Purpose US Cash Fund ETF (TSE:PSU.U) Stock Price Up 0% – Here’s What Happened

Shares of Purpose US Cash Fund ETF (TSE:PSU.U) shot up 0% during mid-day trading on Friday . The company traded as high as C$100.12 and last traded at C$100.12. 23,427 shares were traded during mid-day trading, an increase of 49% from the average session volume of 15,759 shares. The stock had previously closed at C$100.08.

Purpose US Cash Fund ETF Trading Up 0.0%

The business has a 50-day moving average of C$100.16 and a 200 day moving average of C$100.17.

Purpose US Cash Fund ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd were given a dividend of $0.2897 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, November 26th.

Purpose US Cash Fund ETF Company Profile

This section outlines the investment objectives of each fund and the type of securities in which the fund may invest to achieve those investment objectives. A funds investment objectives may include capital preservation generating income capital growth or a combination of the three. Some mutual funds focus on diversification across asset classes while others take a focused investment theme investing in a particular country or sector as their objective. The fund invests primarily in high interest deposit accounts and highquality money market securities denominated in US dollars and generally with term to maturity not exceeding one year.