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VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSE:UGAZ) Short Squeeze

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Over the past twenty days of trading, VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSE: UGAZ), from September 23, 2019 to October 18, 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 UGAZ Short Squeeze.


VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSE: UGAZ) Short Squeeze Analysis

During the last five days of trading, from October 14, 2019 to October 18, 2019 UGAZ had a staggering 9,487,469 shares shorted while trading a total of 95,567,672 shares as show the on UGAZ short page.

The last ten days of trading, from October 07, 2019 to October 18, 2019 UGAZ had a staggering 22,591,203 shares shorted while trading a total of 207,502,113 shares as show the on UGAZ short page.

Over the last twenty days of trading, from September 23, 2019 to October 18, 2019 UGAZ had a staggering 35,899,001 shares shorted while trading a total of 367,739,388 shares as show the on UGAZ short page.

According to our proprietary algorithm during the last five trading days there were 0 short days, 4 days with no change but 1 cover days. Over the last ten trading days there were 2 short days, 7 days with no change but 1 cover days. The last twenty trading days there were 3 short day, 15 days with no change but 2 cover days.


VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSE: UGAZ) 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 UGAZ Short Squeeze.


VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSE: UGAZ) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume35,899,001
Total Actual Volume367,739,388
Total Volume Discrepancy289,376,348

Short Trends

Cover Days2
Short Days3
No Change Days15

Averages

Average Volume Discrepancy14,468,817
Average Short Volume1,794,950
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 VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSE: UGAZ) and doed not buy, sell, or trade any shares of UGAZ. This article does not provide a professional analysis of a (UGAZ) financial position. (UGAZ) financial position and all other information regarding the featured Company should be verified directly with (UGAZ). Please read our full disclaimer for more detailed information.