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

U.S. Global Jets ETF (NYSEARCA:JETS) was the target of unusually large options trading activity on Monday. Stock investors acquired 51,512 put options on the company. This represents an increase of 307% compared to the typical daily volume of 12,670 put options.

U.S. Global Jets ETF Price Performance

NYSEARCA:JETS opened at $20.46 on Wednesday. U.S. Global Jets ETF has a one year low of $14.69 and a one year high of $21.38. The company has a market cap of $1.31 billion, a P/E ratio of 26.39 and a beta of 1.18. The firm’s fifty day moving average price is $18.63 and its two-hundred day moving average price is $19.56.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ayalon Insurance Comp Ltd. grew its stake in shares of U.S. Global Jets ETF by 4.3% in the first quarter. Ayalon Insurance Comp Ltd. now owns 87,976 shares of the company’s stock valued at $1,848,000 after acquiring an additional 3,640 shares in the last quarter. Family Firm Inc. acquired a new position in shares of U.S. Global Jets ETF in the second quarter valued at about $75,000. Finally, Livelsberger Financial Advisory bought a new stake in U.S. Global Jets ETF during the fourth quarter worth about $26,000.

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.