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 recipient of some unusual options trading on Wednesday. Investors purchased 60,721 call options on the company. This represents an increase of approximately 497% compared to the typical daily volume of 10,178 call options.

Institutional Investors Weigh In On U.S. Global Jets ETF

Several large investors have recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in U.S. Global Jets ETF in the fourth quarter valued at about $49,000. IFC & Insurance Marketing Inc. purchased a new stake in U.S. Global Jets ETF during the 4th quarter worth about $85,000. NewEdge Advisors LLC increased its stake in shares of 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 buying an additional 500 shares during the period. Private Trust Co. NA raised its holdings in shares of U.S. Global Jets ETF by 48.1% in the 4th quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock valued at $208,000 after purchasing an additional 2,403 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd lifted its holdings in U.S. Global Jets ETF by 800,000.0% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 8,001 shares of the company’s stock worth $225,000 after buying an additional 8,000 shares during the last quarter.

U.S. Global Jets ETF Price Performance

NYSEARCA JETS traded down $0.06 on Wednesday, hitting $27.37. The company had a trading volume of 2,815,234 shares, compared to its average volume of 4,335,705. The company has a market capitalization of $814.26 million, a PE ratio of 9.62 and a beta of 1.33. The company’s fifty day moving average price is $28.94 and its 200-day moving average price is $26.90. U.S. Global Jets ETF has a 12-month low of $17.11 and a 12-month high of $31.33.

U.S. Global Jets ETF Announces Dividend

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

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.