Purpose High Interest Savings Fund (TSE:PSA) Trading 0% Higher - What's Next?

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.

Shares of Purpose High Interest Savings Fund (TSE:PSA - Get Free Report) rose 0% during mid-day trading on Tuesday . The company traded as high as C$50.08 and last traded at C$50.08. Approximately 83,434 shares changed hands during trading, a decline of 33% from the average daily volume of 124,232 shares. The stock had previously closed at C$50.07.

Purpose High Interest Savings Fund Stock Performance

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

Purpose High Interest Savings Fund Increases Dividend

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

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.