VLTO

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

39.4%

20-day average

43.1%

Off-exchange share (20d)

37%

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

94.27

1.06B

92.61

1.16B

90.96

1.22B

89.31

1.69B

87.65

1.70B

86.00

1.87B

84.34

0.53B

82.69

0.50B

81.04

0.34B

79.38

0.30B

77.73

0.54B

76.07

1.27B

74.42

1.16B

72.77

1.33B

71.11

0.59B

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.