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

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 66,600 shares, an increase of 209.8% from the March 15th total of 21,500 shares. Based on an average daily volume of 35,600 shares, the short-interest ratio is presently 1.9 days. Currently, 23.8% of the company’s shares are short sold.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Performance

NASDAQ SKRE traded down $0.09 on Wednesday, reaching $16.62. The company had a trading volume of 8,806 shares, compared to its average volume of 44,373. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a fifty-two week low of $10.19 and a fifty-two week high of $29.25. The business has a 50 day moving average of $14.37 and a two-hundred day moving average of $13.81.

About Tuttle Capital Daily 2X Inverse Regional Banks ETF

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.