VelocityShares 3x Long Gold ETN (NASDAQ:UGLD) Short Squeeze

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squeeze report news post

Over the past twenty days of trading, VelocityShares 3x Long Gold ETN (NASDAQ: UGLD), from December 02, 2019 to December 30, 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 UGLD Short Squeeze.


VelocityShares 3x Long Gold ETN (NASDAQ: UGLD) Short Squeeze Analysis

During the last five days of trading, from December 23, 2019 to December 30, 2019 UGLD had a staggering 63,195 shares shorted while trading a total of 290,252 shares as show the on UGLD short page.

The last ten days of trading, from December 16, 2019 to December 30, 2019 UGLD had a staggering 88,905 shares shorted while trading a total of 441,154 shares as show the on UGLD short page.

Over the last twenty days of trading, from December 02, 2019 to December 30, 2019 UGLD had a staggering 176,558 shares shorted while trading a total of 1,109,942 shares as show the on UGLD 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 8 short days, 2 days with no change but 0 cover days. The last twenty trading days there were 14 short day, 6 days with no change but 0 cover days.


VelocityShares 3x Long Gold ETN (NASDAQ: UGLD) 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 UGLD Short Squeeze.


VelocityShares 3x Long Gold ETN (NASDAQ: UGLD) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume176,558
Total Actual Volume1,109,942
Total Volume Discrepancy794,583

Short Trends

Cover Days0
Short Days14
No Change Days6

Averages

Average Volume Discrepancy39,729
Average Short Volume8,827
Average Short Percentage55%

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