Short Interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) Expands By 736.0%

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 71,900 shares, an increase of 736.0% from the November 30th total of 8,600 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is presently 18.9 days.

Canoe EIT Income Fund Price Performance

Shares of ENDTF stock opened at C$9.45 on Friday. Canoe EIT Income Fund has a twelve month low of C$8.06 and a twelve month high of C$11.75. The company has a market capitalization of C$1.13 billion and a PE ratio of 2.68. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. The firm has a fifty day simple moving average of C$10.93 and a 200-day simple moving average of C$10.52.

Canoe EIT Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.0707 per share. The ex-dividend date is Friday, December 20th. This represents a yield of 7.78%. Canoe EIT Income Fund’s dividend payout ratio is presently 17.05%.

Canoe EIT Income Fund Company Profile

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.