U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 48,429 call options on the stock. This is an increase of approximately 246% compared to the typical daily volume of 13,985 call options.
Institutional Trading of U.S. Global Jets ETF
Several hedge funds have recently added to or reduced their stakes in JETS. Rathbones Group PLC bought a new position in U.S. Global Jets ETF during the first quarter worth about $228,000. Ibex Wealth Advisors acquired a new position in U.S. Global Jets ETF in the first quarter valued at about $323,000. 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. AdvisorNet Financial Inc raised its position in shares of U.S. Global Jets ETF by 1,730.9% during the first quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock worth $123,000 after purchasing an additional 4,708 shares during the period. Finally, Quantitative Investment Management LLC acquired a new stake in shares of U.S. Global Jets ETF during the fourth quarter worth about $3,833,000.
U.S. Global Jets ETF Stock Down 1.7%
NYSEARCA JETS traded down $0.53 during trading on Tuesday, reaching $30.32. 2,699,859 shares of the stock traded hands, compared to its average volume of 4,070,015. The stock’s 50-day moving average price is $31.46 and its 200 day moving average price is $28.56. The firm has a market cap of $745.87 million, a price-to-earnings ratio of 9.62 and a beta of 1.19. U.S. Global Jets ETF has a fifty-two week low of $23.53 and a fifty-two week 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.
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