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 December. As of December 15th, there was short interest totaling 7,217 shares, a decrease of 64.8% from the November 30th total of 20,491 shares. Based on an average trading volume of 54,932 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 54,932 shares, the short-interest ratio is presently 0.1 days.

Madison Covered Call & Equity Strategy Fund Stock Performance

Shares of Madison Covered Call & Equity Strategy Fund stock remained flat at $5.94 during trading on Friday. 104,747 shares of the stock were exchanged, compared to its average volume of 70,097. Madison Covered Call & Equity Strategy Fund has a one year low of $5.16 and a one year high of $6.83. The stock’s 50-day moving average is $5.95 and its two-hundred day moving average is $6.12.

Madison Covered Call & Equity Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.06 dividend. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a yield of 12.1%.

Hedge Funds Weigh In On Madison Covered Call & Equity Strategy Fund

Several hedge funds have recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new stake in Madison Covered Call & Equity Strategy Fund in the second quarter worth $27,000. Bank of America Corp DE bought a new position in Madison Covered Call & Equity Strategy Fund in the 2nd quarter worth $48,000. Tactive Advisors LLC purchased a new stake in shares of Madison Covered Call & Equity Strategy Fund in the 3rd quarter worth about $71,000. Susquehanna International Group LLP bought a new stake in shares of Madison Covered Call & Equity Strategy Fund during the 3rd quarter valued at about $87,000. Finally, Cetera Investment Advisers bought a new stake in shares of Madison Covered Call & Equity Strategy Fund during the 2nd quarter valued at about $88,000.

Madison Covered Call & Equity Strategy Fund Company Profile

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.