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 during the month of October. As of October 15th, there was short interest totaling 17,624 shares, a drop of 37.1% from the September 30th total of 28,020 shares. Based on an average daily volume of 60,507 shares, the days-to-cover ratio is presently 0.3 days.

Corgi INTC 2x Daily ETF Stock Up 2.2%

INT opened at $5.11 on Wednesday. Corgi INTC 2x Daily ETF has a 12-month low of $4.92 and a 12-month high of $28.30. The stock’s 50 day simple moving average is $17.62.

Insider Activity

In related news, Chairman Michael J. Kasbar sold 10,000 shares of Corgi INTC 2x Daily ETF stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $35.67, for a total transaction of $356,700.00. Following the completion of the sale, the chairman owned 956,450 shares of the company’s stock, valued at $34,116,571.50. The trade was a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jose-Miguel Tejada sold 6,000 shares of Corgi INTC 2x Daily ETF stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $37.16, for a total value of $222,960.00. Following the sale, the executive vice president directly owned 35,676 shares of the company’s stock, valued at $1,325,720.16. This trade represents a 14.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,000 shares of company stock valued at $933,660.

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.