Canoe EIT Income Fund Short Interest Declines by 27% in January

Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) experienced a notable decrease in short interest during January. By January 31st, the total short interest stood at 11,100 shares, marking a 27.0% reduction from the 15,200 shares reported on January 15th. Furthermore, given the average daily trading volume of 4,000 shares, the days-to-cover ratio is currently at 2.8 days.

Canoe EIT Income Fund Stock Performance

On Friday, ETDF stock rose by C$0.08 during midday trading, reaching a price of C$10.91. A total of 772 shares were traded, compared to an average trading volume of 3,057 shares. The company maintains a debt-to-equity ratio of 29.91, along with a current ratio and quick ratio both at 0.96. The 50-day moving average price is C$10.68, while the two-hundred day moving average is also C$10.68. Over the past year, Canoe EIT Income Fund recorded a low of C$8.06 and a high of C$11.75. The firm's market capitalization is C$1.30 billion, accompanied by a price-to-earnings ratio of 3.10.

Canoe EIT Income Fund Declares Dividend

Recently, the company announced a dividend that was distributed on Friday, February 14th. Shareholders on record as of Thursday, January 23rd, received a dividend of $0.0696 per share. The ex-dividend date was set for Wednesday, January 22nd, resulting in a yield of 7.82%. Canoe EIT Income Fund's dividend payout ratio (DPR) stands at 17.05%.

About Canoe EIT Income Fund

Canoe EIT Income Fund is a closed-ended balanced fund that is both launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund's investment strategy covers public equity and fixed-income markets within Canada and the United States, focusing on diverse sectors for its equity investments.

Considerations for Investors

Before making any investment decisions regarding Canoe EIT Income Fund, it's important to note that while it holds a "Hold" rating from analysts, other stocks may present more promising opportunities. Investors should examine various options and consider the comprehensive market analysis available.

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