Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 24,200 shares, a decrease of 66.3% from the December 31st total of 71,900 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is currently 6.1 days.
Canoe EIT Income Fund Price Performance
Shares of Canoe EIT Income Fund stock traded down C$0.03 on Friday, reaching C$10.67. The company's stock had a trading volume of 7,747 shares, compared to its average volume of 2,628. 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 capitalization of C$1.27 billion and a P/E ratio of 3.03. The stock has a 50-day moving average price of C$10.78 and a 200-day moving average price of C$10.64. Canoe EIT Income Fund has a 52-week low of C$8.06 and a 52-week high of C$11.75.
Canoe EIT Income Fund Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 23rd will be issued a $0.0696 dividend. This represents a yield of 7.82%. The ex-dividend date is Wednesday, January 22nd. Canoe EIT Income Fund's payout ratio is presently 17.05%.
About Canoe EIT Income Fund
(
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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.
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