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:SKREGet Free Report) 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

(Get Free Report)

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.

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