Purpose High Interest Savings Fund (TSE:PSA) Trading Up 0% – What’s Next?

Purpose High Interest Savings Fund (TSE:PSA)’s share price shot up 0% during trading on Friday . The stock traded as high as C$50.08 and last traded at C$50.08. Approximately 77,848 shares were traded during trading, a decline of 30% from the average daily volume of 111,174 shares. The stock had previously closed at C$50.07.

Purpose High Interest Savings Fund Price Performance

The stock has a 50 day moving average price of C$50.05 and a two-hundred day moving average price of C$50.05.

Purpose High Interest Savings Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued a $0.0898 dividend. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, June 26th.

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.