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

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 21,500 shares, a growth of 54.7% from the February 28th total of 13,900 shares. Approximately 6.3% of the shares of the company are sold short. Based on an average 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 Down 1.2 %

Shares of NASDAQ:SKRE traded down $0.17 on Monday, hitting $14.52. The stock had a trading volume of 20,434 shares, compared to its average volume of 43,949. The firm’s 50 day moving average price is $12.94 and its 200-day moving average price is $13.82. 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.