Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Sees Significant Decrease in Short Interest

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 7,034 shares, a drop of 75.6% from the April 30th total of 28,802 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 45,938 shares, the short-interest ratio is currently 0.2 days.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Performance

Shares of SKRE traded down $0.01 during mid-day trading on Friday, hitting $7.45. The company’s stock had a trading volume of 25,301 shares, compared to its average volume of 108,921. The firm has a 50-day moving average price of $7.93 and a 200 day moving average price of $8.42. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a fifty-two week low of $6.87 and a fifty-two week high of $13.78.

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. SKRE was launched on Jan 3, 2024 and is issued by Tuttle Capital Management.