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

Shares of Purpose High Interest Savings Fund (TSE:PSA) traded up 0% during mid-day trading on Friday . The stock traded as high as C$50.08 and last traded at C$50.08. 77,848 shares changed hands during trading, a decline of 30% from the average daily volume of 111,174 shares. The stock had previously closed at C$50.07.

Purpose High Interest Savings Fund Stock Up 0.0%

The business’s fifty day moving average is C$50.05 and its 200 day moving average is C$50.05.

Purpose High Interest Savings Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were given a $0.0898 dividend. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, June 26th.

Purpose High Interest Savings Fund Company Profile

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.