Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Down 66.3% in January

Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 24,200 shares, a drop of 66.3% from the December 31st total of 71,900 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is presently 6.1 days.

Canoe EIT Income Fund Stock Performance

Shares of Canoe EIT Income Fund stock traded up C$0.00 during trading on Wednesday, hitting C$10.70. 1,362 shares of the stock were exchanged, compared to its average volume of 2,269. The stock has a market cap of C$1.28 billion and a PE ratio of 3.04. The stock’s fifty day moving average is C$10.81 and its 200 day moving average is C$10.64. Canoe EIT Income Fund has a 12 month low of C$8.06 and a 12 month high of C$11.75. 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 Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 23rd will be given a $0.0696 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a yield of 7.82%. Canoe EIT Income Fund’s dividend payout ratio is presently 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.