Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Update

Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 3,100 shares, a growth of 287.5% from the February 29th total of 800 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is presently 1.7 days.

Canoe EIT Income Fund Price Performance

Shares of ENDTF traded up C$0.10 during midday trading on Friday, hitting C$10.12. 1,522 shares of the company traded hands, compared to its average volume of 1,361. The firm has a 50 day moving average of C$9.82 and a 200-day moving average of C$9.54. Canoe EIT Income Fund has a 52 week low of C$8.76 and a 52 week high of C$10.13. The stock has a market cap of C$1.21 billion and a price-to-earnings ratio of 2.88. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96.

Canoe EIT Income Fund Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 22nd will be issued a dividend of $0.0737 per share. This represents a dividend yield of 8.8%. The ex-dividend date is Thursday, March 21st. Canoe EIT Income Fund’s dividend payout ratio (DPR) is presently 17.05%.

Canoe EIT Income Fund Company Profile

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors.