Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 11,100 shares, a decrease of 27.0% from the January 15th total of 15,200 shares. Based on an average daily volume of 4,000 shares, the short-interest ratio is presently 2.8 days.
Canoe EIT Income Fund Price Performance
Shares of OTCMKTS ENDTF traded up C$0.12 on Thursday, hitting C$10.93. The company's stock had a trading volume of 10,606 shares, compared to its average volume of 3,339. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of C$1.31 billion and a price-to-earnings ratio of 3.11. The stock has a 50 day moving average of C$10.66 and a 200-day moving average of C$10.69. Canoe EIT Income Fund has a 12-month low of C$8.06 and a 12-month high of C$11.75.
Canoe EIT Income Fund Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.0698 per share. This is an increase from Canoe EIT Income Fund's previous dividend of $0.07. The ex-dividend date is Monday, February 24th. This represents a dividend yield of 7.68%. Canoe EIT Income Fund's dividend 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.
Further Reading
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