Short Interest in Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Expands By 294.2%

Posted by George Bondi on Jul 26th, 2026

Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 58,608 shares, an increase of 294.2% from the June 30th total of 14,866 shares. Based on an average daily volume of 60,357 shares, the days-to-cover ratio is presently 1.0 days.

Madison Covered Call & Equity Strategy Fund Stock Up 0.3%

MCN stock traded up $0.01 on Friday, reaching $5.57. 21,542 shares of the company traded hands, compared to its average volume of 69,219. Madison Covered Call & Equity Strategy Fund has a one year low of $5.46 and a one year high of $6.39. The firm has a fifty day simple moving average of $5.67 and a 200-day simple moving average of $5.86.

Madison Covered Call & Equity Strategy Fund Dividend Announcement

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

Institutional Trading of Madison Covered Call & Equity Strategy Fund

Several institutional investors have recently bought and sold shares of the company. Absolute Investment Advisers LLC increased its stake in Madison Covered Call & Equity Strategy Fund by 174.0% during the 4th 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. purchased a new position in Madison Covered Call & Equity Strategy Fund in the second quarter worth about $1,305,000. Guggenheim Capital LLC bought a new position in shares of Madison Covered Call & Equity Strategy Fund in the fourth quarter worth approximately $993,000. Shaker Financial Services LLC lifted its stake in shares of Madison Covered Call & Equity Strategy Fund by 27.9% in the fourth quarter. Shaker Financial Services LLC now owns 684,108 shares of the investment management company’s stock worth $4,105,000 after buying an additional 149,272 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Madison Covered Call & Equity Strategy Fund by 140.9% in the fourth quarter. Quarry LP now owns 168,937 shares of the investment management company’s stock worth $1,014,000 after buying an additional 98,797 shares in the last quarter.

About Madison Covered Call & Equity Strategy Fund

(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.