Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Stock Jumps 3.7% – Still a Buy?

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE – Get Free Report)’s stock price shot up 3.7% during mid-day trading on Wednesday. The stock traded as high as $7.36 and last traded at $7.27. 35,722 shares changed hands during trading, a decline of 53% from the average session volume of 75,328 shares. The stock had previously closed at $7.01.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Performance

The business’s fifty day moving average price is $6.42 and its 200 day moving average price is $6.93.

About Tuttle Capital Daily 2X Inverse Regional Banks ETF

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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. SKRE was launched on Jan 3, 2024 and is issued by Tuttle Capital Management.

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