Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Short Interest Down 14.4% in March

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 25,500 shares, a decline of 14.4% from the February 28th total of 29,800 shares. Based on an average trading volume of 63,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Madison Covered Call & Equity Strategy Fund

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Madison Covered Call & Equity Strategy Fund in the fourth quarter worth about $1,555,000. Atria Wealth Solutions Inc. raised its stake in Madison Covered Call & Equity Strategy Fund by 715.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 242,496 shares of the investment management company’s stock valued at $1,627,000 after acquiring an additional 212,745 shares during the period. Shaker Financial Services LLC bought a new stake in Madison Covered Call & Equity Strategy Fund during the 4th quarter valued at $1,296,000. World Equity Group Inc. boosted its holdings in shares of Madison Covered Call & Equity Strategy Fund by 108.1% in the fourth quarter. World Equity Group Inc. now owns 190,616 shares of the investment management company’s stock worth $1,279,000 after acquiring an additional 99,035 shares during the period. Finally, D.A. Davidson & CO. purchased a new stake in Madison Covered Call & Equity Strategy Fund during the 3rd quarter worth about $213,000.

Madison Covered Call & Equity Strategy Fund Stock Down 1.3 %

Shares of NYSE MCN opened at $6.05 on Thursday. The firm’s 50-day simple moving average is $6.36 and its 200 day simple moving average is $6.74. Madison Covered Call & Equity Strategy Fund has a fifty-two week low of $6.05 and a fifty-two week high of $7.60.

Madison Covered Call & Equity Strategy Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a $0.18 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.72 annualized dividend and a yield of 11.90%.

About Madison Covered Call & Equity Strategy Fund

Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.