CVRD Stock Summary and Trading Ideas (Madison Etfs Trust Madison Covered Call ETF | ARCA:CVRD)

The Covered Call ETF seeks to provide consistent total return and, secondarily, to produce a high level of income and gains from option premiums and dividends. To pursue this objective, the ETF first invests in common stocks of large and midcap companies that we believe are selling at a reasonable price in relation to their long-term growth rate. Then, under normal market conditions, the ETF writes (sells) covered call options on a substantial portion of its portfolio securities.

Madison Etfs Trust Madison Covered Call ETF trades on the ARCA stock market under the symbol CVRD.

As of March 20, 2025, CVRD stock price was flat at $18.28 with 14 million shares trading.

CVRD has a market cap of $49.44 million. This is considered a Sub-Micro Cap stock.

CVRD has underperformed the market in the last year with a return of +0.8%, while SPY returned +10.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CVRD shares. However, CVRD has outperformed the market in the last 3 month and 2 week periods, returning -1.9% and -0.4%, while SPY returned -3.0% and -3.2%, respectively. This indicates CVRD has been having a stronger performance recently.

CVRD support price is $18.08 and resistance is $18.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CVRD shares will trade within this expected range on the day.