Purpose High Interest Savings Fund (TSE:PSA) Shares Up 0% - Here's What Happened

Key Points

• Purpose High Interest Savings Fund (TSE:PSA) shares remained stable at C$50.08 with a trading volume of 83,434, down 33% from its average.
• The fund increased its monthly dividend to $0.1182, yielding 2.8%, up from the previous $0.10 per share.
• Purpose High Interest Savings Fund aims to maximize income while preserving capital by investing primarily in high interest deposit accounts with banks and credit unions.

Purpose High Interest Savings Fund (TSE:PSA - Get Free Report)'s stock price shot up 0% during trading on Tuesday . The company traded as high as C$50.08 and last traded at C$50.08. 83,434 shares were traded during trading, a decline of 33% from the average session volume of 124,232 shares. The stock had previously closed at C$50.07.

Purpose High Interest Savings Fund Trading Up 0.0%

The stock's 50-day simple moving average is C$50.06 and its 200-day simple moving average is C$50.06.

Purpose High Interest Savings Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, August 5th were given a $0.1182 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Purpose High Interest Savings Fund's previous monthly dividend of $0.10.

Purpose High Interest Savings Fund Company Profile

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions.