ProShares Ultra Oil & Gas (NYSE:DIG) Short Squeeze

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Over the past twenty days of trading, ProShares Ultra Oil & Gas (NYSE: DIG), from March 26, 2020 to April 23, 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 DIG Short Squeeze.


ProShares Ultra Oil & Gas (NYSE: DIG) Short Squeeze Analysis

During the last five days of trading, from April 17, 2020 to April 23, 2020 DIG had a staggering 413,283 shares shorted while trading a total of 6,878,888 shares as show the on DIG short page.

The last ten days of trading, from April 09, 2020 to April 23, 2020 DIG had a staggering 1,063,976 shares shorted while trading a total of 17,198,761 shares as show the on DIG short page.

Over the last twenty days of trading, from March 26, 2020 to April 23, 2020 DIG had a staggering 2,149,137 shares shorted while trading a total of 37,135,714 shares as show the on DIG short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 2 days with no change but 1 cover days. Over the last ten trading days there were 4 short days, 5 days with no change but 1 cover days. The last twenty trading days there were 9 short day, 8 days with no change but 3 cover days.


ProShares Ultra Oil & Gas (NYSE: DIG) 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 DIG Short Squeeze.


ProShares Ultra Oil & Gas (NYSE: DIG) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume2,149,137
Total Actual Volume37,135,714
Total Volume Discrepancy32,525,662

Short Trends

Cover Days3
Short Days9
No Change Days8

Averages

Average Volume Discrepancy1,626,283
Average Short Volume107,456
Average Short Percentage46%

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 ProShares Ultra Oil & Gas (NYSE: DIG) and doed not buy, sell, or trade any shares of DIG. This article does not provide a professional analysis of a (DIG) financial position. (DIG) financial position and all other information regarding the featured Company should be verified directly with (DIG). Please read our full disclaimer for more detailed information.