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

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 13,100 shares, a growth of 235.9% from the September 30th total of 3,900 shares. Based on an average daily trading volume, of 49,800 shares, the short-interest ratio is currently 0.3 days.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Performance

NASDAQ:SKRE traded up $0.58 during trading hours on Friday, reaching $16.34. The company had a trading volume of 27,146 shares, compared to its average volume of 45,715. The stock has a 50-day moving average of $17.45 and a two-hundred day moving average of $21.68. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a one year low of $15.05 and a one year high of $30.36.

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.