“Part of what we do is not only analysis and helping managers to access tangible and timely trade ideas, but also to add liquidity in your prototypical ‘low volume’ ETF products so that managers are already “in” the product before it perhaps has its day in the sun. SILJ for example in the past few sessions has traded more than 3X its normal trading volume and is hitting new ‘radars’ on a daily basis now thanks to the uptick in activity. We doubt it will remain a ‘small’ and under-covered fund for long,” adds Weisbruch.
In confirmation of SILJ’s potency relative to its large-cap counterparts, the ETF’s 33.4% June gain is well in excess of the average June pop of 21.5% for the Global X Silvers Miners ETF (NYSEARca: SIL) and the iShares MSCI Global Silver Miners ETF (NYSEArca: SLVP).
That spread is slightly wider than the June gap between the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) and the Market Vectors Gold Miners ETF (NYSEArca: GDX). GDXJ is up 27.6% this month while GDX is higher by 16.5%.
PureFunds ISE Junior Silver Small Cap Miners/Explorers ETF
Tom Lydon’s clients own shares of SLV.