Direxion Daily S&P 500 Bull 3X Shares (NYSE:SPXL) Short Squeeze

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Over the past twenty days of trading, Direxion Daily S&P 500 Bull 3X Shares (NYSE: SPXL), from March 19, 2020 to April 16, 2020 there is a potential Short Squeeze about to happen because of an increase in short volume over the past twenty days with very little cover volume.

Because of this the Squeeze Report trend indicator issued a SPXL Short Squeeze.


Direxion Daily S&P 500 Bull 3X Shares (NYSE: SPXL) Short Squeeze Analysis

During the last five days of trading, from April 09, 2020 to April 16, 2020 SPXL had a staggering 12,153,816 shares shorted while trading a total of 170,372,914 shares as show the on SPXL short page.

The last ten days of trading, from April 02, 2020 to April 16, 2020 SPXL had a staggering 26,379,247 shares shorted while trading a total of 376,336,546 shares as show the on SPXL short page.

Over the last twenty days of trading, from March 19, 2020 to April 16, 2020 SPXL had a staggering 65,903,136 shares shorted while trading a total of 832,476,663 shares as show the on SPXL short page.

According to our proprietary algorithm during the last five trading days there were 1 short days, 4 days with no change but 0 cover days. Over the last ten trading days there were 1 short days, 9 days with no change but 0 cover days. The last twenty trading days there were 2 short day, 18 days with no change but 0 cover days.


Direxion Daily S&P 500 Bull 3X Shares (NYSE: SPXL) Short Squeeze Result

The short indicator utilizes several factors before determining a result and because of these indications we have placed a short trend indicator of SPXL Short Squeeze.


Direxion Daily S&P 500 Bull 3X Shares (NYSE: SPXL) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume65,903,136
Total Actual Volume832,476,663
Total Volume Discrepancy684,882,885

Short Trends

Cover Days0
Short Days2
No Change Days18

Averages

Average Volume Discrepancy34,244,144
Average Short Volume3,295,156
Average Short Percentage44%

The Short Trend Indicator

Squeeze Reports short trend indicator utilizes several different trading factors including, short data, trade data, short analysis and short probability. So become a member of Squeeze Report if you want to to gain access or know more about the short trend indicator and other short trading tools.


Disclaimer

This article is for the purposes of solicitation subscriptions for Squeeze Report. The company Squeeze Report expects to generate new advertisement revenue resulting from the distribution of this article. The amount of which is unknown at this time. Squeeze Report or it’s authors do not own any shares of Direxion Daily S&P 500 Bull 3X Shares (NYSE: SPXL) and doed not buy, sell, or trade any shares of SPXL. This article does not provide a professional analysis of a (SPXL) financial position. (SPXL) financial position and all other information regarding the featured Company should be verified directly with (SPXL). Please read our full disclaimer for more detailed information.