ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Squeeze

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Over the past twenty days of trading, ProShares UltraPro QQQ (NASDAQ: TQQQ), from November 07, 2019 to December 05, 2019 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 TQQQ Short Squeeze.


ProShares UltraPro QQQ (NASDAQ: TQQQ) Short Squeeze Analysis

During the last five days of trading, from November 29, 2019 to December 05, 2019 TQQQ had a staggering 6,735,420 shares shorted while trading a total of 66,993,038 shares as show the on TQQQ short page.

The last ten days of trading, from November 21, 2019 to December 05, 2019 TQQQ had a staggering 10,973,293 shares shorted while trading a total of 119,085,132 shares as show the on TQQQ short page.

Over the last twenty days of trading, from November 07, 2019 to December 05, 2019 TQQQ had a staggering 21,416,752 shares shorted while trading a total of 253,405,072 shares as show the on TQQQ short page.

According to our proprietary algorithm during the last five trading days there were 3 short days, 2 days with no change but 0 cover days. Over the last ten trading days there were 3 short days, 7 days with no change but 0 cover days. The last twenty trading days there were 3 short day, 16 days with no change but 1 cover days.


ProShares UltraPro QQQ (NASDAQ: TQQQ) 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 TQQQ Short Squeeze.


ProShares UltraPro QQQ (NASDAQ: TQQQ) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume21,416,752
Total Actual Volume253,405,072
Total Volume Discrepancy203,662,975

Short Trends

Cover Days1
Short Days3
No Change Days16

Averages

Average Volume Discrepancy10,183,148
Average Short Volume1,070,837
Average Short Percentage43%

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