Canso Credit Trust – Canso Credit Income Fund (TSE:PBY.UN) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Canso Credit Trust – Canso Credit Income Fund (TSE:PBY.UN)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$15.34 and traded as low as C$15.32. Canso Credit Trust – Canso Credit Income Fund shares last traded at C$15.32, with a volume of 7,700 shares changing hands.

Canso Credit Trust – Canso Credit Income Fund Price Performance

The firm’s fifty day simple moving average is C$15.34 and its 200 day simple moving average is C$15.15.

Canso Credit Trust – Canso Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, September 10th were given a $0.0417 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.27%.

Canso Credit Trust – Canso Credit Income Fund Company Profile

Canso Credit Trust – Canso Credit Income Fund is a closed ended fixed income mutual fund launched by Lysander Funds Limited. The fund is managed by Canso Investment Counsel Ltd. It invests in the fixed income markets of Canada. The fund primarily invests in corporate bonds. It employs fundamental analysis with bottom-up and deep value approach to create its portfolio.