Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Down 75.5% in July

Key Points

• The short interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) decreased by 75.5%, dropping from 37,900 shares to 9,300 shares by July 31st.
• The company announced a dividend of $0.0731, reflecting a remarkable dividend yield of 766.0%, with the payment date set for August 15th.
• Canoe EIT Income Fund's stock was trading at C$11.02, with a market capitalization of C$1.32 billion and a PE ratio of 3.13.

Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 9,300 shares, adecreaseof75.5% from the July 15th total of 37,900 shares. Currently,0.0% of the company's stock are short sold. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 15.5 days. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 15.5 days. Currently,0.0% of the company's stock are short sold.

Canoe EIT Income Fund Stock Down 0.6%

Canoe EIT Income Fund stock traded down C$0.06 during midday trading on Wednesday, reaching C$11.03. The company's stock had a trading volume of 33,223 shares, compared to its average volume of 2,652. The company has a market cap of C$1.32 billion and a P/E ratio of 3.13. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 29.91. The business has a 50-day simple moving average of C$11.26 and a 200-day simple moving average of C$10.91. Canoe EIT Income Fund has a fifty-two week low of C$8.06 and a fifty-two week high of C$11.89.

Canoe EIT Income Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be paid a dividend of $0.0726 per share. The ex-dividend date is Friday, August 22nd. This represents a yield of 787.0%. Canoe EIT Income Fund's payout ratio is presently 17.05%.

About Canoe EIT Income Fund

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.