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

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 35,000 shares, an increase of 253.7% from the June 15th total of 9,894 shares. Based on an average daily volume of 29,286 shares, the short-interest ratio is presently 1.2 days. Currently, 4.2% of the company’s shares are sold short.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Down 0.6%

Shares of NASDAQ:SKRE traded down $0.04 during trading on Tuesday, hitting $6.20. 5,290 shares of the company’s stock were exchanged, compared to its average volume of 91,193. The firm has a 50-day moving average price of $7.06 and a two-hundred day moving average price of $7.77. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a 1-year low of $6.00 and a 1-year high of $12.37.

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.