Purpose High Interest Savings Fund (TSE:PSA) Hits New 52-Week Low – Should You Sell?

Purpose High Interest Savings Fund (TSE:PSA)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$50.00 and last traded at C$50.01, with a volume of 90315 shares. The stock had previously closed at C$50.08.

Purpose High Interest Savings Fund Stock Performance

The firm’s 50 day moving average is C$50.05 and its two-hundred day moving average is C$50.05.

Purpose High Interest Savings Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, March 3rd will be paid a dividend of $0.0819 per share. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, February 25th.

Purpose High Interest Savings Fund Company Profile

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions. During the period ended June 30, 2021 the portfolio was invested in cash accounts and term deposits diversified between seven Canadian financial institutions.