Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Shares Shorted: Short Interest Up 64.0% in October

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) saw a large 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 presently 0.5 days.

Madison Covered Call & Equity Strategy Fund Stock Performance

Madison Covered Call & Equity Strategy Fund stock traded up $0.01 during midday trading on Monday, reaching $5.42. The stock had a trading volume of 29,254 shares, compared to its average volume of 65,129. The company has a fifty day moving average price of $5.44 and a two-hundred day moving average price of $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 Announces Dividend

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

Hedge Funds Weigh In On Madison Covered Call & Equity Strategy Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arlington Capital Management Inc. grew its holdings in Madison Covered Call & Equity Strategy Fund by 8.1% during the first 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 period. Procyon Advisors LLC lifted its holdings in shares of Madison Covered Call & Equity Strategy Fund by 4.6% in the 1st quarter. Procyon Advisors LLC now owns 51,686 shares of the investment management company’s stock worth $301,000 after acquiring an additional 2,265 shares during the last quarter. World Equity Group Inc. increased its holdings in shares of Madison Covered Call & Equity Strategy Fund by 2.4% in the first quarter. World Equity Group Inc. now owns 113,928 shares of the investment management company’s stock worth $664,000 after buying an additional 2,698 shares during the period. Axiom Investment Management LLC bought a new position in shares of Madison Covered Call & Equity Strategy Fund in the first quarter worth approximately $25,000. Finally, Tactive Advisors LLC grew its stake in shares of Madison Covered Call & Equity Strategy Fund by 40.1% in the second quarter. Tactive Advisors LLC now owns 16,958 shares of the investment management company’s stock worth $94,000 after purchasing an additional 4,855 shares during the last quarter.

Madison Covered Call & Equity Strategy Fund Company Profile