Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Shares Down 5.9% – Should You Sell?

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ)’s share price dropped 5.9% during trading on Wednesday . The company traded as low as $29.52 and last traded at $29.66. Approximately 1,887,658 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 11,118,682 shares. The stock had previously closed at $31.53.

Amplify Junior Silver Miners ETF Stock Performance

The company has a fifty day moving average of $34.52 and a two-hundred day moving average of $27.64. The company has a market cap of $4.77 billion, a PE ratio of 25.57 and a beta of 0.79.

Institutional Investors Weigh In On Amplify Junior Silver Miners ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SILJ. Group One Trading LLC purchased a new position in shares of Amplify Junior Silver Miners ETF during the 4th quarter worth about $103,932,000. Electrum Group LLC bought a new position in Amplify Junior Silver Miners ETF during the 4th quarter valued at about $29,126,000. UBS Group AG raised its position in Amplify Junior Silver Miners ETF by 427.3% in the 4th quarter. UBS Group AG now owns 1,147,074 shares of the company’s stock worth $31,740,000 after purchasing an additional 929,543 shares during the period. Capital Fund Management S.A. lifted its stake in Amplify Junior Silver Miners ETF by 425.8% in the third quarter. Capital Fund Management S.A. now owns 836,576 shares of the company’s stock worth $19,317,000 after purchasing an additional 677,480 shares during the last quarter. Finally, Grand Central Investment Group bought a new stake in Amplify Junior Silver Miners ETF in the fourth quarter worth about $15,599,000.

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.