Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Update

Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 7,900 shares, a growth of 154.8% from the March 15th total of 3,100 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 9.9 days.

Canoe EIT Income Fund Price Performance

Shares of OTCMKTS ENDTF opened at C$10.13 on Friday. Canoe EIT Income Fund has a 52-week low of C$8.76 and a 52-week high of C$10.22. The firm has a fifty day moving average of C$9.94 and a 200-day moving average of C$9.59. The stock has a market capitalization of C$1.21 billion and a PE ratio of 2.88. The company has a quick ratio of 0.96, a current 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 Wednesday, May 15th. Investors of record on Monday, April 22nd will be issued a dividend of $0.0736 per share. The ex-dividend date is Friday, April 19th. This represents a dividend yield of 8.72%. Canoe EIT Income Fund’s payout ratio is 17.05%.

About Canoe EIT Income Fund

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.