Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Shares Gap Down – Time to Sell?

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) shares gapped down prior to trading on Monday . The stock had previously closed at $30.00, but opened at $27.99. Amplify Junior Silver Miners ETF shares last traded at $27.6450, with a volume of 3,603,669 shares.

Amplify Junior Silver Miners ETF Stock Down 6.5%

The firm has a market capitalization of $3.21 billion, a PE ratio of 25.57 and a beta of 0.79. The business has a 50-day moving average price of $24.66 and a 200-day moving average price of $20.37.

Institutional Trading of Amplify Junior Silver Miners ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Fund Management S.A. boosted its position in shares of Amplify Junior Silver Miners ETF by 425.8% during the 3rd quarter. Capital Fund Management S.A. now owns 836,576 shares of the company’s stock valued at $19,317,000 after acquiring an additional 677,480 shares during the last quarter. Qube Research & Technologies Ltd increased its position in Amplify Junior Silver Miners ETF by 666.7% during the second quarter. Qube Research & Technologies Ltd now owns 456,124 shares of the company’s stock worth $6,751,000 after purchasing an additional 396,631 shares during the last quarter. Hohimer Wealth Management LLC purchased a new position in Amplify Junior Silver Miners ETF during the third quarter worth about $5,964,000. Adage Capital Partners GP L.L.C. purchased a new position in Amplify Junior Silver Miners ETF during the second quarter worth about $3,700,000. Finally, PCG Wealth Advisors LLC acquired a new position in Amplify Junior Silver Miners ETF in the 3rd quarter valued at about $5,737,000.

Amplify Junior Silver Miners ETF Company Profile

The ETFMG Prime Junior Silver Miners ETF (SILJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a modified market-cap-weighted index of small-cap silver mining and exploration companies. SILJ was launched on Nov 28, 2012 and is managed by ETF Managers Group.