U.S. Global Jets ETF Target of Unusually High Options Trading (NYSEARCA:JETS)

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

Hedge Funds Weigh In On U.S. Global Jets ETF

Institutional investors have recently made changes to their positions in the stock. 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. Flow Traders U.S. LLC bought a new stake in shares of U.S. Global Jets ETF during the 3rd quarter worth $8,584,000. Quadrature Capital Ltd bought a new position in U.S. Global Jets ETF during the third quarter valued at about $6,509,000. Quantitative Investment Management LLC purchased a new stake in U.S. Global Jets ETF during the fourth quarter worth about $3,833,000. Finally, Marshall Wace LLP purchased a new position in U.S. Global Jets ETF in the fourth quarter valued at about $1,677,000.

U.S. Global Jets ETF Stock Performance

Shares of U.S. Global Jets ETF stock traded down $1.48 on Thursday, hitting $25.84. The stock had a trading volume of 4,810,190 shares, compared to its average volume of 4,362,326. The stock has a 50 day moving average of $28.92 and a 200 day moving average of $26.90. The firm has a market capitalization of $768.74 million, a P/E ratio of 9.62 and a beta of 1.33. U.S. Global Jets ETF has a twelve month low of $17.11 and a twelve month high of $31.33.

U.S. Global Jets ETF Announces Dividend

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

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.