Purpose High Interest Savings Fund (TSE:PSA) Sets New 52-Week Low – Here’s What Happened

Purpose High Interest Savings Fund (TSE:PSA) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$50.00 and last traded at C$50.01, with a volume of 204847 shares. The stock had previously closed at C$50.09.

Purpose High Interest Savings Fund Stock Down 0.2%

The business’s 50 day moving average price is C$50.05 and its 200-day moving average price is C$50.05.

Purpose High Interest Savings Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 4th. Investors of record on Monday, May 4th will be given a $0.0953 dividend. This is a boost from Purpose High Interest Savings Fund’s previous monthly dividend of $0.09. The ex-dividend date is Tuesday, April 28th. This represents a c) annualized dividend and a yield of 2.3%.

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.