Short Interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) Rises By 39.7%

Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 83,800 shares, an increase of 39.7% from the May 31st total of 60,000 shares. Based on an average daily trading volume, of 8,700 shares, the days-to-cover ratio is currently 9.6 days.

Canoe EIT Income Fund Trading Down 0.2 %

Shares of OTCMKTS ENDTF traded down C$0.02 during mid-day trading on Friday, hitting C$9.86. The stock had a trading volume of 1,920 shares, compared to its average volume of 2,386. 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 1 year low of C$8.76 and a 1 year high of C$10.41. The business has a 50 day moving average price of C$10.07 and a two-hundred day moving average price of C$9.92. The firm has a market cap of C$1.18 billion and a P/E ratio of 2.80.

Canoe EIT Income Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 24th will be paid a $0.0729 dividend. This represents a dividend yield of 8.61%. The ex-dividend date of this dividend is Friday, June 21st. Canoe EIT Income Fund’s payout ratio is 17.05%.

Canoe EIT Income Fund Company Profile

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.