Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 51,600 shares, a growth of 46.6% from the March 15th total of 35,200 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 19.8 days.
Shares of OTCMKTS ENDTF traded up C$0.06 on Friday, hitting C$9.25. The company had a trading volume of 432 shares, compared to its average volume of 3,097. Canoe EIT Income Fund has a 12-month low of C$5.54 and a 12-month high of C$9.20. The business has a 50 day moving average of C$8.79 and a two-hundred day moving average of C$7.89. 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 firm has a market capitalization of C$1.10 billion and a P/E ratio of -13.62.
The firm also recently declared a dividend, which will be paid on Friday, May 14th. Investors of record on Thursday, April 22nd will be issued a $0.9566 dividend. This represents a yield of 10.43%. The ex-dividend date of this dividend is Wednesday, April 21st. Canoe EIT Income Fund’s dividend payout ratio is currently -176.73%.
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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