Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 25,500 shares, a decrease of 29.4% from the April 30th total of 36,100 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 42.5 days. Approximately 0.0% of the company's stock are sold short.
Canoe EIT Income Fund Stock Down 0.2%
Shares of OTCMKTS ENDTF traded down C$0.02 during mid-day trading on Thursday, reaching C$11.32. The company had a trading volume of 3,064 shares, compared to its average volume of 2,114. The firm has a 50 day simple moving average of C$10.79 and a two-hundred day simple moving average of C$10.74. Canoe EIT Income Fund has a 52-week low of C$8.06 and a 52-week high of C$11.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. The stock has a market cap of C$1.35 billion and a P/E ratio of 3.22.
Canoe EIT Income Fund Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 26th will be given a dividend of $0.0724 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 7.84%. This is a boost 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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