Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Stock Short Interest Report for October

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 25,714 shares, an increase of 64.0% from the September 30th total of 15,680 shares. Based on an average trading volume of 52,439 shares, the days-to-cover ratio is currently 0.5 days.

Madison Covered Call & Equity Strategy Fund Trading Down 0.4%

Shares of MCN stock opened at $5.38 on Wednesday. The business’s 50 day simple moving average is $5.43 and its 200 day simple moving average is $5.72. Madison Covered Call & Equity Strategy Fund has a one year low of $5.18 and a one year high of $6.20.

Madison Covered Call & Equity Strategy Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a $0.06 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.4%.

Institutional Investors Weigh In On Madison Covered Call & Equity Strategy Fund

A number of institutional investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its holdings in Madison Covered Call & Equity Strategy Fund by 798.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 24,288 shares of the investment management company’s stock valued at $128,000 after buying an additional 21,584 shares during the period. Isthmus Partners LLC acquired a new stake in Madison Covered Call & Equity Strategy Fund during the 3rd quarter worth about $400,000. Shaker Financial Services LLC grew its holdings in Madison Covered Call & Equity Strategy Fund by 28.3% during the 3rd quarter. Shaker Financial Services LLC now owns 546,122 shares of the investment management company’s stock worth $2,902,000 after acquiring an additional 120,532 shares during the period. CoreCap Advisors LLC grew its holdings in Madison Covered Call & Equity Strategy Fund by 400.0% during the 3rd quarter. CoreCap Advisors LLC now owns 7,500 shares of the investment management company’s stock worth $39,000 after acquiring an additional 6,000 shares during the period. Finally, Tactive Advisors LLC raised its position in shares of Madison Covered Call & Equity Strategy Fund by 29.1% in the 3rd quarter. Tactive Advisors LLC now owns 21,885 shares of the investment management company’s stock worth $115,000 after acquiring an additional 4,927 shares in the last quarter.

Madison Covered Call & Equity Strategy Fund Company Profile