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

Shares of Purpose High Interest Savings Fund (TSE:PSAGet Free Report) reached a new 52-week low on Friday . The stock traded as low as C$50.00 and last traded at C$50.01, with a volume of 65859 shares traded. The stock had previously closed at C$50.09.

Purpose High Interest Savings Fund Price Performance

The stock’s 50-day moving average price is C$50.05 and its 200-day moving average price is C$50.05.

Purpose High Interest Savings Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd will be issued a $0.0898 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 2.2%.

Purpose High Interest Savings Fund Company Profile

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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.

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