Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Stock Short Interest Report for October

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) was the recipient of a significant growth in short interest in 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 trading volume of 52,439 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Axiom Investment Management LLC bought a new position in shares of Madison Covered Call & Equity Strategy Fund during the first quarter worth $25,000. CoreCap Advisors LLC increased its position 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 last quarter. Tactive Advisors LLC lifted its holdings in shares of 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 last quarter. Blue Bell Private Wealth Management LLC increased its stake in 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 worth $128,000 after acquiring an additional 21,584 shares during the last quarter. Finally, Arlington Capital Management Inc. lifted its stake in shares of 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 purchasing an additional 2,004 shares during the last quarter.

Madison Covered Call & Equity Strategy Fund Stock Performance

MCN stock traded up $0.01 during midday trading on Monday, hitting $5.42. The company’s stock had a trading volume of 29,254 shares, compared to its average volume of 65,129. The firm’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 12 month low of $5.18 and a 12 month high of $6.20.

Madison Covered Call & Equity Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.72 dividend on an annualized basis and a yield of 13.3%.

About Madison Covered Call & Equity Strategy Fund