Purpose US Cash Fund ETF (TSE:PSU.U) Shares Up 0% – Here’s Why

Purpose US Cash Fund ETF (TSE:PSU.U) rose 0% during mid-day trading on Thursday . The company traded as high as C$100.21 and last traded at C$100.20. 10,060 shares traded hands during trading, a decline of 49% from the average daily volume of 19,699 shares. The stock had previously closed at C$100.19.

Purpose US Cash Fund ETF Price Performance

The firm’s fifty day simple moving average is C$100.16 and its 200 day simple moving average is C$100.15.

Purpose US Cash Fund ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were issued a $0.2811 dividend. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, August 27th.

About Purpose US Cash Fund ETF

This section outlines the investment objectives of each fund and the type of securities in which the fund may invest to achieve those investment objectives. A funds investment objectives may include capital preservation generating income capital growth or a combination of the three. Some mutual funds focus on diversification across asset classes while others take a focused investment theme investing in a particular country or sector as their objective. The fund invests primarily in high interest deposit accounts and highquality money market securities denominated in US dollars and generally with term to maturity not exceeding one year.