Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Short Interest Update

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 2,500 shares, a drop of 49.0% from the May 15th total of 4,900 shares. Based on an average trading volume of 31,400 shares, the short-interest ratio is presently 0.1 days. Currently, 1.0% of the shares of the stock are sold short.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Price Performance

Shares of Tuttle Capital Daily 2X Inverse Regional Banks ETF stock traded down $0.16 during trading on Monday, hitting $13.33. 11,587 shares of the company’s stock traded hands, compared to its average volume of 32,625. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a twelve month low of $10.19 and a twelve month high of $29.06. The firm’s fifty day moving average price is $14.21 and its 200 day moving average price is $13.53.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Company Profile

The Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) is an exchange-traded fund that is based on the S&P Regional Banks Select Industry index. The fund is an actively managed fund-of-funds aiming to achieve 2x the return, for a single day, of the SPDR S&P Regional Banking ETF (KRE) through swap agreements with major global financial institutions.