Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Down 29.4% in May

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 25,500 shares, a decline of 29.4% from the April 30th total of 36,100 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 42.5 days. Approximately 0.0% of the shares of the company are short sold.

Canoe EIT Income Fund Stock Performance

OTCMKTS:ENDTF traded down C$0.01 during trading hours on Tuesday, hitting C$11.22. 393 shares of the company traded hands, compared to its average volume of 2,129. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. Canoe EIT Income Fund has a twelve month low of C$8.06 and a twelve month high of C$11.75. The firm has a 50-day moving average of C$10.76 and a 200 day moving average of C$10.73. The stock has a market capitalization of C$1.34 billion and a price-to-earnings ratio of 3.19.

Canoe EIT Income Fund Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.0724 per share. This is an increase from Canoe EIT Income Fund’s previous dividend of $0.07. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 7.84%. Canoe EIT Income Fund’s payout ratio is presently 17.05%.

Canoe EIT Income Fund Company Profile

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors.