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 significant increase in short interest in October. As of October 15th, there was short interest totalling 13,100 shares, an increase of 235.9% from the September 30th total of 3,900 shares. Based on an average trading volume of 49,800 shares, the short-interest ratio is currently 0.3 days.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Trading Up 4.1 %

Tuttle Capital Daily 2X Inverse Regional Banks ETF stock traded up $0.64 during mid-day trading on Friday, reaching $16.40. The stock had a trading volume of 22,811 shares, compared to its average volume of 45,694. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a fifty-two week low of $15.05 and a fifty-two week high of $30.36. The stock’s 50-day simple moving average is $17.58 and its 200-day simple moving average is $21.78.

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.