U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) saw some unusual options trading on Tuesday. Investors purchased 35,364 put options on the company. This represents an increase of approximately 143% compared to the average volume of 14,558 put options.
U.S. Global Jets ETF Stock Performance
JETS opened at $19.45 on Wednesday. The stock has a market capitalization of $1.65 billion, a PE ratio of -5.24 and a beta of 1.38. The stock’s 50 day moving average price is $20.73 and its 200-day moving average price is $19.40. U.S. Global Jets ETF has a 52-week low of $14.77 and a 52-week high of $22.50.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Worth Asset Management LLC purchased a new position in U.S. Global Jets ETF during the 2nd quarter valued at $160,000. Flow Traders U.S. LLC increased its position in U.S. Global Jets ETF by 409.4% during the 1st quarter. Flow Traders U.S. LLC now owns 439,652 shares of the company’s stock valued at $8,191,000 after purchasing an additional 353,338 shares during the period. Pinnacle Holdings LLC purchased a new position in U.S. Global Jets ETF during the 1st quarter valued at $82,000. BNP Paribas Arbitrage SNC increased its position in U.S. Global Jets ETF by 85.5% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 29,620 shares of the company’s stock valued at $552,000 after purchasing an additional 13,652 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in U.S. Global Jets ETF by 172.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,745 shares of the company’s stock valued at $107,000 after purchasing an additional 3,638 shares during the period.
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.
Featured Stories
- Five stocks we like better than U.S. Global Jets ETF
- How to Invest in Renewable Energy
- 3 Inexpensive Mid Cap Tech Stocks With Good Growth Prospects
- Which Wall Street Analysts are the Most Accurate?
- 3 Reasons the Dick’s Sporting Goods Selloff Is a Steal
- Stock Splits, Do They Really Impact Investors?
- Foot Locker Stock Takes a Big Hit…Is It a Retail Bargain?
Receive News & Ratings for U.S. Global Jets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Global Jets ETF and related companies with MarketBeat.com's FREE daily email newsletter.
