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

U.S. Global Jets ETF (NYSEARCA:JETSGet Free Report) was the recipient of unusually large options trading activity on Monday. Stock traders bought 17,709 put options on the company. This is an increase of 32% compared to the typical volume of 13,390 put options.

U.S. Global Jets ETF Stock Down 2.3%

JETS traded down $0.68 during trading hours on Monday, reaching $28.50. 2,327,370 shares of the company’s stock traded hands, compared to its average volume of 3,977,066. The firm has a 50-day moving average price of $31.45 and a 200 day moving average price of $28.58. The firm has a market capitalization of $701.10 million, a PE ratio of 9.62 and a beta of 1.19. U.S. Global Jets ETF has a 52-week low of $23.53 and a 52-week high of $34.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in U.S. Global Jets ETF by 18.8% in 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 in the last quarter. IFC & Insurance Marketing Inc. bought a new stake in shares of U.S. Global Jets ETF in the 4th quarter valued at about $85,000. AdvisorNet Financial Inc boosted its holdings in shares of U.S. Global Jets ETF by 1,730.9% in the 1st quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock valued at $123,000 after buying an additional 4,708 shares in the last quarter. Highland Investment Advisors LLC bought a new stake in shares of U.S. Global Jets ETF in the 2nd quarter valued at about $167,000. Finally, Gordian Capital Singapore Pte Ltd grew its position in shares of U.S. Global Jets ETF by 800,000.0% in 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 Company Profile

(Get Free Report)

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.

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