Madison Covered Call & Equity Strategy Fund (NYSE:MCN) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 307,600 shares, a growth of 25.9% from the March 31st total of 244,300 shares. Based on an average daily trading volume, of 94,200 shares, the short-interest ratio is presently 3.3 days.
NYSE:MCN traded up $0.07 during midday trading on Tuesday, hitting $8.01. 68,311 shares of the company traded hands, compared to its average volume of 96,253. The firm’s fifty day moving average is $7.75 and its 200-day moving average is $7.01. Madison Covered Call & Equity Strategy Fund has a 12-month low of $5.30 and a 12-month high of $8.02.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Tuesday, March 16th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 15th. This represents a $0.72 annualized dividend and a yield of 8.99%.
About Madison Covered Call & Equity Strategy Fund
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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