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

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

Miller Value Partners Leverage ETF Trading Up 0.6%

Shares of Miller Value Partners Leverage ETF stock traded up $0.26 during trading on Tuesday, reaching $44.13. The company’s stock had a trading volume of 8,610 shares, compared to its average volume of 1,254. The business’s fifty day moving average price is $42.90 and its 200-day moving average price is $39.76. Miller Value Partners Leverage ETF has a one year low of $32.95 and a one year high of $45.75.

About Miller Value Partners Leverage ETF

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.