Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Up 287.5% in March

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 3,100 shares, an increase of 287.5% from the February 29th total of 800 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is currently 1.7 days.

Canoe EIT Income Fund Stock Performance

Shares of ENDTF stock opened at C$10.02 on Thursday. The firm has a market cap of C$1.20 billion and a price-to-earnings ratio of 2.85. Canoe EIT Income Fund has a 1 year low of C$8.76 and a 1 year high of C$10.13. The stock’s 50-day moving average is C$9.81 and its two-hundred day moving average is C$9.54. 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 Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 22nd will be issued a $0.0737 dividend. This represents a dividend yield of 8.8%. The ex-dividend date of this dividend is Thursday, March 21st. Canoe EIT Income Fund’s payout ratio is currently 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.