Purpose High Interest Savings Fund (TSE:PSA) Stock Price Up 0% – Here’s Why

Purpose High Interest Savings Fund (TSE:PSA)’s share price was up 0% during mid-day trading on Monday . The company traded as high as C$50.04 and last traded at C$50.04. Approximately 97,454 shares changed hands during trading, a decline of 24% from the average daily volume of 128,576 shares. The stock had previously closed at C$50.03.

Purpose High Interest Savings Fund Price Performance

The firm’s 50 day moving average price is C$50.05 and its 200-day moving average price is C$50.05.

Purpose High Interest Savings Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 4th. Shareholders of record on Tuesday, November 4th were paid a $0.1136 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. This is a boost from Purpose High Interest Savings Fund’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 2.7%.

About Purpose High Interest Savings Fund

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions. During the period ended June 30, 2021 the portfolio was invested in cash accounts and term deposits diversified between seven Canadian financial institutions.