. Global Jets ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 6,722 shares of the company’s stock valued at $140,000 after buying an additional 3,361 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of U.S. Global Jets ETF by 3.7% during the second quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock valued at $290,000 after buying an additional 450 shares during the last quarter.

U.S. Global Jets ETF Price Performance

Shares of JETS opened at $25.40 on Friday. U.S. Global Jets ETF has a one year low of $17.11 and a one year high of $27.10. The firm has a market capitalization of $839.47 million, a P/E ratio of 9.62 and a beta of 1.38. The business has a fifty day moving average of $23.73 and a 200 day moving average of $22.77.

U.S. Global Jets ETF Company Profile

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.