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

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 24,200 shares, a drop of 66.3% from the December 31st total of 71,900 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is currently 6.1 days.

Canoe EIT Income Fund Stock Performance

OTCMKTS ENDTF traded up C$0.00 on Tuesday, hitting C$10.70. 1,362 shares of the stock were exchanged, compared to its average volume of 2,269. 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$1.28 billion and a PE ratio of 3.04. The business’s fifty day moving average is C$10.81 and its 200 day moving average is C$10.64. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96.

Canoe EIT Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 23rd will be issued a $0.0696 dividend. This represents a yield of 7.82%. The ex-dividend date is Wednesday, January 22nd. Canoe EIT Income Fund’s dividend payout ratio is currently 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.