XOP· SPDR S&P Oil & Gas Exploration & Production ETF

Dark pool · off-exchange short volume

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

XOP's off-exchange short-volume ratio was 56.5% on 4 Nov 2026, below its 20-day average of 58.6%. Off-exchange trading was 30% of volume over the last 20 sessions. 4 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 30 Oct 2026.

Short ratio (latest)

56.5%

20-day average

58.6%

Off-exchange share (20d)

30%

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

206.84

0.03B

203.01

0.64B

199.18

1.39B

195.35

1.72B

191.52

1.78B

187.69

1.38B

183.86

1.86B

180.03

1.27B

176.20

1.16B

172.37

1.14B

168.54

1.25B

164.71

0.92B

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.