Purpose High Interest Savings Fund (TSE:PSA) Reaches New 12-Month Low – Should You Sell?

Shares of Purpose High Interest Savings Fund (TSE:PSAGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$50.00 and last traded at C$50.01, with a volume of 114934 shares trading hands. The stock had previously closed at C$50.08.

Purpose High Interest Savings Fund Stock Down 0.2%

The business has a fifty day moving average of C$50.05 and a two-hundred day moving average of C$50.06.

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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