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

U.S. Global Jets ETF (NYSEARCA:JETS) was the recipient of unusually large options trading activity on Thursday. Traders bought 17,686 put options on the stock. This is an increase of 66% compared to the average volume of 10,645 put options.

U.S. Global Jets ETF Stock Down 5.4%

Shares of U.S. Global Jets ETF stock traded down $1.48 during trading on Thursday, reaching $25.84. 4,810,190 shares of the stock were exchanged, compared to its average volume of 4,362,326. The firm has a market cap of $768.74 million, a price-to-earnings ratio of 9.62 and a beta of 1.33. U.S. Global Jets ETF has a 1 year low of $17.11 and a 1 year high of $31.33. The stock’s fifty day moving average is $28.92 and its 200 day moving average is $26.90.

U.S. Global Jets ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.2329 per share. This represents a yield of 82.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Trading of U.S. Global Jets ETF

Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in shares of U.S. Global Jets ETF by 18.8% in the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock worth $66,000 after buying an additional 500 shares during the last quarter. JPMorgan Chase & Co. boosted its position in U.S. Global Jets ETF by 24.9% in the second quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock worth $83,492,000 after purchasing an additional 724,885 shares during the last quarter. Leuthold Group LLC grew its stake in shares of U.S. Global Jets ETF by 2.6% during the 2nd quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock valued at $1,228,000 after purchasing an additional 1,380 shares during the period. RPg Family Wealth Advisory LLC grew its stake in shares of U.S. Global Jets ETF by 3.1% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock valued at $650,000 after purchasing an additional 838 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of U.S. Global Jets ETF during the 3rd quarter valued at about $6,509,000.

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.