From what I have noticed in these reverse ETFs (BBOZ, SNAS, BBUS etc), they seem to be used as a means of hiding the true intent by increasing volumes but hiding them as shorts. Therefore, a major jump in volume occurred with BBOZ yesterday with 6.5m shares turned over but only 13% of total volume was shorted. Conversely, SNAS and BBUS were around 38% and 45% shorted respectively. I also wonder if the shorting is closed out at the end of the day especially on the US reverse ETFs and therefore the majority of the volumes are probably invalid.
Is this a psychological means to infect the markets too
Look at the volume and the timing on BBOZ and overall, it might not be a signal that the markets are coming down, but maybe buying at the lows as the XJO has reached its top?
From what I have noticed in these reverse ETFs (BBOZ, SNAS, BBUS...
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Last
8,199.5 |
Change
67.700(0.83%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,131.8 | 8,224.2 | 8,131.8 |
| XJO (ASX) Chart |