Short Interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) Expands By 287.5%

Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 3,100 shares, a growth of 287.5% from the February 29th total of 800 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is presently 1.7 days.

Canoe EIT Income Fund Stock Up 0.2 %

Shares of OTCMKTS ENDTF opened at C$10.02 on Thursday. The stock has a 50 day moving average price of C$9.81 and a 200 day moving average price of C$9.54. The firm has a market capitalization of C$1.20 billion and a price-to-earnings ratio of 2.85. Canoe EIT Income Fund has a 52-week low of C$8.76 and a 52-week high of C$10.13. 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 Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 22nd will be issued a $0.0737 dividend. This represents a dividend yield of 8.8%. The ex-dividend date is Thursday, March 21st. Canoe EIT Income Fund’s dividend payout ratio is 17.05%.

About Canoe EIT Income Fund

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.