IQV· IQVIA

Dark pool · off-exchange short volume

Dark pool as of 2026-11-04 · latest session 2026-11-05

IQV's off-exchange short-volume ratio was 33.0% on 4 Nov 2026, below its 20-day average of 40.1%. Off-exchange trading was 42% of volume over the last 20 sessions. 8 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 27 Oct 2026.

Short ratio (latest)

33.0%

20-day average

40.1%

Off-exchange share (20d)

42%

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

283.60

0.26B

278.35

0.75B

273.09

1.75B

267.84

3.14B

262.59

3.34B

257.34

3.27B

252.09

2.78B

246.83

4.77B

241.58

6.94B

236.33

6.54B

231.08

6.83B

225.83

6.06B

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.