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

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) shares dropped 5.5% on Monday. The company traded as low as $27.38 and last traded at $27.60. Approximately 3,884,699 shares changed hands 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 Price Performance

The firm’s fifty day moving average is $29.24 and its two-hundred day moving average is $28.97. The firm has a market capitalization of $3.59 billion, a PE ratio of 25.57 and a beta of 0.95.

Hedge Funds Weigh In On Amplify Junior Silver Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SILJ. Group One Trading LLC purchased a new stake in shares of Amplify Junior Silver Miners ETF during the 4th quarter valued at $103,932,000. Electrum Group LLC bought a new stake in shares of Amplify Junior Silver Miners ETF during the 4th quarter worth $29,126,000. Brandywine Financial Group purchased a new position in shares of Amplify Junior Silver Miners ETF in the 1st quarter worth about $13,594,000. Simplex Trading LLC purchased a new position in shares of Amplify Junior Silver Miners ETF in the 4th quarter worth about $11,583,000. Finally, PNC Financial Services Group Inc. grew its position in Amplify Junior Silver Miners ETF by 5,945.3% during the first quarter. PNC Financial Services Group Inc. now owns 334,426 shares of the company’s stock valued at $9,939,000 after buying an additional 328,894 shares during the period.

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.