Purpose High Interest Savings Fund (TSE:PSA) Shares Cross Below 200 Day Moving Average – What’s Next?

Purpose High Interest Savings Fund (TSE:PSA)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$50.05 and traded as low as C$50.00. Purpose High Interest Savings Fund shares last traded at C$50.01, with a volume of 124,667 shares.

Purpose High Interest Savings Fund Price Performance

The company’s fifty day moving average price is C$50.05 and its 200 day moving average price is C$50.05.

Purpose High Interest Savings Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Tuesday, November 3rd will be paid a $0.0896 dividend. The ex-dividend date is Wednesday, October 28th. This is a decrease from Purpose High Interest Savings Fund’s previous monthly dividend of $0.0956. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%.

About Purpose High Interest Savings Fund

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions. During the period ended June 30, 2021 the portfolio was invested in cash accounts and term deposits diversified between seven Canadian financial institutions.