Canoe EIT Income Fund (OTCMKTS:ENDTF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 23,500 shares, an increase of 25.7% from the August 15th total of 18,700 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is presently 4.9 days.
OTCMKTS:ENDTF opened at C$9.58 on Tuesday. The stock has a fifty day moving average price of C$9.62 and a 200-day moving average price of C$9.51. The company has a market cap of C$1.14 billion and a price-to-earnings ratio of -14.11. 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 fifty-two week low of C$6.52 and a fifty-two week high of C$10.36.
The firm also recently disclosed a dividend, which will be paid on Friday, October 15th. Investors of record on Wednesday, September 22nd will be given a dividend of $0.958 per share. The ex-dividend date of this dividend is Tuesday, September 21st. This represents a dividend yield of 9.89%. Canoe EIT Income Fund’s dividend payout ratio is currently -176.73%.
Canoe EIT Income Fund is a closed-end investment trust, which objective is to maximize monthly distributions and net asset value while maintaining a diversified investment portfolio. The company was founded on August 5, 1997 and is headquartered in Calgary, Canada.
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