Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Down 85.7% in November

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 8,600 shares, a decline of 85.7% from the November 15th total of 60,200 shares. Based on an average trading volume of 5,400 shares, the short-interest ratio is presently 1.6 days.

Canoe EIT Income Fund Stock Performance

OTCMKTS ENDTF traded down C$0.04 during trading on Friday, hitting C$10.96. 537 shares of the company’s stock traded hands, compared to its average volume of 2,830. The stock has a market capitalization of C$1.31 billion and a price-to-earnings ratio of 3.13. Canoe EIT Income Fund has a 12-month low of C$8.06 and a 12-month high of C$11.75. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50 day moving average of C$11.00 and a 200-day moving average of C$10.49.

Canoe EIT Income Fund Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a dividend of $0.072 per share. This represents a dividend yield of 7.79%. The ex-dividend date of this dividend is Friday, November 22nd. Canoe EIT Income Fund’s 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.