Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 33,600 shares, a growth of 290.7% from the March 31st total of 8,600 shares. Based on an average daily volume of 4,100 shares, the short-interest ratio is currently 8.2 days. Approximately 0.0% of the shares of the company are sold short.
Canoe EIT Income Fund Price Performance
OTCMKTS ENDTF traded up C$0.04 during trading on Wednesday, hitting C$10.72. 574 shares of the stock traded hands, compared to its average volume of 2,471. The firm has a 50-day simple moving average of C$10.49 and a 200-day simple moving average of C$10.71. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 29.91. Canoe EIT Income Fund has a 12-month low of C$8.06 and a 12-month high of C$11.75. The company has a market capitalization of C$1.28 billion and a P/E ratio of 3.05.
Canoe EIT Income Fund Increases Dividend
The business also recently announced a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 24th will be paid a $0.0703 dividend. This represents a yield of 7.9%. The ex-dividend date is Wednesday, April 23rd. This is a positive change from Canoe EIT Income Fund's previous dividend of $0.07. Canoe EIT Income Fund's payout ratio is 17.05%.
About Canoe EIT Income Fund
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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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