Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Short Interest Update

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 34,800 shares, a decrease of 26.4% from the October 15th total of 47,300 shares. Based on an average daily volume of 55,100 shares, the days-to-cover ratio is currently 0.6 days.

Madison Covered Call & Equity Strategy Fund Stock Performance

Shares of NYSE:MCN remained flat at $7.01 during midday trading on Thursday. The stock had a trading volume of 55,134 shares, compared to its average volume of 48,599. Madison Covered Call & Equity Strategy Fund has a 52 week low of $6.84 and a 52 week high of $7.72. The business’s 50 day simple moving average is $7.10 and its 200-day simple moving average is $7.19.

Institutional Investors Weigh In On Madison Covered Call & Equity Strategy Fund

Hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. bought a new position in shares of Madison Covered Call & Equity Strategy Fund during the third quarter valued at about $213,000. Consolidated Portfolio Review Corp purchased a new stake in Madison Covered Call & Equity Strategy Fund in the 3rd quarter worth approximately $611,000. International Assets Investment Management LLC lifted its holdings in Madison Covered Call & Equity Strategy Fund by 612.0% in the 3rd quarter. International Assets Investment Management LLC now owns 24,208 shares of the investment management company’s stock worth $172,000 after purchasing an additional 20,808 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Madison Covered Call & Equity Strategy Fund by 83.0% during the second quarter. Commonwealth Equity Services LLC now owns 37,929 shares of the investment management company’s stock valued at $288,000 after buying an additional 17,206 shares during the last quarter. Finally, World Equity Group Inc. raised its position in Madison Covered Call & Equity Strategy Fund by 2.0% during the second quarter. World Equity Group Inc. now owns 90,746 shares of the investment management company’s stock valued at $690,000 after purchasing an additional 1,755 shares during the period.

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.