Short Interest in Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Expands By 54.7%

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 21,500 shares, an increase of 54.7% from the February 28th total of 13,900 shares. Currently, 6.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 31,700 shares, the days-to-cover ratio is currently 0.7 days.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Performance

Shares of NASDAQ SKRE opened at $14.46 on Tuesday. The stock’s 50-day simple moving average is $12.99 and its two-hundred day simple moving average is $13.79. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a twelve month low of $10.19 and a twelve month 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.