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

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 11,400 shares, a decrease of 42.4% from the December 31st total of 19,800 shares. Based on an average daily volume of 60,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MCN. Consolidated Portfolio Review Corp acquired a new stake in Madison Covered Call & Equity Strategy Fund during the 3rd quarter worth about $611,000. D.A. Davidson & CO. acquired a new position in Madison Covered Call & Equity Strategy Fund during the 3rd quarter valued at about $213,000. Jane Street Group LLC acquired a new position in Madison Covered Call & Equity Strategy Fund during the 3rd quarter valued at about $192,000. International Assets Investment Management LLC boosted its stake in Madison Covered Call & Equity Strategy Fund by 612.0% during the 3rd quarter. International Assets Investment Management LLC now owns 24,208 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 20,808 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Madison Covered Call & Equity Strategy Fund in the third quarter valued at approximately $86,000.

Madison Covered Call & Equity Strategy Fund Stock Down 0.2 %

Shares of MCN traded down $0.02 during trading hours on Wednesday, reaching $6.55. The stock had a trading volume of 88,983 shares, compared to its average volume of 64,366. Madison Covered Call & Equity Strategy Fund has a 12 month low of $6.52 and a 12 month high of $7.72. The company’s 50-day moving average is $6.80 and its two-hundred day moving average is $7.03.

About Madison Covered Call & Equity Strategy Fund

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.