Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE)
Tuttle Capital Daily 2X Inverse Regional Banks ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Riverside, CT, US. The stock last traded at $6.75, down 1.67% on the session, giving a market capitalisation of $2.3M. Its beta of -1.53 implies it has historically moved less than the broad market.
Under normal circumstances, this fund allocates a minimum of 80% of its net assets (including any capital borrowed for investment purposes) to swap agreements. These agreements are engineered to deliver twice the inverse (opposite) daily performance of TSLA. The fund manager's objective is to achieve daily leveraged inverse investment results. Consequently, this fund operates very differently from typical exchange-traded funds and carries unique and elevated risks. Furthermore, its investment portfolio is not diversified.
Tuttle Capital Daily 2X Inverse Regional Banks ETF is most often compared with the following Financial Services names: