Key stats
About Tuttle Capital Daily 2X Inverse Regional Banks ETF
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Inception date
Jan 3, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tuttle Capital Management LLC
Distributor
Foreside Fund Services LLC
SKRE offers daily 2x inverse exposure to KRE, an ETF consisting of committee-selected stocks. The underlying ETF tracks an equal-weighted index of US stocks tied to the regional banking sector. The fund serves as a daily bet against the performance of KRE. To achieve leveraged investment results relative to KRE's returns, the fund enters into one or more swap agreements. Additionally, the fund may include fixed-income securities rated as investment-grade, such as Treasuries, short-term bond ETFs, corporate bonds, and money market funds, as collateral required by the fund's counterparties. As a geared product with a 2x factor that resets daily, SKRE is not designed for buy-and-hold investing. It should not be expected to provide index leverage returns greater than a one-day period.
Classification
Returns
1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
---|---|---|---|---|---|---|
Price performance | — | — | — | — | — | — |
NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Corporate
Bonds, Cash & Other100.00%
Cash81.93%
Corporate18.07%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SKRE shares are issued by Tuttle Capital Management LLC under the brand Tuttle Capital. The ETF was launched on Jan 3, 2024, and its management style is Passive.
SKRE expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
SKRE follows the S&P Regional Banks Select Industry. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SKRE invests in cash.