Madison Strategic Sector Premium (NYSE:MSP) on Focus After Report of Less Shorts

February 15, 2018 - By Maria Brooks

 Madison Strategic Sector Premium (NYSE:MSP) on Focus After Report of Less Shorts

Investors sentiment increased to 1.6 in 2017 Q3. Its up 0.10, from 1.5 in 2017Q2. It improved, as 1 investors sold Madison Strategic Sector Premium Fund shares while 4 reduced holdings. 1 funds opened positions while 7 raised stakes. 2.56 million shares or 8.41% more from 2.36 million shares in 2017Q2 were reported.
Royal Fincl Bank Of Canada owns 113,736 shares. Karpus Mngmt Inc holds 1.40 million shares. Icon Advisers Inc Co holds 0.15% or 181,504 shares in its portfolio. 81,959 were reported by Brinker Capital. Pnc Financial Grp Incorporated owns 0% invested in Madison Strategic Sector Premium Fund (NYSE:MSP) for 19,000 shares. The New York-based Morgan Stanley has invested 0% in Madison Strategic Sector Premium Fund (NYSE:MSP). The New York-based Citigroup has invested 0% in Madison Strategic Sector Premium Fund (NYSE:MSP). Wells Fargo And Company Mn holds 0% in Madison Strategic Sector Premium Fund (NYSE:MSP) or 54,152 shares. National Bank & Trust Of America De has 5,541 shares. 397,545 are owned by Sit Investment Associates Inc. Rivernorth Capital Management Llc reported 138,335 shares stake. Thompson Siegel & Walmsley Ltd Com accumulated 1,700 shares or 0% of the stock.

Since December 18, 2017, it had 2 buys, and 2 selling transactions for $225,256 activity. $242,298 worth of Madison Strategic Sector Premium Fund (NYSE:MSP) was sold by Burgess Frank E on Wednesday, January 17. Struthers Richard E also bought $5,162 worth of Madison Strategic Sector Premium Fund (NYSE:MSP) shares.

The stock of Madison Strategic Sector Premium (NYSE:MSP) registered a decrease of 29.91% in short interest. MSP’s total short interest was 15,700 shares in February as published by FINRA. Its down 29.91% from 22,400 shares, reported previously. With 16,300 shares average volume, it will take short sellers 1 days to cover their MSP’s short positions.

The stock increased 0.52% or $0.06 during the last trading session, reaching $11.51. About 3,838 shares traded. Madison Strategic Sector Premium Fund (NYSE:MSP) has risen 6.45% since February 15, 2017 and is uptrending. It has underperformed by 10.25% the S&P500.

Madison Strategic Sector Premium Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. The company has market cap of $66.74 million. It is managed by Madison Asset Management, LLC. It has a 13.34 P/E ratio. The fund invests in the public equity markets of the United States.

More recent Madison Strategic Sector Premium Fund (NYSE:MSP) news were published by: Marketwired.com which released: “Madison Strategic Sector Premium Fund and Madison Covered Call & Equity …” on August 16, 2017. Also Prnewswire.com published the news titled: “Ancora Advisors Sends Letter to the Board of Madison Strategic Sector Premium …” on February 28, 2017. Prnewswire.com‘s news article titled: “Karpus Investment Management Announces Its Opposition to the Proposed Merger …” with publication date: June 07, 2017 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.