Short Interest in Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Drops By 81.7%

Posted by Brian Himes on Aug 28th, 2026

Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 8,836 shares, a decline of 81.7% from the July 30th total of 48,164 shares. Based on an average daily volume of 64,597 shares, the days-to-cover ratio is presently 0.1 days.

Madison Covered Call & Equity Strategy Fund Stock Performance

NYSE MCN remained flat at $5.65 during trading on Friday. 23,064 shares of the company’s stock traded hands, compared to its average volume of 66,660. The stock has a 50 day simple moving average of $5.60 and a two-hundred day simple moving average of $5.80. Madison Covered Call & Equity Strategy Fund has a 1-year low of $5.46 and a 1-year high of $6.39.

Madison Covered Call & Equity Strategy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

Several large investors have recently bought and sold shares of the company. Invesco Ltd. bought a new position in shares of Madison Covered Call & Equity Strategy Fund in the 2nd quarter worth approximately $1,305,000. Guggenheim Capital LLC bought a new stake in shares of Madison Covered Call & Equity Strategy Fund during the fourth quarter valued at approximately $993,000. Quarry LP grew its stake in 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 purchasing an additional 98,797 shares during the period. Wolverine Asset Management LLC grew its stake in Madison Covered Call & Equity Strategy Fund by 83.3% in the fourth quarter. Wolverine Asset Management LLC now owns 194,784 shares of the investment management company’s stock worth $1,169,000 after purchasing an additional 88,517 shares during the period. Finally, Fifth Third Bancorp bought a new position in Madison Covered Call & Equity Strategy Fund in the first quarter worth $265,000.

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.