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

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 5,800 shares, a decline of 64.8% from the August 15th total of 16,500 shares. Based on an average trading volume of 62,800 shares, the days-to-cover ratio is presently 0.1 days.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Trading Down 0.3 %

SKRE traded down $0.06 during midday trading on Thursday, reaching $19.27. 90,939 shares of the company’s stock traded hands, compared to its average volume of 47,448. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a 52 week low of $16.29 and a 52 week high of $30.36. The firm has a fifty day moving average of $19.33 and a two-hundred day moving average of $23.69.

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.