Canoe EIT Income Fund (OTCMKTS:ENDTF) Sees Large Decline in Short Interest

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 9,200 shares, a decline of 17.1% from the January 31st total of 11,100 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is presently 1.5 days.

Canoe EIT Income Fund Stock Performance

ENDTF stock traded up C$0.30 during mid-day trading on Thursday, hitting C$10.54. 108 shares of the company were exchanged, compared to its average volume of 2,924. The stock has a market capitalization of C$1.26 billion and a PE ratio of 2.99. 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$8.06 and a 1-year high of C$11.75. The business has a 50 day simple moving average of C$10.63 and a 200-day simple moving average of C$10.72.

Canoe EIT Income Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a $0.0698 dividend. This represents a yield of 7.68%. This is a positive change from Canoe EIT Income Fund’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, February 24th. Canoe EIT Income Fund’s dividend 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.