Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Down 66.3% in January

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 24,200 shares, a decline of 66.3% from the December 31st total of 71,900 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is currently 6.1 days.

Canoe EIT Income Fund Stock Performance

Shares of Canoe EIT Income Fund stock traded up C$0.00 on Wednesday, reaching C$10.70. The stock had a trading volume of 1,362 shares, compared to its average volume of 2,269. The business’s 50-day moving average price is C$10.81 and its two-hundred day moving average price is C$10.64. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96. Canoe EIT Income Fund has a fifty-two week low of C$8.06 and a fifty-two week high of C$11.75. The stock has a market cap of C$1.28 billion and a P/E ratio of 3.04.

Canoe EIT Income Fund Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 23rd will be paid a dividend of $0.0696 per share. This represents a yield of 7.82%. The ex-dividend date is Wednesday, January 22nd. Canoe EIT Income Fund’s payout ratio 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.