Miller Value Partners Leverage ETF (NYSEARCA:MVPL) Sees Large Drop in Short Interest

Miller Value Partners Leverage ETF (NYSEARCA:MVPL) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 403 shares, a drop of 53.7% from the June 30th total of 871 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 376 shares, the short-interest ratio is presently 1.1 days.

Miller Value Partners Leverage ETF Stock Up 0.6%

NYSEARCA:MVPL traded up $0.24 during trading hours on Tuesday, hitting $41.56. 1,145 shares of the company’s stock traded hands, compared to its average volume of 453. Miller Value Partners Leverage ETF has a twelve month low of $32.03 and a twelve month high of $43.95. The stock’s fifty day moving average price is $42.24 and its two-hundred day moving average price is $38.74.

Miller Value Partners Leverage ETF Company Profile

The Miller Value Partners Leverage ETF (MVPL) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages exposure to the S&P 500 Index using leveraged and unleveraged positions based on a daily trading signal from the adviser’s proprietary model. MVPL was launched on Feb 28, 2024 and is issued by Miller.