Short Interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) Decreases By 88.4%

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 9,700 shares, a drop of 88.4% from the June 15th total of 83,800 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 2.6 days.

Canoe EIT Income Fund Price Performance

Shares of ENDTF traded up C$0.25 during mid-day trading on Friday, reaching C$10.29. 1,477 shares of the stock traded hands, compared to its average volume of 2,370. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. Canoe EIT Income Fund has a 1 year low of C$8.76 and a 1 year high of C$10.41. The company has a market cap of C$1.23 billion and a price-to-earnings ratio of 2.92. The firm has a fifty day moving average price of C$10.07 and a 200 day moving average price of C$9.94.

Canoe EIT Income Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 24th will be paid a $0.0729 dividend. The ex-dividend date is Friday, June 21st. This represents a yield of 8.61%. Canoe EIT Income Fund’s dividend payout ratio is currently 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.