Tuttle Capital Management Launches 2x Inverse Regional Bank ETF
January 04 2024 - 8:30AM
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. “These guys are not too big to fail, when they start
to have problems, things can spiral quickly, and nobody is going to
bail them out.” Tuttle is concerned that the higher for longer
interest rate stance by the Fed and potential issues in commercial
real estate could mean that we see more regional banks go under in
2024. “This product is in line with our goal of providing
innovative and necessary trading tools to individual investors,”
Tuttle said. “Other inverse ETFs for financials include the large
money center banks which are too big to fail.”
About Tuttle Capital ManagementTCM is an
industry leader in offering thematic ETFs and first of their kind
ETFs.
Please visit https://tuttlecap.com/ for more
information.
Disclosures
Shares of these ETFs are bought and sold at market price (not
NAV) and are not individually redeemed from the ETFs. Brokerage
commissions will reduce returns.
Important RisksThe Fund is not suitable
for all investors. The Fund is designed to be utilized only by
knowledgeable investors who understand the potential consequences
of seeking daily inverse (-2X) investment results, understand the
risks associated with the use of shorting and leverage and are
willing to monitor their portfolios
frequently. The Fund is not intended to be used by, and is not
appropriate for, investors who do not intend to actively monitor
and manage their portfolios. For periods longer than a single day,
the Fund will lose money if the KRE ETF’s performance is flat, and
it is possible that the Fund will lose money even if the KRE ETF’s
performance decreases over a period longer than a single day. An
investor could lose the full principal value of his/her investment
within a single day if the price of the KRE ETF goes up by more
than 50% in one trading day
The Fund is a recently organized management investment company
with no operating history. As a result, prospective investors do
not have a track record or history on which to base their
investment decisions. The Fund is non-diversified, it can invest a
greater portion of its assets in securities of individual issuers
so that changes in the market value could cause greater
fluctuations in share price than would occur in a diversified
fund.
The Fund’s investments in derivatives including swap agreements
may pose risks in addition to, and greater than, those associated
with directly investing in securities or other ordinary
investments, including risk related to the market, imperfect
correlation with underlying investments or the Fund’s other
portfolio holdings, higher price volatility, lack of availability,
counterparty risk, liquidity, valuation, and legal
restrictions.
The Fund may obtain short exposure through the use of
derivatives, such as swap agreements. To the extent that the Fund
obtains short exposure from derivatives, the Fund may be exposed to
heightened volatility or limited liquidity related to the reference
asset of the underlying short position, which will adversely impact
its performance. Investments in derivative instruments involve
liquidity the risk in that the Fund may be unable to sell the
derivative instrument or sell it at a reasonable price. Leverage
increases the risk of a total loss of an investor’s investment, may
increase the volatility of the Fund, and may magnify any
differences between the performance of the Fund and the KRE ETF.
Because the Fund utilizes leverage in seeking to achieve its
investment objective, it will lose more money in market
environments adverse to its daily investment objective.
The Fund is subject to inverse correlation risk. A number of
factors may affect the Fund’s ability to achieve a high degree of
inverse correlation with the KRE ETF. Failure to achieve a high
degree of inverse correlation may prevent the Fund from achieving
its investment objective.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the ETF. This and other
important information about the ETF is contained in the Prospectus,
which can be obtained by visiting www.ShortRegionalBanks.com. The
Prospectus should be read carefully before investing.
The Fund is distributed by Foreside Fund Services, LLC, which is
not affiliated with Tuttle Capital Management.
Media Contacts:
For Tuttle Capital Management Matthew
Tuttle 347-852-0548 mtuttle@tuttlecap.com
Wire Service Contact:IBNLos Angeles,
Californiawww.InvestorBrandNetwork.com310.299.1717
OfficeEditor@InvestorBrandNetwork.com
Inverse Cramer Tracker ETF (AMEX:SJIM)
Historical Stock Chart
From Sep 2024 to Oct 2024
Inverse Cramer Tracker ETF (AMEX:SJIM)
Historical Stock Chart
From Oct 2023 to Oct 2024