- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 155 Lockwood Road Riverside CT United States of America 6878
- IPO Date
- Jan 4, 2024
- Business
- Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) is an exchange-traded fund that seeks, before fees and expenses, daily investment results corresponding to 200% of the inverse (opposite) of the daily performance of the SPDR S&P Regional Banking ETF (KRE); the fund primarily invests in swap agreements with major global financial institutions to achieve this leveraged inverse exposure to the regional banking sector, targeting growth and value stocks across diversified market capitalizations within financial and banking industries. Launched on January 3, 2024, and listed on the Nasdaq Stock Market, SKRE is managed by Tuttle Capital Management, LLC, a New York-based investment adviser founded in 2012 and headquartered in New York, which specializes in innovative, tactical, thematic, leveraged, and inverse ETFs serving institutional and individual investors. The fund operates in the United States, domiciled domestically under ETF Opportunities Trust, with assets under management of approximately $8.27 million, a net expense ratio of 0.75%, and a portfolio typically comprising derivatives such as swaps alongside a limited number of holdings (around 4-5).
Tuttle Capital Management continues to expand its suite of actively managed ETFs, managing 41 funds with total assets of $2.42 billion as of recent data, including prominent leveraged and inverse products like T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). In its latest 13F filing as of September 30, 2025, the firm disclosed 43 equity positions valued at $26 million, with increases in holdings such as PDD Holdings Inc. and MercadoLibre Inc., alongside reductions in positions like Colombier Acquisition Corp. I, reflecting ongoing portfolio adjustments amid market volatility. No major acquisitions, funding rounds, or strategic partnerships specific to SKRE or the firm were reported in the past 1-2 years, though Tuttle Capital maintains its focus on emerging themes and sector rotations via its proprietary H.E.A.T. Formula (Hedge, Edge, Asymmetry, Themes).