Short Interest in Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Expands By 128.2%

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 29,900 shares, an increase of 128.2% from the October 15th total of 13,100 shares. Based on an average daily trading volume, of 42,100 shares, the short-interest ratio is presently 0.7 days.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Performance

Shares of SKRE traded down $0.33 during mid-day trading on Wednesday, reaching $11.27. 27,533 shares of the company’s stock traded hands, compared to its average volume of 46,295. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a 12 month low of $11.13 and a 12 month high of $30.36. The business’s 50-day moving average price is $16.57 and its 200-day moving average price is $20.51.

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.