Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Short Interest Down 14.4% in March

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 25,500 shares, a decline of 14.4% from the February 28th total of 29,800 shares. Based on an average daily trading volume, of 63,000 shares, the short-interest ratio is currently 0.4 days.

Madison Covered Call & Equity Strategy Fund Trading Up 0.3 %

Madison Covered Call & Equity Strategy Fund stock traded up $0.02 during trading on Wednesday, hitting $6.16. 5,092 shares of the company were exchanged, compared to its average volume of 62,025. Madison Covered Call & Equity Strategy Fund has a 52 week low of $6.06 and a 52 week high of $7.60. The business’s 50 day moving average is $6.38 and its 200 day moving average is $6.75.

Madison Covered Call & Equity Strategy Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a $0.18 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.72 dividend on an annualized basis and a yield of 11.69%.

Hedge Funds Weigh In On Madison Covered Call & Equity Strategy Fund

Institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC raised its holdings in Madison Covered Call & Equity Strategy Fund by 319.1% during the 4th quarter. Wolverine Asset Management LLC now owns 12,358 shares of the investment management company’s stock valued at $83,000 after acquiring an additional 9,409 shares during the period. Virtu Financial LLC purchased a new position in shares of Madison Covered Call & Equity Strategy Fund in the third quarter valued at $86,000. Jane Street Group LLC bought a new stake in shares of Madison Covered Call & Equity Strategy Fund during the 3rd quarter valued at $192,000. Stratos Wealth Partners LTD. lifted its holdings in Madison Covered Call & Equity Strategy Fund by 40.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 29,158 shares of the investment management company’s stock worth $196,000 after purchasing an additional 8,441 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in Madison Covered Call & Equity Strategy Fund in the 3rd quarter worth about $213,000.

Madison Covered Call & Equity Strategy Fund Company Profile

Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.