Canoe EIT Income Fund Experiences Significant Drop in Short Interest

Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) faced a notable decrease in short interest throughout January. As of January 31, the total short interest stood at 11,100 shares, down by 27.0% from the 15,200 shares reported on January 15. With an average daily trading volume of 4,000 shares, the current days-to-cover ratio is 2.8 days.

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Canoe EIT Income Fund Stock Performance

On a Friday in January, ENDTF stock saw an increase of C$0.08, reaching a midday price of C$10.91. During this trading session, 772 shares changed hands, which was lower than the average volume of 3,057 shares. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96, and a quick ratio of 0.96. The stock's 50-day moving average is C$10.68, with a similar two-hundred-day moving average also at C$10.68. Over the past year, Canoe EIT Income Fund has seen a low of C$8.06 and a high of C$11.75. Its market capitalization is approximately C$1.30 billion, and it has a price-to-earnings ratio of 3.10.

Canoe EIT Income Fund Dividends

Recently, the fund announced its latest dividend which was distributed on February 14. Shareholders on record as of January 23 received a dividend of $0.0696 per share, with the ex-dividend date being January 22. This dividend reflects a yield of 7.82%, while the dividend payout ratio (DPR) stands at 17.05%.

Understanding Canoe EIT Income Fund

Canoe EIT Income Fund is a closed-ended balanced fund managed by Canoe Financial LP in collaboration with Haber Trilix Advisors, LP. This fund aims to invest in both public equity and fixed income markets across Canada and the United States, targeting companies in a variety of sectors.

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This article was created utilizing advanced reporting technology and financial data sources to ensure accuracy. Thorough review was conducted before publication.

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