Canoe EIT Income Fund (OTCMKTS:ENDTF) Sees Significant Growth in Short Interest

Key Points

• Canoe EIT Income Fund saw a substantial increase in short interest, climbing by 321.1% in July to a total of 37,900 shares.
• The company's dividend yield is notably high at 766.0%, with a declared dividend payment scheduled for August 15th.
• Canoe EIT Income Fund's stock maintained a trading price of C$11.13, with a market capitalization of C$1.33 billion.

Canoe EIT Income Fund (OTCMKTS:ENDTF - ) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 37,900 shares, anincreaseof321.1% from the June 30th total of 9,000 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is currently 14.6 days. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is currently 14.6 days.

Canoe EIT Income Fund Stock Performance

OTCMKTS ENDTF remained flat at C$11.13 during trading on Friday. The company's stock had a trading volume of 1 shares, compared to its average volume of 2,130. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of C$1.33 billion and a P/E ratio of 3.16. Canoe EIT Income Fund has a 12-month low of C$8.06 and a 12-month high of C$11.89. The firm's fifty day moving average price is C$11.32 and its 200 day moving average price is C$10.89.

Canoe EIT Income Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, August 15th. Stockholders of record on Wednesday, July 23rd will be issued a dividend of $0.0731 per share. This represents a dividend yield of 766.0%. The ex-dividend date is Tuesday, July 22nd. Canoe EIT Income Fund's payout ratio is 17.05%.

About Canoe EIT Income Fund

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.

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