Madison Covered Call ETF (NYSEARCA:CVRD) Sees Significant Increase in Short Interest

Madison Covered Call ETF (NYSEARCA:CVRD) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 324 shares, a growth of 133.1% from the September 30th total of 139 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 368 shares, the days-to-cover ratio is currently 0.9 days.

Madison Covered Call ETF Trading Down 0.3%

Shares of Madison Covered Call ETF stock traded down $0.06 on Friday, reaching $18.80. The stock had a trading volume of 11 shares, compared to its average volume of 1,650. The business’s 50 day moving average is $18.55 and its two-hundred day moving average is $18.47. The company has a market cap of $31.02 million, a P/E ratio of 18.76 and a beta of 0.57. Madison Covered Call ETF has a 1 year low of $17.56 and a 1 year high of $22.40.

Madison Covered Call ETF Company Profile

The Madison Covered Call ETF (CVRD) is an exchange-traded fund that mostly invests in total market equity. The fund focuses on income generation by investing in US large- and mid-cap stocks that pay dividends, combined with an option writing strategy. The fund is actively managed CVRD was launched on Aug 22, 2023 and is issued by Madison.