Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Update

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 9,700 shares, a drop of 88.4% from the June 15th total of 83,800 shares. Based on an average trading volume of 3,800 shares, the short-interest ratio is currently 2.6 days.

Canoe EIT Income Fund Price Performance

OTCMKTS ENDTF traded up C$0.25 during midday trading on Friday, hitting C$10.29. The company had a trading volume of 1,477 shares, compared to its average volume of 2,370. The company has a market capitalization of C$1.23 billion and a PE ratio of 2.92. Canoe EIT Income Fund has a twelve month low of C$8.76 and a twelve month high of C$10.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. The firm has a 50-day moving average price of C$10.07 and a 200-day moving average price of C$9.94.

Canoe EIT Income Fund Cuts Dividend

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