Miller Value Partners Leverage ETF (NYSEARCA:MVPL) Shares Shorted: Short Interest Up 3,842.4% in October

Miller Value Partners Leverage ETF (NYSEARCA:MVPL) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 12,734 shares, a growth of 3,842.4% from the October 15th total of 323 shares. Based on an average daily volume of 4,698 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.7% of the shares of the company are sold short.

Miller Value Partners Leverage ETF Trading Down 0.4%

NYSEARCA MVPL opened at $40.92 on Wednesday. Miller Value Partners Leverage ETF has a 1-year low of $32.95 and a 1-year high of $45.78. The company has a 50 day moving average of $43.79 and a 200-day moving average of $40.75. The company has a market cap of $29.87 million, a price-to-earnings ratio of 25.49 and a beta of 1.77.

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.