Short Interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) Drops By 75.5%

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 - ) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 9,300 shares, adropof75.5% from the July 15th total of 37,900 shares. Approximately0.0% of the company's shares are short sold. Based on an average daily volume of 600 shares, the short-interest ratio is currently 15.5 days. Based on an average daily volume of 600 shares, the short-interest ratio is currently 15.5 days. Approximately0.0% of the company's shares are short sold.

Canoe EIT Income Fund Stock Up 0.1%

Canoe EIT Income Fund stock opened at C$11.02 on Friday. 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 firm has a 50 day moving average price of C$11.28 and a 200 day moving average price of C$10.90. Canoe EIT Income Fund has a fifty-two week low of C$8.06 and a fifty-two week high of C$11.89. The company has a market capitalization of C$1.32 billion and a PE ratio of 3.13.

Canoe EIT Income Fund Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 15th. Investors of record on Wednesday, July 23rd will be issued a $0.0731 dividend. This represents a dividend yield of 766.0%. The ex-dividend date is Tuesday, July 22nd. Canoe EIT Income Fund's payout ratio is currently 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.

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