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

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 30,969 shares, an increase of 84.3% from the February 26th total of 16,800 shares. Based on an average trading volume of 59,745 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in shares of Madison Covered Call & Equity Strategy Fund during the fourth quarter worth $37,000. International Assets Investment Management LLC bought a new position in Madison Covered Call & Equity Strategy Fund during the fourth quarter worth about $43,000. Bank of America Corp DE acquired a new position in shares of Madison Covered Call & Equity Strategy Fund during the 2nd quarter worth about $48,000. Jane Street Group LLC bought a new stake in shares of Madison Covered Call & Equity Strategy Fund in the 4th quarter valued at about $67,000. Finally, Tactive Advisors LLC acquired a new stake in shares of Madison Covered Call & Equity Strategy Fund in the 3rd quarter valued at approximately $71,000.

Madison Covered Call & Equity Strategy Fund Trading Down 1.0%

Shares of MCN traded down $0.06 during trading hours on Friday, hitting $5.71. 59,146 shares of the stock traded hands, compared to its average volume of 74,038. The business has a fifty day moving average of $6.00 and a 200-day moving average of $6.02. Madison Covered Call & Equity Strategy Fund has a 1-year low of $5.16 and a 1-year high of $6.39.

Madison Covered Call & Equity Strategy Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be paid a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Monday, March 16th.

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.