Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Up 537.8% in September

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 57,400 shares, a growth of 537.8% from the August 31st total of 9,000 shares. Based on an average trading volume of 1,800 shares, the short-interest ratio is currently 31.9 days.

Canoe EIT Income Fund Stock Down 0.5 %

Shares of ENDTF traded down C$0.05 on Friday, reaching C$10.70. The stock had a trading volume of 500 shares, compared to its average volume of 2,192. The company has a 50-day simple moving average of C$10.28 and a 200-day simple moving average of C$10.15. Canoe EIT Income Fund has a 12-month low of C$8.06 and a 12-month high of C$10.75. The firm has a market capitalization of C$1.28 billion and a price-to-earnings ratio of 3.04. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96.

Canoe EIT Income Fund Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 23rd will be paid a dividend of $0.074 per share. This represents a yield of 8.49%. The ex-dividend date is Friday, September 20th. This is an increase from Canoe EIT Income Fund’s previous dividend of $0.07. Canoe EIT Income Fund’s dividend payout ratio (DPR) is 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.