Corgi INTC 2x Daily ETF (BATS:INT) Sees Large Drop in Short Interest

Corgi INTC 2x Daily ETF (BATS:INT) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 279 shares, a drop of 97.4% from the August 31st total of 10,894 shares. Based on an average daily volume of 32,675 shares, the days-to-cover ratio is presently 0.0 days.

Corgi INTC 2x Daily ETF Price Performance

BATS INT traded up $2.08 during trading hours on Thursday, hitting $27.96. 97,103 shares of the company were exchanged, compared to its average volume of 32,849. The stock has a 50-day moving average price of $17.61. Corgi INTC 2x Daily ETF has a 52 week low of $12.66 and a 52 week high of $28.03.

Insider Buying and Selling

In related news, Director Paul H. Stebbins sold 33,445 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the sale, the director owned 58,878 shares of the company’s stock, valued at $2,350,998.54. This represents a 36.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael J. Kasbar sold 10,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $35.40, for a total transaction of $354,000.00. Following the transaction, the chairman owned 966,450 shares of the company’s stock, valued at $34,212,330. This trade represents a 1.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 59,445 shares of company stock worth $2,306,519.

World Kinect Corporation, formerly known as World Fuel Services Corporation, is an energy management company that supplies and distributes fuel, energy, and related products and services to commercial, industrial, government, and transportation customers worldwide. The company serves aviation, marine, and land-based transportation markets, as well as other commercial and industrial sectors.

Its offerings include aviation fuel, marine fuel and lubricants, diesel, gasoline, natural gas, electricity, and renewable energy products.