Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Stock Price Down 2.3% – Here’s What Happened

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKREGet Free Report) shares were down 2.3% during mid-day trading on Monday . The company traded as low as $5.88 and last traded at $5.91. 13,596 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 85,002 shares. The stock had previously closed at $6.05.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Stock Performance

The company’s 50-day moving average is $6.56 and its 200-day moving average is $7.47.

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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