Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Up 356.1% in November

Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 60,200 shares, an increase of 356.1% from the October 31st total of 13,200 shares. Based on an average daily trading volume, of 2,500 shares, the short-interest ratio is presently 24.1 days.

Canoe EIT Income Fund Stock Performance

Shares of ENDTF remained flat at C$11.19 during mid-day trading on Friday. The stock had a trading volume of 74 shares, compared to its average volume of 2,894. The firm’s 50 day simple moving average is C$10.92 and its 200-day simple moving average is C$10.43. The company has a market cap of C$1.34 billion and a PE ratio of 3.18. 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 has a 52 week low of C$8.06 and a 52 week high of C$11.75.

Canoe EIT Income Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be issued a dividend of $0.072 per share. The ex-dividend date is Friday, November 22nd. This represents a yield of 7.79%. 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.