Direxion Daily Junior Gold Miners Index Bull 2X SharesArca
Description
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+30% shorts, on interesting level, clear stop.
Comments
Matce
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at what level are the shorts? I cant see it on your charts.
thanks so much!
marttrader
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@Matce, Hi, I am sorry that there is not much description, the shorts % is the % of total shorts / float, you can see it on yahoo finance, it does not give the levels but a good indication for a futur short squeeze.
Thanks for following!
Matce
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@marttrader, hey, thanks for the reply... I'm on yahoo but I cant find it, could you maybe give me a hint? I'm in JNUG 25k at 6.67 - trying to find out if I have to prepare for averaging down ...
thanks
marttrader
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@Matce, The stats are not available on yahoo I think because it's a "NYSE ARCA" stock, but if you go there : nakedshortreport.com/?index=JNUG you will see that 50% of the today's volume has been short. It's not sure, but for me, it's an indication that we could see a strong upside soon, I am looking to go long with that stock.
Matce
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@marttrader, thanks so much, found it. yeah 50% short covering should mean a nice upside - hopefully tomorrow. thanks again!
marttrader
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@Matce, :) if you are long 25k shares, I'm really hoping for you for an upside!
thanks so much!