Madison Covered Call ETF (NYSEARCA:CVRD) Sees Large Drop in Short Interest

Madison Covered Call ETF (NYSEARCA:CVRD) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 371 shares, a decrease of 23.8% from the February 26th total of 487 shares. Based on an average daily volume of 72 shares, the short-interest ratio is presently 5.2 days. Currently, 0.0% of the shares of the company are sold short.

Madison Covered Call ETF Price Performance

Shares of NYSEARCA CVRD opened at $17.56 on Friday. The stock has a market capitalization of $34.42 million, a price-to-earnings ratio of 18.76 and a beta of 0.60. Madison Covered Call ETF has a 12 month low of $15.61 and a 12 month high of $22.40. The firm’s 50 day simple moving average is $18.61 and its 200-day simple moving average is $18.64.

Madison Covered Call ETF Company Profile

The Madison Covered Call ETF (CVRD) is an exchange-traded fund that mostly invests in total market equity. The fund focuses on income generation by investing in US large- and mid-cap stocks that pay dividends, combined with an option writing strategy. The fund is actively managed CVRD was launched on Aug 22, 2023 and is issued by Madison.