RE:RE:RE:RE:RE:RE:RE:RE:RE:Don't sellEven with 75% of float sold short, VXX is not in dangerous short squeeze territory. Days to cover is only 1.5. With high volume, the trades are changing hands frequently, reducing impact of short covering. The 75% are the smart traders sharing the big money lost by the remaining 25% losers. The negative price action on HVU is not a good sign.
Steven1 wrote: The only silver lining in all this is that VIX futures open interest short positions are at record highs. Any sign of volatility will likely cause short covering and drive up VIX futures. Not only futures, but short covering of UVXY and other volatility ETF’s. We could see HVU hit 8-10.
The big question is what will the VIX do after