Purpose High Interest Savings Fund (TSE:PSA) Reaches New 12-Month Low – What’s Next?

Shares of Purpose High Interest Savings Fund (TSE:PSAGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$50.00 and last traded at C$50.01, with a volume of 86587 shares. The stock had previously closed at C$50.09.

Purpose High Interest Savings Fund Stock Down 0.2%

The business has a fifty day moving average price of C$50.05 and a 200-day moving average price of C$50.05.

Purpose High Interest Savings Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd will be given a $0.0866 dividend. The ex-dividend date is Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 2.1%.

About Purpose High Interest Savings Fund

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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.

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