Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Up 356.1% in November

Canoe EIT Income Fund (OTCMKTS:ENDTF) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 60,200 shares, a growth of 356.1% from the October 31st total of 13,200 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is currently 24.1 days.

Canoe EIT Income Fund Price Performance

Shares of ENDTF remained flat at C$11.19 during mid-day trading on Wednesday. 10 shares of the stock were exchanged, compared to its average volume of 2,894. The firm has a 50-day moving average of C$10.90 and a two-hundred day moving average of C$10.42. Canoe EIT Income Fund has a 12 month low of C$8.06 and a 12 month high of C$11.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. The stock has a market cap of C$1.34 billion and a price-to-earnings ratio of 3.18.

Canoe EIT Income Fund Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be given a $0.072 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 7.79%. 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.