Miller Value Partners Leverage ETF (NYSEARCA:MVPL) Short Interest Up 787.9% in August

Miller Value Partners Leverage ETF (NYSEARCA:MVPL) was the target of a large increase in short interest in 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. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 1,185 shares, the days-to-cover ratio is presently 3.9 days.

Miller Value Partners Leverage ETF Price Performance

MVPL traded up $0.26 during midday trading on Tuesday, hitting $44.13. 8,610 shares of the company’s stock traded hands, compared to its average volume of 1,254. The stock’s fifty day simple moving average is $42.90 and its 200-day simple moving average is $39.76. Miller Value Partners Leverage ETF has a one year low of $32.95 and a one 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.