Miller Value Partners Leverage ETF (NYSEARCA:MVPL) Short Interest Up 1,139.4% in May

Miller Value Partners Leverage ETF (NYSEARCA:MVPL) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 409 shares, an increase of 1,139.4% from the May 14th total of 33 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 154 shares, the days-to-cover ratio is currently 2.7 days.

Miller Value Partners Leverage ETF Stock Performance

Shares of MVPL stock traded down $0.29 during trading on Tuesday, reaching $41.28. The company’s stock had a trading volume of 1,096 shares, compared to its average volume of 404. The business has a fifty day moving average price of $39.58 and a 200-day moving average price of $37.41. Miller Value Partners Leverage ETF has a one year low of $29.49 and a one year high of $43.95.

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.