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

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

Tuttle Capital Daily 2X Inverse Regional Banks ETF Trading Down 0.1%

Shares of NASDAQ:SKRE traded down $0.01 during trading on Friday, hitting $7.45. 25,301 shares of the company’s stock traded hands, compared to its average volume of 108,921. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a 52 week low of $6.87 and a 52 week high of $13.78. The company has a 50-day moving average price of $7.89 and a 200-day moving average price of $8.42.

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.