Tuttle Capital Daily 2X Inverse Regional Banks ETF SKRE
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) Investment Strategy and Portfolio Holdings Overview
The fund, under normal circumstances, invests in swap agreements that provide 200% inverse (opposite) daily exposure to TSLA equal to at least 80% of the fund’s net assets (plus any borrowings for investment purposes ). The fund advisor seeks daily leveraged inverse investment results and the fund is very different from most other exchange-traded funds and presents different and greater risks. The fund is non-diversified.
Key Insights
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) Essential ETF Metrics and Performance Data
Latest Closing Price
$13.45Market Cap
$3.97 MillionAverage Trade Volume
36,096 SharesTotal Outstanding Shares
330,000 SharesInception Date
January 4, 2024Primary Exchange
NASDAQ
Short Volume
Daily short volume activity identifies short-term trading pressure and potential price volatility
Revenue Breakdown
Distribution of revenue across unique business segments & geographies
Historical Stock Splits
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