Canoe EIT Income Fund (OTCMKTS:ENDTF) Sees Large Decline in Short Interest

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 24,200 shares, a drop of 66.3% from the December 31st total of 71,900 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is currently 6.1 days.

Canoe EIT Income Fund Stock Performance

ENDTF traded up C$0.00 on Tuesday, hitting C$10.70. 1,362 shares of the stock traded hands, compared to its average volume of 2,269. Canoe EIT Income Fund has a 52 week low of C$8.06 and a 52 week high of C$11.75. The firm has a market capitalization of C$1.28 billion and a PE ratio of 3.04. The business has a fifty day moving average price of C$10.81 and a two-hundred day moving average price of C$10.64. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91.

Canoe EIT Income Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 23rd will be paid a $0.0696 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a yield of 7.82%. Canoe EIT Income Fund’s payout ratio is currently 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.