Short Interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) Decreases By 85.7%

Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 8,600 shares, a decrease of 85.7% from the November 15th total of 60,200 shares. Based on an average daily volume of 5,400 shares, the short-interest ratio is currently 1.6 days.

Canoe EIT Income Fund Stock Down 0.4 %

Canoe EIT Income Fund stock traded down C$0.04 during midday trading on Friday, hitting C$10.96. 537 shares of the stock were exchanged, compared to its average volume of 2,830. Canoe EIT Income Fund has a 52-week low of C$8.06 and a 52-week high of C$11.75. 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 business’s 50-day moving average price is C$11.00 and its 200-day moving average price is C$10.49. The stock has a market capitalization of C$1.31 billion and a price-to-earnings ratio of 3.13.

Canoe EIT Income Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a $0.072 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 7.79%. Canoe EIT Income Fund’s payout ratio 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.