Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Short Interest Up 40.4% in March

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,192,141 shares, an increase of 40.4% from the March 15th total of 1,560,956 shares. Based on an average daily trading volume, of 8,476,452 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.6% of the company’s stock are sold short.

Amplify Junior Silver Miners ETF Price Performance

Shares of SILJ stock opened at $31.87 on Friday. Amplify Junior Silver Miners ETF has a 1-year low of $11.57 and a 1-year high of $41.10. The stock’s fifty day moving average price is $32.64 and its 200 day moving average price is $28.98. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 25.57 and a beta of 0.92.

Hedge Funds Weigh In On Amplify Junior Silver Miners ETF

Several hedge funds have recently modified their holdings of SILJ. Group One Trading LLC acquired a new position in shares of Amplify Junior Silver Miners ETF during the fourth quarter valued at about $103,932,000. Electrum Group LLC acquired a new position in shares of Amplify Junior Silver Miners ETF during the fourth quarter valued at about $29,126,000. UBS Group AG increased its holdings in shares of Amplify Junior Silver Miners ETF by 427.3% during the fourth quarter. UBS Group AG now owns 1,147,074 shares of the company’s stock valued at $31,740,000 after acquiring an additional 929,543 shares in the last quarter. Capital Fund Management S.A. increased its holdings in shares of Amplify Junior Silver Miners ETF by 425.8% during the third quarter. Capital Fund Management S.A. now owns 836,576 shares of the company’s stock valued at $19,317,000 after acquiring an additional 677,480 shares in the last quarter. Finally, Grand Central Investment Group acquired a new position in shares of Amplify Junior Silver Miners ETF during the fourth quarter valued at 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.