Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Stock Price Down 5.5% – Here’s What Happened

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ)’s share price dropped 5.5% on Monday. The company traded as low as $27.38 and last traded at $27.60. 3,884,699 shares were traded during trading, a decline of 40% from the average daily volume of 6,434,143 shares. The stock had previously closed at $29.22.

Amplify Junior Silver Miners ETF Stock Performance

The stock has a market capitalization of $3.60 billion, a PE ratio of 25.57 and a beta of 0.95. The business’s 50-day moving average price is $29.19 and its 200 day moving average price is $29.01.

Hedge Funds Weigh In On Amplify Junior Silver Miners ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SILJ. SJS Investment Consulting Inc. purchased a new stake in shares of Amplify Junior Silver Miners ETF in the 1st quarter valued at about $26,000. SouthState Bank Corp bought a new stake in shares of Amplify Junior Silver Miners ETF during the 4th quarter valued at about $32,000. Parvin Asset Management LLC purchased a new position in shares of Amplify Junior Silver Miners ETF during the first quarter worth about $36,000. Blue Trust Inc. grew its holdings in shares of Amplify Junior Silver Miners ETF by 33.3% during the first quarter. Blue Trust Inc. now owns 2,000 shares of the company’s stock worth $59,000 after purchasing an additional 500 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in shares of Amplify Junior Silver Miners ETF by 71.4% in the second quarter. TD Waterhouse Canada Inc. now owns 2,400 shares of the company’s stock worth $62,000 after purchasing an additional 1,000 shares during the last quarter.

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.