Purpose High Interest Savings Fund (TSE:PSA) Shares Up 0% – What’s Next?

Purpose High Interest Savings Fund (TSE:PSA)’s stock price shot up 0% on Thursday . The company traded as high as C$50.07 and last traded at C$50.07. Approximately 65,401 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 105,406 shares. The stock had previously closed at C$50.06.

Purpose High Interest Savings Fund Price Performance

The business’s 50-day moving average price is C$50.05 and its 200-day moving average price is C$50.05.

Purpose High Interest Savings Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were issued a $0.0866 dividend. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 27th.

Purpose High Interest Savings Fund Company Profile

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions. During the period ended June 30, 2021 the portfolio was invested in cash accounts and term deposits diversified between seven Canadian financial institutions.