Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Down 27.0% in January

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 11,100 shares, a decline of 27.0% from the January 15th total of 15,200 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 2.8 days.

Canoe EIT Income Fund Stock Performance

ENDTF stock traded up C$0.08 during midday trading on Friday, reaching C$10.91. 772 shares of the company were exchanged, compared to its average volume of 3,057. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average price of C$10.68 and a two-hundred day moving average price of C$10.68. Canoe EIT Income Fund has a one year low of C$8.06 and a one year high of C$11.75. The firm has a market capitalization of C$1.30 billion and a price-to-earnings ratio of 3.10.

Canoe EIT Income Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.0696 per share. The ex-dividend date was Wednesday, January 22nd. This represents a yield of 7.82%. Canoe EIT Income Fund’s dividend payout ratio (DPR) is 17.05%.

About Canoe EIT Income Fund

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.