Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Shares Gap Down – What’s Next?

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) shares gapped down before the market opened on Monday . The stock had previously closed at $12.07, but opened at $11.69. Amplify Junior Silver Miners ETF shares last traded at $11.72, with a volume of 548,669 shares traded.

Amplify Junior Silver Miners ETF Stock Performance

The company has a market cap of $884.07 million, a P/E ratio of 0.87 and a beta of 1.29. The business’s 50-day moving average price is $13.15 and its 200 day moving average price is $12.38.

Hedge Funds Weigh In On Amplify Junior Silver Miners ETF

Several large investors have recently modified their holdings of the stock. Insigneo Advisory Services LLC bought a new stake in shares of Amplify Junior Silver Miners ETF during the second quarter worth approximately $2,096,000. Quadrature Capital Ltd acquired a new stake in Amplify Junior Silver Miners ETF in the 3rd quarter worth about $1,504,000. Commonwealth Equity Services LLC raised its position in shares of Amplify Junior Silver Miners ETF by 21.5% in the second quarter. Commonwealth Equity Services LLC now owns 594,928 shares of the company’s stock valued at $6,735,000 after buying an additional 105,421 shares in the last quarter. PCG Wealth Advisors LLC increased its stake in Amplify Junior Silver Miners ETF by 207.8% during the 2nd quarter. PCG Wealth Advisors LLC now owns 155,140 shares of the company’s stock worth $1,756,000 after acquiring an additional 104,737 shares during the period. Finally, Truist Financial Corp bought a new stake in shares of Amplify Junior Silver Miners ETF during the 2nd quarter valued at $989,000.

About Amplify Junior Silver Miners ETF

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.