Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 25,714 shares, a growth of 64.0% from the September 30th total of 15,680 shares. Based on an average daily volume of 52,439 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Trading of Madison Covered Call & Equity Strategy Fund
Several hedge funds have recently added to or reduced their stakes in the business. Axiom Investment Management LLC bought a new stake in shares of Madison Covered Call & Equity Strategy Fund during the first quarter valued at about $25,000. CoreCap Advisors LLC lifted its holdings in Madison Covered Call & Equity Strategy Fund by 400.0% in the third quarter. CoreCap Advisors LLC now owns 7,500 shares of the investment management company’s stock worth $39,000 after purchasing an additional 6,000 shares during the period. Tactive Advisors LLC grew 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 buying an additional 4,855 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in Madison Covered Call & Equity Strategy Fund by 798.2% in the 3rd 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 in the last quarter. Finally, Arlington Capital Management Inc. grew its position in Madison Covered Call & Equity Strategy Fund by 8.1% in the 1st quarter. Arlington Capital Management Inc. now owns 26,834 shares of the investment management company’s stock valued at $156,000 after buying an additional 2,004 shares in the last quarter.
Madison Covered Call & Equity Strategy Fund Stock Up 0.3%
MCN opened at $5.42 on Tuesday. The business’s 50 day moving average is $5.44 and its 200-day moving average is $5.73. Madison Covered Call & Equity Strategy Fund has a twelve month low of $5.18 and a twelve month high of $6.20.
Madison Covered Call & Equity Strategy Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 13.3%. The ex-dividend date is Monday, November 16th.
About Madison Covered Call & Equity Strategy Fund
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