Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Shares Shorted: Short Interest Down 90.9% in October

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 2,330 shares, a decline of 90.9% from the October 15th total of 25,714 shares. Based on an average daily trading volume, of 66,146 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

Several institutional investors have recently added to or reduced their stakes in MCN. Axiom Investment Management LLC acquired a new stake in Madison Covered Call & Equity Strategy Fund during the 1st quarter valued at approximately $25,000. CoreCap Advisors LLC raised its holdings in shares of Madison Covered Call & Equity Strategy Fund by 400.0% during the third quarter. CoreCap Advisors LLC now owns 7,500 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 6,000 shares during the period. Tactive Advisors LLC raised its stake in Madison Covered Call & Equity Strategy Fund by 40.1% during the 2nd quarter. Tactive Advisors LLC now owns 16,958 shares of the investment management company’s stock worth $94,000 after buying an additional 4,855 shares during the period. Blue Bell Private Wealth Management LLC raised its position in shares of 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 purchasing an additional 21,584 shares during the period. Finally, Susquehanna International Group LLP lifted its stake in shares of Madison Covered Call & Equity Strategy Fund by 84.9% in the second quarter. Susquehanna International Group LLP now owns 37,372 shares of the investment management company’s stock valued at $206,000 after buying an additional 17,162 shares in the last quarter.

Madison Covered Call & Equity Strategy Fund Trading Up 0.3%

Shares of MCN stock traded up $0.01 on Wednesday, hitting $5.46. The company had a trading volume of 18,004 shares, compared to its average volume of 65,985. The stock’s 50-day moving average is $5.40 and its two-hundred day moving average is $5.71. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Monday, November 16th.

About Madison Covered Call & Equity Strategy Fund

Madison Covered Call & Equity Strategy Fund (NYSE: MCN) is a closed-end investment company managed by Madison Investments. The fund seeks to provide current income and long-term capital appreciation through a portfolio of equity securities and an options-writing strategy. The fund primarily invests in publicly traded common stocks, generally emphasizing established U.S. companies across a range of industries. It writes covered call options on some of its equity holdings, a strategy designed to generate additional income while potentially limiting participation in some stock-price gains.