Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Up 736.0% in December

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 71,900 shares, a growth of 736.0% from the November 30th total of 8,600 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 18.9 days.

Canoe EIT Income Fund Stock Performance

OTCMKTS:ENDTF traded down C$1.03 during trading hours on Thursday, reaching C$9.45. The stock had a trading volume of 1,498 shares, compared to its average volume of 2,835. Canoe EIT Income Fund has a 12-month low of C$8.06 and a 12-month high of C$11.75. The stock has a 50 day simple moving average of C$10.93 and a 200 day simple moving average of C$10.52. The stock has a market cap of C$1.13 billion and a P/E ratio of 2.68. 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 company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 23rd will be given a $0.0707 dividend. The ex-dividend date is Friday, December 20th. This represents a dividend yield of 7.78%. Canoe EIT Income Fund’s dividend payout ratio (DPR) is currently 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.