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

Posted by Trevor Kearing on Oct 30th, 2024

U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) saw some unusual options trading on Monday. Stock investors acquired 42,320 call options on the stock. This is an increase of approximately 142% compared to the average daily volume of 17,457 call options.

U.S. Global Jets ETF Trading Up 1.4 %

NYSEARCA:JETS traded up $0.33 on Wednesday, reaching $23.13. 1,632,004 shares of the stock traded hands, compared to its average volume of 2,926,772. U.S. Global Jets ETF has a 1-year low of $14.69 and a 1-year high of $23.25. The company’s 50 day moving average is $20.17 and its 200-day moving average is $19.76. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18.

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

A hedge fund recently bought a new stake in U.S. Global Jets ETF stock. Halpern Financial Inc. acquired a new position in shares of U.S. Global Jets ETF (NYSEARCA:JETS – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,930 shares of the company’s stock, valued at approximately $140,000.

About U.S. Global Jets ETF

(Get Free Report)

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.