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

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 13,900 shares, a growth of 35.0% from the February 13th total of 10,300 shares. Currently, 4.1% of the company’s shares are short sold. Based on an average daily trading volume, of 32,200 shares, the short-interest ratio is presently 0.4 days.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Down 4.9 %

Shares of SKRE stock traded down $0.76 during trading on Friday, hitting $14.76. 17,695 shares of the stock traded hands, compared to its average volume of 44,430. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a 52-week low of $10.19 and a 52-week high of $29.25. The firm’s fifty day moving average price is $12.73 and its 200-day moving average price is $14.11.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th were given a $0.4202 dividend. The ex-dividend date 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.