Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 24,200 shares, a decline of 66.3% from the December 15th total of 71,900 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 6.1 days.
Canoe EIT Income Fund Stock Down 1.0 %
OTCMKTS ENDTF traded down C$0.11 on Monday, reaching C$10.60. The company had a trading volume of 213 shares, compared to its average volume of 1,985. The company's fifty day moving average is C$10.87 and its 200-day moving average is C$10.57. The firm has a market capitalization of C$1.27 billion and a price-to-earnings ratio of 3.01. 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 has a 1-year low of C$8.06 and a 1-year high of C$11.75.
Canoe EIT Income Fund Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 23rd will be issued a dividend of $0.0707 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a dividend yield of 7.78%. Canoe EIT Income Fund's payout ratio is presently 17.05%.
Canoe EIT Income Fund Company Profile
(
Get Free Report)
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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