Short Interest in Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Grows By 209.8%

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 66,600 shares, an increase of 209.8% from the March 15th total of 21,500 shares. Based on an average daily trading volume, of 35,600 shares, the short-interest ratio is presently 1.9 days. Currently, 23.8% of the company’s stock are short sold.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Performance

Shares of SKRE traded down $0.86 during trading hours on Tuesday, hitting $16.49. 5,554 shares of the company were exchanged, compared to its average volume of 44,391. The firm’s 50 day moving average is $14.26 and its 200-day moving average is $13.79. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a 52 week low of $10.19 and a 52 week high of $29.25.

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.