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

U.S. Global Jets ETF (NYSEARCA:JETS) was the recipient of some unusual options trading activity on Thursday. Investors purchased 29,571 call options on the stock. This is an increase of approximately 62% compared to the typical daily volume of 18,199 call options.

U.S. Global Jets ETF Stock Up 3.0 %

NYSEARCA JETS opened at $25.74 on Friday. U.S. Global Jets ETF has a twelve month low of $16.48 and a twelve month high of $26.09. The stock has a market cap of $1.64 billion, a P/E ratio of 26.39 and a beta of 1.18. The company’s 50-day simple moving average is $22.98 and its 200 day simple moving average is $20.46.

Institutional Investors Weigh In On U.S. Global Jets ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new stake in shares of U.S. Global Jets ETF in the 2nd quarter valued at $75,000. Halpern Financial Inc. bought a new position in U.S. Global Jets ETF during the 3rd quarter valued at about $140,000. Finally, Flow Traders U.S. LLC boosted its position in U.S. Global Jets ETF by 186.7% in the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock valued at $2,957,000 after buying an additional 92,939 shares in the last quarter.

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.