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

U.S. Global Jets ETF (NYSEARCA:JETS) saw unusually large options trading on Wednesday. Traders acquired 60,721 call options on the company. This is an increase of approximately 497% compared to the typical volume of 10,178 call options.

Institutional Inflows and Outflows

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

U.S. Global Jets ETF Stock Performance

Shares of NYSEARCA JETS traded down $0.06 during midday trading on Wednesday, reaching $27.37. The company’s stock had a trading volume of 2,815,234 shares, compared to its average volume of 4,335,705. The company has a market cap of $814.26 million, a P/E ratio of 9.62 and a beta of 1.33. The business’s 50 day moving average price is $28.94 and its two-hundred day moving average price is $26.90. U.S. Global Jets ETF has a fifty-two week low of $17.11 and a fifty-two week high of $31.33.

U.S. Global Jets ETF Announces Dividend

The business also recently disclosed 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%.

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.