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

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 11,359 shares, a growth of 57.4% from the December 15th total of 7,217 shares. Based on an average daily volume of 102,992 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 102,992 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

Several hedge funds have recently made changes to their positions in the stock. Shaker Financial Services LLC increased its position in Madison Covered Call & Equity Strategy Fund by 17.4% in the third quarter. Shaker Financial Services LLC now owns 534,836 shares of the investment management company’s stock worth $3,332,000 after buying an additional 79,356 shares during the period. Calamos Advisors LLC boosted its holdings in shares of Madison Covered Call & Equity Strategy Fund by 21.7% during the third quarter. Calamos Advisors LLC now owns 92,174 shares of the investment management company’s stock valued at $569,000 after acquiring an additional 16,460 shares during the period. Independent Wealth Network Inc. grew its position in shares of Madison Covered Call & Equity Strategy Fund by 6.3% during the third quarter. Independent Wealth Network Inc. now owns 59,132 shares of the investment management company’s stock worth $365,000 after acquiring an additional 3,521 shares during the last quarter. Tactive Advisors LLC bought a new position in shares of Madison Covered Call & Equity Strategy Fund during the third quarter worth about $71,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Madison Covered Call & Equity Strategy Fund by 7.8% in the 2nd quarter. Osaic Holdings Inc. now owns 836,592 shares of the investment management company’s stock worth $5,229,000 after acquiring an additional 60,626 shares during the period.

Madison Covered Call & Equity Strategy Fund Stock Down 1.3%

NYSE MCN opened at $5.96 on Friday. Madison Covered Call & Equity Strategy Fund has a one year low of $5.16 and a one year high of $6.72. The company has a 50-day simple moving average of $5.95 and a 200-day simple moving average of $6.11.

Madison Covered Call & Equity Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Thursday, January 15th.

About Madison Covered Call & Equity Strategy Fund

Madison Covered Call & Equity Strategy Fund (NYSE: MCN) is a closed-end management investment company designed to provide investors with total return through a blend of current income and capital appreciation. Listed on the New York Stock Exchange, the Fund pursues its objective by investing primarily in equity securities of U.S. companies and employing an options overlay to enhance income generation.

The Fund’s investment approach centers on fundamental analysis to identify large- and mid-cap stocks with attractive risk/return profiles.