Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Rating) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 94,700 shares, a decrease of 49.5% from the April 30th total of 187,400 shares. Based on an average trading volume of 61,200 shares, the days-to-cover ratio is currently 1.5 days.
Madison Covered Call & Equity Strategy Fund Stock Up 0.3 %
NYSE:MCN traded up $0.02 during mid-day trading on Friday, reaching $7.46. 43,229 shares of the company were exchanged, compared to its average volume of 52,556. Madison Covered Call & Equity Strategy Fund has a 12 month low of $6.27 and a 12 month high of $8.60. The company has a fifty day moving average of $8.01 and a 200 day moving average of $7.87.
Madison Covered Call & Equity Strategy Fund Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Thursday, March 16th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date was Wednesday, March 15th.
Institutional Inflows and Outflows
Madison Covered Call & Equity Strategy Fund Company Profile
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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