Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Madison Covered Call & Equity Strategy Fund (NYSE:MCN)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.98 and traded as low as $6.44. Madison Covered Call & Equity Strategy Fund shares last traded at $6.45, with a volume of 76,948 shares changing hands.

Madison Covered Call & Equity Strategy Fund Price Performance

The company has a fifty day simple moving average of $6.66 and a two-hundred day simple moving average of $6.97.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

Large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Madison Covered Call & Equity Strategy Fund during the third quarter valued at $86,000. Wolverine Asset Management LLC boosted its stake in shares of Madison Covered Call & Equity Strategy Fund by 319.1% during the fourth quarter. Wolverine Asset Management LLC now owns 12,358 shares of the investment management company’s stock valued at $83,000 after acquiring an additional 9,409 shares during the last quarter. L.M. Kohn & Company boosted its stake in shares of Madison Covered Call & Equity Strategy Fund by 29.7% during the third quarter. L.M. Kohn & Company now owns 22,059 shares of the investment management company’s stock valued at $157,000 after acquiring an additional 5,050 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Madison Covered Call & Equity Strategy Fund by 612.0% during the third quarter. International Assets Investment Management LLC now owns 24,208 shares of the investment management company’s stock valued at $172,000 after acquiring an additional 20,808 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Madison Covered Call & Equity Strategy Fund during the third quarter worth about $192,000.

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.