Short Interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) Expands By 311.1%

Key Points

• Short interest in Canoe EIT Income Fund surged 311.1% to 37,457 shares as of April 15 (up from 9,112 on March 31), with a days-to-cover ratio of about 2.0 based on average daily volume.
• The stock traded at C$12.20 mid-day (up C$0.05) on muted turnover (3,992 shares vs. a 29,353 average), and the fund shows a market cap of C$1.46 billion and a low PE of 3.47.
• Canoe EIT is a closed-end, income-focused fund managed by Canoe Financial that holds a diversified mix of equities and fixed income across sectors like energy infrastructure, utilities, real estate and financials to generate regular income and modest growth.

Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 37,457 shares, a growth of 311.1% from the March 31st total of 9,112 shares. Based on an average trading volume of 18,394 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.0% of the shares of the stock are short sold.

Canoe EIT Income Fund Price Performance

Canoe EIT Income Fund stock traded up C$0.05 during mid-day trading on Friday, hitting C$12.20. 3,992 shares of the company were exchanged, compared to its average volume of 29,353. 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 fifty day moving average of C$12.18 and a 200 day moving average of C$11.69. Canoe EIT Income Fund has a 1-year low of C$10.40 and a 1-year high of C$12.58. The company has a market capitalization of C$1.46 billion and a PE ratio of 3.47.

About Canoe EIT Income Fund

Canoe EIT Income Fund OTCMKTS: ENDTF is a closed-end investment fund established to provide investors with regular income and the potential for long-term capital growth. The fund primarily holds equity and fixed-income securities, with a focus on Canadian companies that generate stable cash flows. By investing across a diversified portfolio of sectors—including energy infrastructure, utilities, real estate and financial services—the fund seeks to balance income generation with moderate growth prospects.

The portfolio is actively managed by Canoe Financial, an independent Canadian asset manager headquartered in Toronto.

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