Principal U.S. Mega-Cap Multi-Factor Index ETF (NASDAQ:USMC) Short Squeeze

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Over the past twenty days of trading, Principal U.S. Mega-Cap Multi-Factor Index ETF (NASDAQ: USMC), from March 20, 2020 to April 17, 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 USMC Short Squeeze.


Principal U.S. Mega-Cap Multi-Factor Index ETF (NASDAQ: USMC) Short Squeeze Analysis

During the last five days of trading, from April 13, 2020 to April 17, 2020 USMC had a staggering 189,661 shares shorted while trading a total of 250,043 shares as show the on USMC short page.

The last ten days of trading, from April 03, 2020 to April 17, 2020 USMC had a staggering 333,873 shares shorted while trading a total of 753,628 shares as show the on USMC short page.

Over the last twenty days of trading, from March 20, 2020 to April 17, 2020 USMC had a staggering 1,104,380 shares shorted while trading a total of 2,918,287 shares as show the on USMC short page.

According to our proprietary algorithm during the last five trading days there were 4 short days, 1 days with no change but 0 cover days. Over the last ten trading days there were 6 short days, 1 days with no change but 3 cover days. The last twenty trading days there were 9 short day, 4 days with no change but 7 cover days.


Principal U.S. Mega-Cap Multi-Factor Index ETF (NASDAQ: USMC) 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 USMC Short Squeeze.


Principal U.S. Mega-Cap Multi-Factor Index ETF (NASDAQ: USMC) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume1,104,380
Total Actual Volume2,918,287
Total Volume Discrepancy1,372,709

Short Trends

Cover Days7
Short Days9
No Change Days4

Averages

Average Volume Discrepancy68,635
Average Short Volume55,219
Average Short Percentage53%

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 Principal U.S. Mega-Cap Multi-Factor Index ETF (NASDAQ: USMC) and doed not buy, sell, or trade any shares of USMC. This article does not provide a professional analysis of a (USMC) financial position. (USMC) financial position and all other information regarding the featured Company should be verified directly with (USMC). Please read our full disclaimer for more detailed information.