VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER (NYSE:UWT) Short Squeeze

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Over the past twenty days of trading, VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER (NYSE: UWT), from September 25, 2019 to October 22, 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 UWT Short Squeeze.


VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER (NYSE: UWT) Short Squeeze Analysis

During the last five days of trading, from October 16, 2019 to October 22, 2019 UWT had a staggering 4,252,639 shares shorted while trading a total of 57,255,049 shares as show the on UWT short page.

The last ten days of trading, from October 09, 2019 to October 22, 2019 UWT had a staggering 10,376,650 shares shorted while trading a total of 129,598,174 shares as show the on UWT short page.

Over the last twenty days of trading, from September 25, 2019 to October 22, 2019 UWT had a staggering 29,810,657 shares shorted while trading a total of 293,295,942 shares as show the on UWT short page.

According to our proprietary algorithm during the last five trading days there were 0 short days, 3 days with no change but 2 cover days. Over the last ten trading days there were 0 short days, 6 days with no change but 4 cover days. The last twenty trading days there were 9 short day, 7 days with no change but 4 cover days.


VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER (NYSE: UWT) 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 UWT Short Squeeze.


VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER (NYSE: UWT) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume29,810,657
Total Actual Volume293,295,942
Total Volume Discrepancy230,502,517

Short Trends

Cover Days4
Short Days9
No Change Days7

Averages

Average Volume Discrepancy11,525,125
Average Short Volume1,490,532
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 VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER (NYSE: UWT) and doed not buy, sell, or trade any shares of UWT. This article does not provide a professional analysis of a (UWT) financial position. (UWT) financial position and all other information regarding the featured Company should be verified directly with (UWT). Please read our full disclaimer for more detailed information.