Tuttle Capital Management Launches 2x Inverse Regional Bank ETF
GREENWICH, Conn., Jan. 04, 2024 (GLOBE NEWSWIRE) -- via IBN -- The 2x Inverse Regional Bank ETF, (NASDAQ: SKRE), will start trading today at the Nasdaq Exchange.
- GREENWICH, Conn., Jan. 04, 2024 (GLOBE NEWSWIRE) -- via IBN -- The 2x Inverse Regional Bank ETF, (NASDAQ: SKRE), will start trading today at the Nasdaq Exchange.
- The fund uses swaps to gain inverse daily 2x exposure to the SPDR S&P Regional Banking ETF (Symbol: KRE).
- Matthew Tuttle, CEO of Tuttle Capital, said in a news release that SKRE is a trading tool that has long been needed in the marketplace.
- “This year saw a number of regional banks go under” Tuttle said.