Purpose High Interest Savings Fund (TSE:PSA) Share Price Breaks Below 200 Day Moving Average – Should You Sell?

Purpose High Interest Savings Fund (TSE:PSA) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$50.05 and traded as low as C$50.00. Purpose High Interest Savings Fund shares last traded at C$50.01, with a volume of 124,667 shares traded.

Purpose High Interest Savings Fund Stock Down 0.2%

The stock has a fifty day moving average of C$50.05 and a 200-day moving average of C$50.05.

Purpose High Interest Savings Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, November 3rd. Investors of record on Tuesday, November 3rd will be given a $0.0896 dividend. This is a negative change from Purpose High Interest Savings Fund’s previous monthly dividend of $0.0956. The ex-dividend date is Wednesday, October 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%.

About Purpose High Interest Savings Fund

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.