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

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 10,200 shares, a growth of 18.6% from the July 15th total of 8,600 shares. Based on an average daily volume of 2,800 shares, the short-interest ratio is currently 3.6 days.

Canoe EIT Income Fund Price Performance

Shares of ENDTF remained flat at C$10.30 during trading hours on Friday. The firm has a market cap of C$1.23 billion and a price-to-earnings ratio of 2.92. 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 firm’s 50 day moving average price is C$10.09 and its 200-day moving average price is C$10.03. Canoe EIT Income Fund has a fifty-two week low of C$8.76 and a fifty-two week high of C$10.45.

Canoe EIT Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be given a $0.0728 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 8.49%. Canoe EIT Income Fund’s payout ratio is 17.05%.

Canoe EIT Income Fund Company Profile

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.