Purpose High Interest Savings Fund (TSE:PSA) Hits New 1-Year Low – What’s Next?

Purpose High Interest Savings Fund (TSE:PSA) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$50.00 and last traded at C$50.00, with a volume of 91439 shares. The stock had previously closed at C$50.09.

Purpose High Interest Savings Fund Stock Down 0.2%

The firm’s fifty day moving average is C$50.05 and its 200 day moving average is C$50.05.

Purpose High Interest Savings Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 4th. Investors of record on Monday, May 4th were issued a $0.0953 dividend. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, April 28th. This is a boost from Purpose High Interest Savings Fund’s previous monthly dividend of $0.09.

Purpose High Interest Savings Fund Company Profile

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions. During the period ended June 30, 2021 the portfolio was invested in cash accounts and term deposits diversified between seven Canadian financial institutions.