Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 18,500 shares, a decline of 27.5% from the May 15th total of 25,500 shares. Based on an average daily trading volume, of 3,000 shares, the short-interest ratio is presently 6.2 days. Approximately 0.0% of the company's stock are sold short.
Canoe EIT Income Fund Price Performance
OTCMKTS:ENDTF opened at C$11.40 on Wednesday. Canoe EIT Income Fund has a 52-week low of C$8.06 and a 52-week high of C$11.89. The company has a market cap of C$1.36 billion and a P/E ratio of 3.24. 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's 50-day simple moving average is C$10.98 and its 200 day simple moving average is C$10.75.
Canoe EIT Income Fund Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a dividend of $0.0732 per share. This represents a yield of 7.66%. This is an increase from Canoe EIT Income Fund's previous dividend of $0.07. The ex-dividend date of this dividend is Friday, June 20th. Canoe EIT Income Fund's payout ratio is presently 17.05%.
Canoe EIT Income Fund Company Profile
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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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