Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Down 5.6% in December

Canoe EIT Income Fund (OTCMKTS:ENDTF – Get Rating) was the target of a significant decline in short interest in December. As of December 30th, there was short interest totalling 37,300 shares, a decline of 5.6% from the December 15th total of 39,500 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is presently 17.0 days.

Canoe EIT Income Fund Stock Up 1.0 %

ENDTF opened at C$10.26 on Monday. The business’s 50-day simple moving average is C$10.08 and its 200-day simple moving average is C$9.79. 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 has a one year low of C$8.75 and a one year high of C$11.89. The stock has a market capitalization of C$1.23 billion and a P/E ratio of -15.11.

Canoe EIT Income Fund Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th will be given a dividend of $0.0744 per share. The ex-dividend date of this dividend is Thursday, January 19th. This represents a dividend yield of 8.67%. This is a boost from Canoe EIT Income Fund’s previous dividend of $0.07. Canoe EIT Income Fund’s payout ratio is -176.73%.

Canoe EIT Income Fund Company Profile

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Canoe EIT Income Fund is a closed-end investment trust, which objective is to maximize monthly distributions and net asset value while maintaining a diversified investment portfolio. The company was founded on August 5, 1997 and is headquartered in Calgary, Canada.