Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Up 321.1% in July

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 - Get Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 37,900 shares, agrowthof321.1% from the June 30th total of 9,000 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 14.6 days. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 14.6 days.

Canoe EIT Income Fund Stock Performance

Shares of ENDTF stock traded down C$0.03 during trading hours on Thursday, reaching C$11.10. The stock had a trading volume of 29,681 shares, compared to its average volume of 2,121. The firm has a market capitalization of C$1.33 billion and a PE ratio of 3.15. Canoe EIT Income Fund has a twelve month low of C$8.06 and a twelve month high of C$11.89. The firm has a 50-day simple moving average of C$11.32 and a 200-day simple moving average of C$10.89. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96.

Canoe EIT Income Fund Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 15th. Investors of record on Wednesday, July 23rd will be paid a $0.0731 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a yield of 766.0%. Canoe EIT Income Fund's dividend payout ratio (DPR) is presently 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.