Canoe EIT Income Fund (OTCMKTS:ENDTF) Sees Significant Drop in Short Interest

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 9,200 shares, a drop of 17.1% from the January 31st total of 11,100 shares. Based on an average daily trading volume, of 6,100 shares, the short-interest ratio is currently 1.5 days.

Canoe EIT Income Fund Price Performance

OTCMKTS ENDTF traded down C$0.01 during trading hours on Wednesday, hitting C$10.24. 1,470 shares of the company’s stock traded hands, compared to its average volume of 3,011. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50-day moving average is C$10.64 and its 200-day moving average is C$10.72. Canoe EIT Income Fund has a 52-week low of C$8.06 and a 52-week high of C$11.75. The company has a market capitalization of C$1.22 billion and a PE ratio of 2.91.

Canoe EIT Income Fund Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be given a $0.0698 dividend. The ex-dividend date is Monday, February 24th. This is a positive change from Canoe EIT Income Fund’s previous dividend of $0.07. This represents a dividend yield of 7.68%. Canoe EIT Income Fund’s dividend 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.