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 some unusual options trading activity on Monday. Stock investors bought 17,709 put options on the stock. This is an increase of 32% compared to the average daily volume of 13,390 put options.

U.S. Global Jets ETF Stock Down 2.3%

Shares of JETS traded down $0.68 during trading hours on Monday, reaching $28.50. 2,327,370 shares of the company traded hands, compared to its average volume of 3,977,066. U.S. Global Jets ETF has a 12 month low of $23.53 and a 12 month high of $34.06. The company has a market capitalization of $701.10 million, a price-to-earnings ratio of 9.62 and a beta of 1.19. The company’s fifty day moving average price is $31.45 and its two-hundred day moving average price is $28.58.

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

Several large investors have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new stake in shares of U.S. Global Jets ETF during the 3rd quarter worth approximately $6,509,000. Quantitative Investment Management LLC bought a new position in shares of U.S. Global Jets ETF in the 4th quarter valued at about $3,833,000. Marshall Wace LLP bought a new position in shares of U.S. Global Jets ETF in the 4th quarter valued at about $1,677,000. Ibex Wealth Advisors purchased a new position in U.S. Global Jets ETF in the first quarter worth about $323,000. Finally, Rathbones Group PLC purchased a new position in U.S. Global Jets ETF in the first quarter worth about $228,000.

About U.S. Global Jets ETF

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.