Purpose High Interest Savings Fund (TSE:PSA) Trading Up 0% – Here’s Why

Purpose High Interest Savings Fund (TSE:PSA)’s stock price was up 0% on Friday . The company traded as high as C$50.08 and last traded at C$50.08. Approximately 61,281 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 117,188 shares. The stock had previously closed at C$50.06.

Purpose High Interest Savings Fund Stock Up 0.0%

The stock’s fifty day moving average is C$50.05 and its two-hundred day moving average is C$50.05.

Purpose High Interest Savings Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were issued a $0.0889 dividend. This is an increase from Purpose High Interest Savings Fund’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%.

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.