Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Shares Shorted: Short Interest Down 90.9% in October

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 2,330 shares, a decrease of 90.9% from the October 15th total of 25,714 shares. Based on an average daily volume of 66,146 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MCN. Axiom Investment Management LLC bought a new stake in Madison Covered Call & Equity Strategy Fund during the 1st quarter worth approximately $25,000. CoreCap Advisors LLC increased its position in Madison Covered Call & Equity Strategy Fund by 400.0% in the 3rd quarter. CoreCap Advisors LLC now owns 7,500 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 6,000 shares during the period. Tactive Advisors LLC increased its position in Madison Covered Call & Equity Strategy Fund by 40.1% in the 2nd quarter. Tactive Advisors LLC now owns 16,958 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 4,855 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in shares of Madison Covered Call & Equity Strategy Fund by 798.2% during 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 acquiring an additional 21,584 shares during the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Madison Covered Call & Equity Strategy Fund by 84.9% during the second quarter. Susquehanna International Group LLP now owns 37,372 shares of the investment management company’s stock valued at $206,000 after acquiring an additional 17,162 shares during the last quarter.

Madison Covered Call & Equity Strategy Fund Price Performance

Madison Covered Call & Equity Strategy Fund stock traded down $0.01 during trading hours on Thursday, hitting $5.46. The stock had a trading volume of 27,752 shares, compared to its average volume of 66,014. Madison Covered Call & Equity Strategy Fund has a one year low of $5.18 and a one year high of $6.20. The business’s 50 day simple moving average is $5.40 and its 200-day simple moving average is $5.71.

Madison Covered Call & Equity Strategy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.72 annualized dividend and a dividend yield of 13.2%.

Madison Covered Call & Equity Strategy Fund Company Profile

Madison Covered Call & Equity Strategy Fund (NYSE: MCN) is a closed-end investment company managed by Madison Investments. The fund seeks to provide current income and long-term capital appreciation through a portfolio of equity securities and an options-writing strategy. The fund primarily invests in publicly traded common stocks, generally emphasizing established U.S. companies across a range of industries. It writes covered call options on some of its equity holdings, a strategy designed to generate additional income while potentially limiting participation in some stock-price gains.