Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Shares Down 2.1% – Should You Sell?

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE)’s stock price was down 2.1% during trading on Wednesday . The company traded as low as $6.42 and last traded at $6.46. Approximately 24,174 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 98,728 shares. The stock had previously closed at $6.60.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Down 1.6%

The company has a fifty day moving average of $7.32 and a two-hundred day moving average of $7.97.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Company Profile

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.