Gun auction platforms are reporting a significant price increase for bump stocks just hours after President Donald Trump directed the Justice Department to move to ban similar devices, Bloomberg reported.

A bump stock is an attachment that allows a semi-automatic rifle to mimic a fully automatic weapon’s “cyclic firing rate to mimic nearly continuous automatic fire,” according to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).

“We must do more to protect our children,” Trump said, adding that his administration was working hard to respond to the shooting in Parkland, Fla., that left 17 dead.

“Whether we are Republican or Democrat, we must now focus on strengthening Background Checks!”

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