Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Posted by Francis Steltz on Jul 19th, 2026

Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.88 and traded as low as $5.57. Madison Covered Call & Equity Strategy Fund shares last traded at $5.5990, with a volume of 47,814 shares trading hands.

Madison Covered Call & Equity Strategy Fund Stock Performance

The stock has a 50-day moving average of $5.70 and a 200-day moving average of $5.88.

Madison Covered Call & Equity Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Wednesday, July 15th.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

Several large investors have recently modified their holdings of the stock. Absolute Investment Advisers LLC raised its position in Madison Covered Call & Equity Strategy Fund by 174.0% during the fourth quarter. Absolute Investment Advisers LLC now owns 534,643 shares of the investment management company’s stock valued at $3,256,000 after purchasing an additional 339,488 shares in the last quarter. Invesco Ltd. bought a new stake in Madison Covered Call & Equity Strategy Fund during the second quarter worth $1,305,000. Guggenheim Capital LLC acquired a new stake in shares of Madison Covered Call & Equity Strategy Fund in the 4th quarter valued at $993,000. Shaker Financial Services LLC boosted its holdings in shares of Madison Covered Call & Equity Strategy Fund by 27.9% in the 4th quarter. Shaker Financial Services LLC now owns 684,108 shares of the investment management company’s stock valued at $4,105,000 after purchasing an additional 149,272 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Madison Covered Call & Equity Strategy Fund by 140.9% in the 4th quarter. Quarry LP now owns 168,937 shares of the investment management company’s stock valued at $1,014,000 after purchasing an additional 98,797 shares during the last quarter.

Madison Covered Call & Equity Strategy Fund Company Profile

(Get Free Report)

Madison Covered Call & Equity Strategy Fund (NYSE: MCN) is a closed-end management investment company designed to provide investors with total return through a blend of current income and capital appreciation. Listed on the New York Stock Exchange, the Fund pursues its objective by investing primarily in equity securities of U.S. companies and employing an options overlay to enhance income generation.

The Fund’s investment approach centers on fundamental analysis to identify large- and mid-cap stocks with attractive risk/return profiles.