Madison Covered Call ETF (NYSEARCA:CVRD) Sees Large Drop in Short Interest

Madison Covered Call ETF (NYSEARCA:CVRD) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 371 shares, a drop of 23.8% from the February 26th total of 487 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 72 shares, the days-to-cover ratio is currently 5.2 days.

Madison Covered Call ETF Trading Down 3.2%

NYSEARCA:CVRD opened at $17.56 on Friday. The company has a market cap of $34.42 million, a PE ratio of 18.76 and a beta of 0.60. Madison Covered Call ETF has a twelve month low of $15.61 and a twelve month high of $22.40. The company’s 50 day moving average is $18.61 and its two-hundred day moving average is $18.64.

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.