Purpose High Interest Savings Fund (TSE:PSA) Trading 0% Higher – Here’s What Happened

Shares of Purpose High Interest Savings Fund (TSE:PSA) shot up 0% during mid-day trading on Monday . The stock traded as high as C$50.08 and last traded at C$50.08. Approximately 61,867 shares were traded during trading, a decline of 42% from the average session volume of 107,389 shares. The stock had previously closed at C$50.07.

Purpose High Interest Savings Fund Stock Performance

The company has a 50 day moving average of C$50.05 and a 200-day moving average of C$50.05.

Purpose High Interest Savings Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.0989 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Purpose High Interest Savings Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Wednesday, July 29th.

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.