CMS· CMS Energy
Dark pool · off-exchange short volume
Short ratio (latest)
58.5%
20-day average
56.5%
Off-exchange share (20d)
33%
Darkpool density
big day, short ratio above trendbelow trendbubble size = how unusual ($vol z-score)
Last ~6 months. Bubbles mark days of unusually large off-exchange dollar volume (≥1.5σ vs the trailing 60 days). Daily resolution — not print-level data.
Darkpool levels ±15% of spot, since 2018-10-01
76.55
1.91B
75.21
2.07B
73.87
2.50B
72.52
2.95B
71.18
4.96B
69.84
4.87B
68.49
3.36B
67.15
2.70B
65.81
1.42B
64.46
1.81B
63.12
1.88B
61.78
1.13B
60.44
1.02B
59.09
1.17B
57.75
1.48B
Historical off-exchange $ volume at price: each day's volume spread across that day's range, summed over the full FINRA history. Heavy shelves often act as support/resistance magnets. Amber row = spot's bin.
Off-exchange short-volume ratio
short ratio (20d, right) daily off-exchange share (left)
FINRA daily TRF data, last 2 years. A persistently HIGH short ratio is mostly passive market-maker liquidity provision (commonly read as accumulation pressure) — not naively bearish.