Miller Value Partners Leverage ETF (NYSEARCA:MVPL) Sees Significant Growth in Short Interest

Miller Value Partners Leverage ETF (NYSEARCA:MVPL) was the target of a large growth in short interest during the month of 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. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 1,185 shares, the short-interest ratio is currently 3.9 days.

Miller Value Partners Leverage ETF Price Performance

Shares of Miller Value Partners Leverage ETF stock traded up $0.33 on Thursday, reaching $44.46. The company had a trading volume of 377 shares, compared to its average volume of 1,248. The firm’s 50-day moving average price is $42.95 and its two-hundred day moving average price is $39.82. Miller Value Partners Leverage ETF has a 1 year low of $32.95 and a 1 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.