Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Update

Canoe EIT Income Fund (OTCMKTS:ENDTFGet Free Report) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 24,200 shares, a decline of 66.3% from the December 15th total of 71,900 shares. Based on an average daily volume of 4,000 shares, the short-interest ratio is presently 6.1 days.

Canoe EIT Income Fund Price Performance

Shares of ENDTF traded down C$0.02 during mid-day trading on Tuesday, hitting C$10.58. The company’s stock had a trading volume of 2,200 shares, compared to its average volume of 2,014. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50-day moving average price of C$10.87 and a 200 day moving average price of C$10.58. Canoe EIT Income Fund has a fifty-two week low of C$8.06 and a fifty-two week high of C$11.75. The stock has a market capitalization of C$1.26 billion and a price-to-earnings ratio of 3.01.

Canoe EIT Income Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 23rd will be given a $0.0707 dividend. This represents a dividend yield of 7.78%. The ex-dividend date is Friday, December 20th. Canoe EIT Income Fund’s dividend payout ratio (DPR) is currently 17.05%.

Canoe EIT Income Fund Company Profile

(Get Free Report)

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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