Purpose High Interest Savings Fund (TSE:PSA) Sets New 52-Week Low – What’s Next?

Purpose High Interest Savings Fund (TSE:PSA) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$50.00 and last traded at C$50.01, with a volume of 78325 shares changing hands. The stock had previously closed at C$50.09.

Purpose High Interest Savings Fund Trading Up 0.0%

The business’s 50-day simple moving average is C$50.05 and its two-hundred day simple moving average is C$50.05.

Purpose High Interest Savings Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, August 5th will be issued a $0.0989 dividend. This is a boost from Purpose High Interest Savings Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a c) annualized dividend and a yield of 2.4%.

About Purpose High Interest Savings Fund

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.