What the institutional money is doing on TKO right now — dark pool, options positioning, and where the news and the money disagree. Free.
The money right now
Dark pool share
36.5% (market avg 51%)
Dark pool volume vs its norm
0.6×
Short share of that
72.4% (norm 58%)
Dark pool share: Off-exchange volume was quiet at 0.6× its norm
Off-exchange prints never touch the public book, so they move size without moving the quote. That is the point of using them. Large players were quiet in this name today. The share (36.5%) may look normal, but the absolute size behind it was thin.
Source: FINRA · prior close · 2026-08-28
What it means: TKO shows institutional distribution: off-exchange volume is running well below normal (56% of its 20-day average), and short selling in dark pools sits 14.9 points above this name's own baseline, signaling trimming rather than accumulation. Options positioning is balanced but defensive—call-to-put ratio near 0.44 leans protective, and squeeze pressure is minimal.
News vs the money
⚡ DIVERGENCEAnalyst calls TKO a buy on WWE and UFC strength
The bullish call conflicts with what institutional money is doing: large orders are being worked off-exchange with elevated short selling, a pattern consistent with insiders or large holders trimming positions, not fresh buying.
Seeking Alpha
TKO management to speak at Goldman Sachs tech conference
The conference appearance is neutral on its own, but it arrives as dark-pool data shows distribution regime and short selling above norm—suggesting management may be speaking to a skeptical or exiting institutional base.
GuruFocus
TKO management to speak at Goldman Sachs tech conference
No new money signal; the distribution regime and elevated short selling in dark pools remain the dominant institutional positioning.
Business Wire
Taseko Mines reports record Q2 revenue and strong cash flow
This story ticker (Taseko, TSE: TKO) does not match the money data provided (NYSE: TKO = TKO Group Holdings); no valid comparison can be made.
MarketBeat
Major fund Amundi cuts TKO stake by 83% in Q1
Amundi's massive exit aligns directly with the current dark-pool distribution regime and elevated short selling—institutional money is leaving, not entering.
Defense World
What is a “divergence”?
A divergence is when the news narrative and the institutional money flow point in opposite directions — a bearish headline while large call premium is bought, or heavy dark-pool selling under a bullish story. It signals the crowd and the desks may disagree.
How to read these numbers
Dark-pool volume — The share of trading executed off-exchange, at wholesalers and dark pools. About half of all US share volume prints there on an ordinary day, so the level by itself says almost nothing. What carries information is the distance from this name’s own recent norm, and whether the off-exchange size ran above its usual.
Off-exchange short share — How much of that off-exchange volume was sold short. The median across all listed names is about 49%, because wholesalers filling retail buy orders sell short and cover later. A reading near half is plumbing, not a bearish vote — compare it to the same name’s own 20-day norm.
Max pain — The price where the most options expire worthless — positioning often gravitates toward it near expiry.
Call wall / Put floor — Strikes with the heaviest call/put open interest — they often act as short-term resistance and support.
Put/Call ratio — Below ~0.7 leans bullish (more calls); above ~1 leans defensive (more puts).