Short Interest in Canoe EIT Income Fund (OTCMKTS:ENDTF) Grows By 356.1%

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a large increase in short interest in 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 days-to-cover ratio is currently 24.1 days.

Canoe EIT Income Fund Stock Performance

ENDTF remained flat at C$11.19 during trading on Thursday. 74 shares of the company’s stock were exchanged, compared to its average volume of 2,894. 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 twelve month low of C$8.06 and a twelve month high of C$11.75. The business’s 50-day simple moving average is C$10.91 and its two-hundred day simple moving average is C$10.42. The stock has a market capitalization of C$1.34 billion and a P/E ratio of 3.18.

Canoe EIT Income Fund Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.072 per share. This represents a yield of 7.79%. The ex-dividend date of this dividend is Friday, November 22nd. Canoe EIT Income Fund’s dividend payout ratio (DPR) 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.