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

U.S. Global Jets ETF (NYSEARCA:JETS) saw some unusual options trading activity on Wednesday. Traders bought 76,493 put options on the company. This is an increase of 556% compared to the typical daily volume of 11,665 put options.

U.S. Global Jets ETF Trading Up 0.6 %

Shares of JETS opened at $18.55 on Thursday. The firm’s fifty day simple moving average is $18.55 and its two-hundred day simple moving average is $19.62. U.S. Global Jets ETF has a 12 month low of $14.69 and a 12 month high of $21.38. The stock has a market capitalization of $1.18 billion, a P/E ratio of 26.39 and a beta of 1.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in shares of U.S. Global Jets ETF by 31.7% during the 4th quarter. BNP Paribas Financial Markets now owns 98,266 shares of the company’s stock valued at $1,870,000 after acquiring an additional 23,673 shares during the period. Ayalon Insurance Comp Ltd. raised its holdings in shares of U.S. Global Jets ETF by 4.3% during the first quarter. Ayalon Insurance Comp Ltd. now owns 87,976 shares of the company’s stock valued at $1,848,000 after purchasing an additional 3,640 shares during the period. Family Firm Inc. bought a new position in shares of U.S. Global Jets ETF during the 2nd quarter worth about $75,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of U.S. Global Jets ETF in the 4th quarter valued at 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.