Madison Covered Call ETF (CVRD)Derivative Income | Exchange Traded Fund | NYSEArca
18.64 USD
+0.05
(0.252%)
⇧
(April 17, 2026, 3:46 p.m.
EDT)
After hours: 18.64 +0.01 (0.065%) ⇧ (April 17, 2026, 4:04 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★★☆☆ |
Hot Take | April 18, 2026, 10:42 p.m. EDT
CVRD presents a classic 'yield-pain' trade: it offers a massive 7.83% dividend yield based on a highly variable payment structure and significant payouts that erased nearly half its NAV in Q1 2025, making it unsuitable for capital appreciation. Short-term momentum shows a slight upward trend off a 16.26 low, but volume has collapsed to 1% of the average, indicating a lack of real interest. The statistical model predicts only a neutral 0.36% move in the next 45 days, confirming a lack of directional edge. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.013353 |
| AutoETS | 0.013594 |
| AutoARIMA | 0.013595 |
| AutoTheta | 0.014711 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 56% |
| H-stat | 2.56 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.152 |
| Excess Kurtosis | -1.16 |
| Attribute | Value |
|---|---|
| Trailing P/E | 20.41 |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.71% | 7.90% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-03-27 | 0.300 | 1.707942 |
| 2025-12-26 | 0.505 | 2.780147 |
| 2025-09-26 | 0.300 | 1.690648 |
| 2025-06-26 | 0.300 | 1.721535 |
| 2025-03-27 | 0.300 | 1.809323 |
| 2024-12-26 | 0.471 | 2.726965 |
| 2024-09-26 | 0.300 | 1.738144 |
| 2024-06-26 | 0.822 | 4.963975 |
| 2024-03-26 | 1.354 | 8.167831 |
| 2023-12-26 | 0.304 | 1.870915 |
| 2023-09-26 | 0.007 | 0.045774 |
| Attribute | Value |
|---|---|
| All Time High | 22.4 |
| All Time Low | 15.608 |
| Ask | 28.24 |
| Ask Size | 800 |
| Average Daily Volume10 Day | 2,480 |
| Average Daily Volume3 Month | 1,924 |
| Average Volume | 1,924 |
| Average Volume10Days | 2,480 |
| Beta3 Year | 0.0 |
| Bid | 9.32 |
| Bid Size | 100 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 18.6421 |
| Day Low | 18.63 |
| Dividend Yield | 7.83 |
| Eps Trailing Twelve Months | 0.9134171 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 18.42332 |
| Fifty Day Average Change | 0.21877861 |
| Fifty Day Average Change Percent | 0.011875091 |
| Fifty Two Week Change Percent | 14.642393 |
| Fifty Two Week High | 22.4 |
| Fifty Two Week High Change | -3.7579002 |
| Fifty Two Week High Change Percent | -0.16776341 |
| Fifty Two Week Low | 16.261 |
| Fifty Two Week Low Change | 2.3810997 |
| Fifty Two Week Low Change Percent | 0.14643009 |
| Fifty Two Week Range | 16.261 - 22.4 |
| First Trade Date Milliseconds | 1,692,711,000,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | Madison Asset Management, LLC |
| Fund Inception Date | 1,692,576,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund will seek to achieve its objectives by (1) investing in common stocks of equity securities that pay dividends and (2) writing (i.e., selling) covered call options on a substantial portion of its portfolio of securities. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies, including other investment companies. |
| Long Name | Madison Covered Call ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1838142460 |
| Nav Price | 18.6607 |
| Net Assets | 34,358,584.0 |
| Net Expense Ratio | 0.92 |
| Open | 18.63 |
| Post Market Change | 0.01210022 |
| Post Market Change Percent | 0.06495019 |
| Post Market Price | 18.6421 |
| Post Market Time | 1,776,456,257 |
| Previous Close | 18.5953 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.0467987 |
| Regular Market Change Percent | 0.25167 |
| Regular Market Day High | 18.6421 |
| Regular Market Day Low | 18.63 |
| Regular Market Day Range | 18.63 - 18.6421 |
| Regular Market Open | 18.63 |
| Regular Market Previous Close | 18.5953 |
| Regular Market Price | 18.6421 |
| Regular Market Time | 1,776,455,213 |
| Regular Market Volume | 104 |
| Short Name | Madison Covered Call ETF |
| Source Interval | 15 |
| Symbol | CVRD |
| Total Assets | 34,358,584 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 20.409185 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -0.9201 |
| Trailing Three Month Returns | -0.9201 |
| Triggerable | 1 |
| Two Hundred Day Average | 18.654495 |
| Two Hundred Day Average Change | -0.012395859 |
| Two Hundred Day Average Change Percent | -0.00066449714 |
| Type Disp | ETF |
| Volume | 104 |
| Yield | 0.0783 |
| Ytd Return | -0.9201 |