Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Shares Down 3.8% – Here’s Why

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) shares traded down 3.8% on Thursday . The stock traded as low as $8.10 and last traded at $8.20. 88,203 shares changed hands during trading, an increase of 76% from the average session volume of 50,120 shares. The stock had previously closed at $8.52.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Price Performance

The company’s 50-day simple moving average is $9.29 and its 200 day simple moving average is $10.05.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a dividend of $0.0233 per share. This represents a yield of 27.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

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.