SLJY Breaks Through to New 52-Week High: Strategic Play in Silver-Covered Call Space

Amplify SILJ Covered Call ETF (SLJY.P) Hits 52-Week High Amid Strong Fund Flow and Leverage Strategy

The Amplify SILJ Covered Call ETF (SLJY.P) is an equity-focused ETF designed to generate monthly income through covered call premiums, with a specific emphasis on silver-related assets. With an expense ratio of 0.75% and a leverage ratio of 1.0x, the fund employs a long-only strategy to capitalize on the historically low correlation between silver and traditional stocks/bonds. On September 22, 2025, SLJY.P attracted significant institutional interest, with net fund flows of $447,514 from order tickets, $445,889 from block orders, and $443,521 from extra-large orders, indicating strong institutional accumulation.

Although no recent search results explain the 52-week high, the fund's unique positioning in the silver-covered call space may benefit from macroeconomic trends such as inflation hedging or renewed interest in alternative assets. However, this remains speculative without direct market commentary.

Technically, SLJY.P triggered a "dead cross" signal on its KDJ oscillator on September 24, 2025, a bearish divergence suggesting potential near-term weakness. Notably, the ETF failed to generate golden crosses on MACD, RSI, or KDJ indicators, and showed no signs of overbought or oversold conditions. This mixed technical profile highlights caution, as the dead cross could signal a distribution phase following its recent price peak.

Peer analysis reveals SLJY.P operates in a crowded leveraged ETF space. While it shares a 1.0x leverage ratio with peers like SPIB.P ($11B AUM) and SPTI.P ($9B AUM), its 0.75% expense ratio is above the median of the group. Smaller peers like TAFL.P ($32M AUM) and SSFI.P ($37M AUM) offer lower fees but significantly reduced liquidity. The average AUM of $3.6B among peers suggests SLJY.P's $31.63 price point represents a mid-tier opportunity with moderate scale.

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