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

U.S. Global Jets ETF (NYSEARCA:JETS) was the recipient of unusually large options trading activity on Friday. Investors bought 20,727 call options on the stock. This represents an increase of 58% compared to the typical daily volume of 13,132 call options.

U.S. Global Jets ETF Stock Performance

U.S. Global Jets ETF stock traded up $0.41 during midday trading on Friday, reaching $28.25. The stock had a trading volume of 2,413,402 shares, compared to its average volume of 3,964,539. The firm’s fifty day simple moving average is $30.67 and its 200-day simple moving average is $28.49. U.S. Global Jets ETF has a 1-year low of $23.53 and a 1-year high of $34.06. The stock has a market capitalization of $695.07 million, a P/E ratio of 9.62 and a beta of 1.18.

Institutional Trading of U.S. Global Jets ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings 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 purchasing an additional 500 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new position in U.S. Global Jets ETF during the fourth quarter worth about $85,000. AdvisorNet Financial Inc increased its holdings in shares of U.S. Global Jets ETF by 1,730.9% during the 1st quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock worth $123,000 after acquiring an additional 4,708 shares during the last quarter. Highland Investment Advisors LLC acquired a new stake in shares of U.S. Global Jets ETF during the 2nd quarter worth about $167,000. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in shares of U.S. Global Jets ETF by 800,000.0% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 8,001 shares of the company’s stock worth $225,000 after acquiring an additional 8,000 shares during the period.

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.