MA

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

32.2%

20-day average

34.0%

Off-exchange share (20d)

38%

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

557.74

28.7B

547.95

22.5B

538.17

18.5B

528.38

23.4B

518.60

25.8B

508.81

18.9B

499.03

24.8B

489.24

17.5B

479.46

7.14B

469.68

8.80B

459.89

9.20B

450.11

13.2B

440.32

11.6B

430.54

6.47B

420.75

4.48B

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.