Short Interest in Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Grows By 253.7%

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 35,000 shares, an increase of 253.7% from the June 15th total of 9,894 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average trading volume of 29,286 shares, the short-interest ratio is presently 1.2 days.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Price Performance

SKRE stock opened at $6.24 on Monday. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a 52-week low of $6.00 and a 52-week high of $12.37. The company’s 50-day simple moving average is $7.09 and its 200-day simple moving average is $7.79.

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. SKRE was launched on Jan 3, 2024 and is issued by Tuttle Capital Management.