Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Short Interest Update

Madison Covered Call & Equity Strategy Fund (NYSE:MCNGet Rating) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 82,400 shares, a decrease of 41.6% from the March 15th total of 141,100 shares. Based on an average daily trading volume, of 58,200 shares, the short-interest ratio is presently 1.4 days.

Shares of MCN opened at $7.77 on Friday. The firm has a 50-day moving average price of $7.83 and a 200 day moving average price of $7.90. Madison Covered Call & Equity Strategy Fund has a 52-week low of $7.17 and a 52-week high of $8.54.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Wednesday, March 16th were given a $0.18 dividend. The ex-dividend date was Tuesday, March 15th. This represents a $0.72 dividend on an annualized basis and a yield of 9.27%.

A number of institutional investors and hedge funds have recently made changes to their positions in MCN. Private Advisor Group LLC grew its position in Madison Covered Call & Equity Strategy Fund by 47.7% in the 3rd quarter. Private Advisor Group LLC now owns 29,100 shares of the investment management company’s stock valued at $228,000 after buying an additional 9,400 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Madison Covered Call & Equity Strategy Fund by 17.5% in the 3rd quarter. Avantax Advisory Services Inc. now owns 13,715 shares of the investment management company’s stock valued at $108,000 after buying an additional 2,041 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Madison Covered Call & Equity Strategy Fund by 11.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 79,986 shares of the investment management company’s stock valued at $628,000 after purchasing an additional 8,524 shares in the last quarter. Raymond James & Associates boosted its position in shares of Madison Covered Call & Equity Strategy Fund by 37.6% during the 3rd quarter. Raymond James & Associates now owns 19,631 shares of the investment management company’s stock valued at $154,000 after purchasing an additional 5,367 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of Madison Covered Call & Equity Strategy Fund by 10.3% during the 3rd quarter. Advisor Group Holdings Inc. now owns 589,921 shares of the investment management company’s stock valued at $4,632,000 after purchasing an additional 55,200 shares in the last quarter.

Madison Covered Call & Equity Strategy Fund Company Profile (Get Rating)

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.

Further Reading

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