Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Stock Price Down 5.5% – Time to Sell?

Shares of Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) fell 5.5% during trading on Monday. The company traded as low as $27.38 and last traded at $27.60. Approximately 3,884,699 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 6,434,143 shares. The stock had previously closed at $29.22.

Amplify Junior Silver Miners ETF Trading Down 5.5%

The stock’s fifty day moving average price is $29.19 and its 200 day moving average price is $29.01. The stock has a market cap of $3.60 billion, a P/E ratio of 25.57 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC bought a new position in Amplify Junior Silver Miners ETF in the fourth quarter valued at $103,932,000. Electrum Group LLC bought a new stake in Amplify Junior Silver Miners ETF during the fourth quarter worth about $29,126,000. WIT Partners Advisory Pte. Ltd. boosted its holdings in shares of Amplify Junior Silver Miners ETF by 51.4% in the 2nd quarter. WIT Partners Advisory Pte. Ltd. now owns 583,370 shares of the company’s stock worth $15,121,000 after purchasing an additional 197,931 shares in the last quarter. Brandywine Financial Group purchased a new position in shares of Amplify Junior Silver Miners ETF in the 1st quarter worth about $13,594,000. Finally, Simplex Trading LLC purchased a new position in shares of Amplify Junior Silver Miners ETF in the 4th quarter worth about $11,583,000.

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.