Tuttle Capital Daily 2X Inverse Regional Banks ETFTuttle Capital Daily 2X Inverse Regional Banks ETFTuttle Capital Daily 2X Inverse Regional Banks ETF

Tuttle Capital Daily 2X Inverse Regional Banks ETF

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Key stats


Assets under management (AUM)
‪4.08 M‬USD
Fund flows (1Y)
‪−1.18 M‬USD
Dividend yield (indicated)
3.37%
Discount/Premium to NAV
0.04%
Shares outstanding
‪330.00 K‬
Expense ratio
0.75%

About Tuttle Capital Daily 2X Inverse Regional Banks ETF


Issuer
Tuttle Capital Management LLC
Brand
Tuttle Capital
Inception date
Jan 3, 2024
Structure
Open-Ended Fund
Index tracked
S&P Regional Banks Select Industry
Management style
Passive
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


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Regional banks
Strategy
Equal
Geography
U.S.
Weighting scheme
Equal
Selection criteria
Committee
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Corporate
Bonds, Cash & Other100.00%
Cash81.93%
Corporate18.07%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to SKRE via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SKRE trades at 13.37 USD today, its price has risen 7.22% in the past 24 hours. Track more dynamics on SKRE price chart.
SKRE net asset value is 13.35 today — it's fallen 21.22% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SKRE assets under management is ‪4.08 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SKRE price has fallen by −20.04% over the last month, and its yearly performance shows a −43.66% decrease. See more dynamics on SKRE price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −21.22% over the last month, showed a 10.81% increase in three-month performance and has decreased by −41.92% in a year.
SKRE fund flows account for ‪−1.18 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SKRE invests in cash. See more details in our Analysis section.
SKRE expense ratio is 0.75%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
SKRE is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SKRE technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SKRE shows the sell signal. See more of SKRE technicals for a more comprehensive analysis.
Yes, SKRE pays dividends to its holders with the dividend yield of 3.37%.
SKRE trades at a premium (0.15%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SKRE shares are issued by Tuttle Capital Management LLC
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.
The fund started trading on Jan 3, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.