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

U.S. Global Jets ETF (NYSEARCA:JETS) saw unusually large options trading activity on Wednesday. Stock investors bought 31,867 call options on the stock. This is an increase of 113% compared to the average volume of 14,987 call options.

U.S. Global Jets ETF Price Performance

JETS traded up $0.50 during trading on Wednesday, hitting $20.94. 3,379,293 shares of the stock traded hands, compared to its average volume of 2,366,317. The firm has a market capitalization of $741.28 million, a P/E ratio of 10.69 and a beta of 1.19. U.S. Global Jets ETF has a 12-month low of $16.48 and a 12-month high of $27.10. The firm has a 50-day moving average of $24.13 and a 200 day moving average of $23.79.

Institutional Trading of U.S. Global Jets ETF

Several large investors have recently modified their holdings of JETS. Kohmann Bosshard Financial Services LLC purchased a new position in U.S. Global Jets ETF during the 4th quarter valued at $25,000. Avior Wealth Management LLC boosted its stake in shares of 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 valued at $36,000 after purchasing an additional 1,248 shares in the last quarter. Sims Investment Management LLC purchased a new position in shares of U.S. Global Jets ETF during the fourth quarter valued at about $49,000. Pinnacle Holdings LLC bought a new position in U.S. Global Jets ETF in the fourth quarter worth about $69,000. Finally, Roxbury Financial LLC purchased a new stake in U.S. Global Jets ETF in the fourth quarter worth about $73,000.

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.