Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Up 39.7% in June

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 83,800 shares, an increase of 39.7% from the May 31st total of 60,000 shares. Based on an average trading volume of 8,700 shares, the short-interest ratio is currently 9.6 days.

Canoe EIT Income Fund Stock Down 0.2 %

Shares of ENDTF traded down C$0.02 during midday trading on Friday, reaching C$9.86. 1,920 shares of the stock were exchanged, compared to its average volume of 2,386. Canoe EIT Income Fund has a 12-month low of C$8.76 and a 12-month high of C$10.41. The firm has a 50 day simple moving average of C$10.07 and a 200-day simple moving average of C$9.92. 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 company has a market cap of C$1.18 billion and a price-to-earnings ratio of 2.80.

Canoe EIT Income Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 24th will be paid a dividend of $0.0729 per share. This represents a dividend yield of 8.61%. The ex-dividend date is Friday, June 21st. Canoe EIT Income Fund’s dividend payout ratio (DPR) 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.