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

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) shares 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 Down 3.0 %

The company’s 50-day moving average is $13.19 and its 200-day moving average is $12.38. The stock has a market capitalization of $882.93 million, a price-to-earnings ratio of 0.87 and a beta of 1.29.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI raised its stake in shares of Amplify Junior Silver Miners ETF by 61.5% in the 3rd quarter. National Bank of Canada FI now owns 5,759 shares of the company’s stock valued at $74,000 after acquiring an additional 2,192 shares during the period. JTC Employer Solutions Trustee Ltd purchased a new position in Amplify Junior Silver Miners ETF during the 3rd quarter valued at about $107,000. Banque Cantonale Vaudoise acquired a new position in Amplify Junior Silver Miners ETF in the 2nd quarter valued at about $136,000. J.W. Cole Advisors Inc. purchased a new stake in Amplify Junior Silver Miners ETF during the third quarter worth about $173,000. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of Amplify Junior Silver Miners ETF during the second quarter worth about $182,000.

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.