Short Interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) Grows By 356.1%

Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 60,200 shares, an increase of 356.1% from the October 31st total of 13,200 shares. Based on an average trading volume of 2,500 shares, the short-interest ratio is currently 24.1 days.

Canoe EIT Income Fund Stock Performance

Canoe EIT Income Fund stock remained flat at C$11.19 during mid-day trading on Thursday. 74 shares of the company’s stock traded hands, compared to its average volume of 2,894. Canoe EIT Income Fund has a twelve month low of C$8.06 and a twelve month high of C$11.75. The business’s 50 day moving average price is C$10.91 and its two-hundred day moving average price is C$10.42. The firm has a market capitalization of C$1.34 billion and a PE ratio of 3.18. 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 company also recently announced a dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be issued a $0.072 dividend. This represents a yield of 7.79%. The ex-dividend date of this dividend is Friday, November 22nd. 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.