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XAI Madison Equity Premium Income Fund

corporate_fare Company Profile

XAI Madison Equity Premium Income Fund

MCN·NYSE·Unknown·CIK 0001289868

XAI Madison Equity Premium Income Fund is a closed-ended equity mutual fund that invests in the public equity markets of the United States. Launched by Madison Investment Holdings, Inc. and managed by Madison Asset Management, LLC, the fund seeks to invest in stocks of companies operating across diversified sectors. Its primary investment strategy involves reasonably priced growth (GARP) stocks of large and mid-cap companies. The fund also writes covered call options as part of its investment approach. It employs fundamental analysis with a bottom-up stock picking approach, focusing on factors such as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to construct its portfolio. The fund benchmarks its portfolio performance against the CBOE S&P 500 Buy/Write Index and conducts in-house research for its investments. Formerly known as Madison/Claymore Covered Call & Equity Strategy Fund, XAI Madison Equity Premium Income Fund was formed on May 6, 2004, and is domiciled in the United States.

XAI Madison Equity Premium Income Fund (NYSE:MCN) is a publicly traded company in the Unknown sector. Wiseek has independently scored 3 items for MCN at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-06-23, rated 7/10. Across its 3 most recent items scored 7 or higher, the top rating is 7/10. Recent SEC coverage for MCN spans DEF 14A, DEFA14A, 8-K.

Recent high-impact activity:

  • Shareholders to Vote on Adding PineBridge as Sub-Adviser for New Preferred Equity Strategy
  • Fund Proposes New Sub-Adviser PineBridge, Shifts Strategy to Include Preferred Equity
  • Fund Proposes Major Investment Strategy Shift, Adds PineBridge as Sub-Adviser

Short Interest & Short Volume

1.00 days to cover

FINRA reported short interest of 10,449 shares in MCN as of the September 15, 2026 settlement, a 83.4% increase from the prior period — about 1.0 days to cover at its recent average daily volume. On October 2, 2026, 44.2% of MCN volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)10,449 shares as of September 15, 2026
Change vs prior period▲ 83.4%
Days to cover1.00 at avg daily volume of 44,297
Daily short volume (FINRA facilities)44.2% of 29,553 shares on October 2, 2026
5-day average short volume31.1%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

$5.26
52-week range · as of 2026-06-23 $5.26 – $6.39
Market cap
$110.43M
Volume
54K (0.9× avg)
3-mo avg 58.4K
Live data · 2026-10-05 02:03 UTC · Market closed

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feed MCN - Latest Insights

MCN
Jun 23, 2026, 6:04 AM EDT
Filing Type: DEF 14A
Importance Score:
7
Price at Filing: $5.53
Real-time Price: $5.26 info
Change: -$0.270 (-5%) info
Market Cap: $110.426M info
MCN
May 19, 2026, 4:58 PM EDT
Filing Type: DEFA14A
Importance Score:
7
Price at Filing: $5.81
Real-time Price: $5.26 info
Change: -$0.550 (-9%) info
Market Cap: $110.426M info
MCN
May 19, 2026, 4:57 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $5.81
Real-time Price: $5.26 info
Change: -$0.550 (-9%) info
Market Cap: $110.426M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets