Short Interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) Expands By 736.0%

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 71,900 shares, a growth of 736.0% from the November 30th total of 8,600 shares. Based on an average trading volume of 3,800 shares, the short-interest ratio is presently 18.9 days.

Canoe EIT Income Fund Stock Performance

Shares of OTCMKTS ENDTF opened at C$9.45 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 29.91. The company has a market cap of C$1.13 billion and a PE ratio of 2.68. Canoe EIT Income Fund has a 52-week low of C$8.06 and a 52-week high of C$11.75. The firm’s 50-day moving average price is C$10.93 and its 200-day moving average price is C$10.52.

Canoe EIT Income Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 23rd will be issued a $0.0707 dividend. This represents a yield of 7.78%. The ex-dividend date is Friday, December 20th. Canoe EIT Income Fund’s payout ratio is currently 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.