Canoe EIT Income Fund (OTCMKTS:ENDTF) Sees Significant Decline in Short Interest

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 13,200 shares, a drop of 27.1% from the October 15th total of 18,100 shares. Based on an average daily trading volume, of 7,800 shares, the days-to-cover ratio is currently 1.7 days.

Canoe EIT Income Fund Stock Down 0.4 %

OTCMKTS ENDTF traded down C$0.04 on Friday, reaching C$11.00. The company had a trading volume of 6,502 shares, compared to its average volume of 2,798. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. Canoe EIT Income Fund has a 1 year low of C$8.06 and a 1 year high of C$11.75. The firm has a 50-day moving average of C$10.81 and a 200-day moving average of C$10.36. The firm has a market capitalization of C$1.31 billion and a PE ratio of 3.13.

Canoe EIT Income Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Wednesday, October 23rd were paid a $0.0737 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a dividend yield of 8.12%. Canoe EIT Income Fund’s dividend payout ratio (DPR) is presently 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.