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

Shares of Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) gapped down prior to trading 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 changing hands.

Amplify Junior Silver Miners ETF Stock Performance

The company’s 50-day simple moving average is $13.19 and its 200 day simple moving average is $12.38. The company has a market cap of $882.93 million, a PE ratio of 0.87 and a beta of 1.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Insigneo Advisory Services LLC acquired a new stake in Amplify Junior Silver Miners ETF in the 2nd quarter valued at about $2,096,000. Quadrature Capital Ltd purchased a new stake in shares of Amplify Junior Silver Miners ETF during the third quarter worth approximately $1,504,000. Commonwealth Equity Services LLC raised its holdings in 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 acquiring an additional 105,421 shares in the last quarter. PCG Wealth Advisors LLC grew its holdings 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 in the last quarter. Finally, Truist Financial Corp acquired a new position in Amplify Junior Silver Miners ETF during the 2nd quarter worth approximately $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.