Purpose High Interest Savings Fund (TSE:PSA) Stock Price Down 0% – Here’s What Happened

Shares of Purpose High Interest Savings Fund (TSE:PSA) were down 0% on Wednesday . The stock traded as low as C$50.06 and last traded at C$50.06. Approximately 64,920 shares changed hands during trading, a decline of 43% from the average daily volume of 113,429 shares. The stock had previously closed at C$50.07.

Purpose High Interest Savings Fund Stock Performance

The company has a fifty day simple moving average of C$50.05 and a two-hundred day simple moving average of C$50.05.

Purpose High Interest Savings Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, May 4th were paid a $0.0953 dividend. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a c) annualized dividend and a dividend yield of 2.3%. This is a positive change from Purpose High Interest Savings Fund’s previous monthly dividend of $0.09.

About Purpose High Interest Savings Fund

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions. During the period ended June 30, 2021 the portfolio was invested in cash accounts and term deposits diversified between seven Canadian financial institutions.