Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) Stock Price Up 10.5% – Should You Buy?

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE) rose 10.5% on Friday . The stock traded as high as $8.45 and last traded at $8.34. Approximately 304,162 shares traded hands during trading, an increase of 188% from the average daily volume of 105,707 shares. The stock had previously closed at $7.55.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Price Performance

The business has a 50-day moving average of $8.06 and a 200-day moving average of $9.38.

Tuttle Capital Daily 2X Inverse Regional Banks ETF Announces Dividend

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

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