Short Interest in Miller Value Partners Leverage ETF (NYSEARCA:MVPL) Expands By 787.9%

Miller Value Partners Leverage ETF (NYSEARCA:MVPL) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 4,608 shares, a growth of 787.9% from the July 30th total of 519 shares. Based on an average daily trading volume, of 1,185 shares, the days-to-cover ratio is currently 3.9 days. Approximately 0.8% of the shares of the company are short sold.

Miller Value Partners Leverage ETF Stock Performance

MVPL remained flat at $44.13 during midday trading on Wednesday. 8,610 shares of the company’s stock traded hands, compared to its average volume of 1,254. The firm has a 50 day moving average of $42.90 and a 200-day moving average of $39.76. Miller Value Partners Leverage ETF has a 1-year low of $32.95 and a 1-year high of $45.75.

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.