U.S. Global Jets ETF Sees Unusually High Options Volume (NYSEARCA:JETS)

U.S. Global Jets ETF (NYSEARCA:JETS) was the recipient of unusually large options trading activity on Tuesday. Traders bought 76,905 put options on the stock. This represents an increase of approximately 310% compared to the average daily volume of 18,756 put options.

U.S. Global Jets ETF Price Performance

Shares of JETS traded up $0.41 during midday trading on Tuesday, reaching $26.07. The stock had a trading volume of 1,441,539 shares, compared to its average volume of 1,984,565. The company has a market capitalization of $1.66 billion, a P/E ratio of 26.39 and a beta of 1.18. The firm’s 50 day moving average price is $25.56 and its 200-day moving average price is $22.24. U.S. Global Jets ETF has a 52 week low of $16.48 and a 52 week high of $27.10.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC grew its position in U.S. Global Jets ETF by 656.8% during the 4th quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock worth $36,000 after purchasing an additional 1,248 shares in the last quarter. Roxbury Financial LLC acquired a new position in U.S. Global Jets ETF during the fourth quarter valued at $73,000. Leuthold Group LLC purchased a new stake in U.S. Global Jets ETF in the 4th quarter worth about $1,095,000. Finally, Flow Traders U.S. LLC boosted its position in U.S. Global Jets ETF by 186.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after acquiring an additional 92,939 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.