SKRE
Tuttle Capital Daily 2X Inverse Regional Banks ETF
📎 Investment Objective
The Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) seeks to provide daily investment results that correspond to twice the inverse (or opposite) of the daily performance of the S&P Regional Banks Select Industry Index.
Overview
ETF tracking Tuttle Capital Daily 2X Inverse Regional Banks ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) seeks to provide daily investment results that correspond to twice the inverse (or opposite) of the daily performance of the S&P Regional Banks Select Industry Index.
🎯 Investment Strategy
The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its daily inverse 2x exposure to the performance of the underlying index. It does not seek to achieve its stated investment objective over periods longer than a single day.
✨ Key Features
- Provides 2x daily inverse exposure to the S&P Regional Banks Select Industry Index
- Designed for short-term, tactical trading rather than long-term buy-and-hold investing
- Employs derivatives to achieve its daily inverse leverage objective
- Has a very low expense ratio of 0.00%
⚠️ Primary Risks
- Significant daily rebalancing risk due to the leveraged and inverse nature of the fund
- Potential for large and unexpected losses, especially over periods longer than one day
- Tracking error risk, as the fund may not perfectly match the 2x inverse daily performance of the underlying index
- Counterparty risk associated with the derivative instruments used
👤 Best For
This ETF is best suited for experienced, sophisticated investors with a high risk tolerance who are looking for short-term, speculative exposure to the inverse performance of the regional banking sector. It is not recommended for long-term buy-and-hold investors or those with a low risk appetite.