Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 18,100 shares, a growth of 88.5% from the September 30th total of 9,600 shares. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is currently 2.7 days.
Canoe EIT Income Fund Price Performance
Shares of ENDTF remained flat at C$10.84 during mid-day trading on Monday. The stock had a trading volume of 9,880 shares, compared to its average volume of 2,804. 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 stock has a market cap of C$1.29 billion and a price-to-earnings ratio of 3.08. The business has a 50-day simple moving average of C$10.60 and a 200-day simple moving average of C$10.27. 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 disclosed a dividend, which will be paid on Friday, November 15th. Shareholders of record on Wednesday, October 23rd will be issued a $0.0737 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a yield of 8.12%. Canoe EIT Income Fund's dividend payout ratio (DPR) is presently 17.05%.
About Canoe EIT Income Fund
(
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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