Short Interest in Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Drops By 49.0%

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 2,500 shares, a drop of 49.0% from the May 15th total of 4,900 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 31,400 shares, the short-interest ratio is presently 0.1 days.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Trading Up 5.5%

SKRE stock traded up $0.70 during midday trading on Friday, hitting $13.45. 27,490 shares of the company traded hands, compared to its average volume of 41,847. Tuttle Capital Daily 2X Inverse Regional Banks ETF has a twelve month low of $10.19 and a twelve month high of $29.06. The business has a 50 day simple moving average of $14.21 and a 200-day simple moving average of $13.51.

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.