Canoe EIT Income Fund (OTCMKTS:ENDTF) Sees Significant Decrease in Short Interest

Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 8,600 shares, a drop of 85.7% from the November 15th total of 60,200 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 1.6 days.

Canoe EIT Income Fund Stock Performance

Shares of Canoe EIT Income Fund stock traded down C$0.11 on Thursday, hitting C$11.00. 100 shares of the company’s stock were exchanged, compared to its average volume of 2,847. The company has a 50-day simple moving average of C$11.00 and a 200-day simple moving average of C$10.48. The stock has a market capitalization of C$1.31 billion and a PE ratio of 3.16. Canoe EIT Income Fund has a 1 year low of C$8.06 and a 1 year 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.

Canoe EIT Income Fund Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders 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 is Friday, November 22nd. Canoe EIT Income Fund’s dividend payout ratio is presently 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.