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 February. As of February 28th, there was short interest totalling 13,900 shares, an increase of 35.0% from the February 13th total of 10,300 shares. Approximately 4.1% of the company’s shares are sold short. Based on an average trading volume of 32,200 shares, the days-to-cover ratio is presently 0.4 days.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Price Performance

SKRE traded up $0.18 during trading hours on Tuesday, reaching $14.73. 8,354 shares of the company’s stock traded hands, compared to its average volume of 44,136. The firm has a 50-day moving average price of $12.76 and a 200 day moving average price of $14.07. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a 52-week low of $10.19 and a 52-week high of $29.25.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were issued a dividend of $0.4202 per share. The ex-dividend date of this dividend was Tuesday, December 24th.

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.