Stock Traders Purchase Large Volume of Call Options on U.S. Global Jets ETF (NYSEARCA:JETS)
by Renee Jackson · The Cerbat GemU.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors purchased 20,727 call options on the company. This represents an increase of approximately 58% compared to the average volume of 13,132 call options.
Institutional Investors Weigh In On U.S. Global Jets ETF
Several hedge funds have recently bought and sold shares of JETS. Quadrature Capital Ltd acquired a new position in shares of U.S. Global Jets ETF in the 3rd quarter valued at $6,509,000. Quantitative Investment Management LLC bought a new position in U.S. Global Jets ETF during the fourth quarter worth about $3,833,000. Marshall Wace LLP acquired a new position in U.S. Global Jets ETF in the fourth quarter valued at about $1,677,000. Janney Montgomery Scott LLC increased its holdings in shares of U.S. Global Jets ETF by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 43,307 shares of the company’s stock worth $1,067,000 after acquiring an additional 3,871 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC increased its holdings in shares of U.S. Global Jets ETF by 10.5% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 34,257 shares of the company’s stock worth $962,000 after acquiring an additional 3,258 shares in the last quarter.
U.S. Global Jets ETF Trading Up 1.5%
Shares of JETS stock traded up $0.41 on Friday, reaching $28.25. The company had a trading volume of 2,413,402 shares, compared to its average volume of 3,964,539. The stock has a market cap of $695.07 million, a PE ratio of 9.62 and a beta of 1.18. The company has a 50-day moving average of $30.67 and a 200-day moving average of $28.49. U.S. Global Jets ETF has a 12 month low of $23.53 and a 12 month high of $34.06.
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.