Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 33,600 shares, an increase of 290.7% from the March 31st total of 8,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,100 shares, the short-interest ratio is presently 8.2 days.
Canoe EIT Income Fund Price Performance
Shares of ENDTF traded up C$0.02 during midday trading on Friday, hitting C$10.77. 167 shares of the company traded hands, compared to its average volume of 2,401. The stock has a market cap of C$1.29 billion and a price-to-earnings ratio of 3.06. The firm has a 50 day moving average of C$10.49 and a 200-day moving average of C$10.71. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96. Canoe EIT Income Fund has a 52 week low of C$8.06 and a 52 week high of C$11.75.
Canoe EIT Income Fund Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 24th will be given a $0.0703 dividend. This is an increase from Canoe EIT Income Fund's previous dividend of $0.07. This represents a dividend yield of 7.9%. The ex-dividend date is Wednesday, April 23rd. Canoe EIT Income Fund's payout ratio is currently 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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