Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Rating) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 123,800 shares, a growth of 12.1% from the March 31st total of 110,400 shares. Based on an average trading volume of 47,100 shares, the short-interest ratio is currently 2.6 days.
Hedge Funds Weigh In On Madison Covered Call & Equity Strategy Fund
Institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in Madison Covered Call & Equity Strategy Fund during the first quarter worth about $41,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Madison Covered Call & Equity Strategy Fund in the 4th quarter valued at approximately $80,000. Janney Montgomery Scott LLC purchased a new stake in shares of Madison Covered Call & Equity Strategy Fund in the 1st quarter valued at approximately $100,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Madison Covered Call & Equity Strategy Fund in the 3rd quarter valued at approximately $86,000. Finally, ELCO Management Co. LLC purchased a new stake in shares of Madison Covered Call & Equity Strategy Fund in the 3rd quarter valued at approximately $141,000.
Get Madison Covered Call & Equity Strategy Fund alerts:Madison Covered Call & Equity Strategy Fund Price Performance
Shares of NYSE:MCN remained flat at $8.36 during trading on Tuesday. The stock had a trading volume of 132,013 shares, compared to its average volume of 49,212. The stock has a fifty day moving average of $8.05 and a two-hundred day moving average of $7.82. Madison Covered Call & Equity Strategy Fund has a 12-month low of $6.27 and a 12-month high of $8.60.
Madison Covered Call & Equity Strategy Fund Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Thursday, March 16th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 8.61%. The ex-dividend date of this dividend was Wednesday, March 15th.
Madison Covered Call & Equity Strategy Fund Company Profile
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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.
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