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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 Covered Call ETF trades on the ARCA stock market under the symbol CVRD.
As of January 14, 2026, CVRD stock price was flat at $18.68 with 32 million shares trading.
CVRD has a market cap of $36.53 million. This is considered a Sub-Micro Cap stock.
CVRD has underperformed the market in the last year with a return of +8.1%, while the SPY ETF gained +20.0%. In the last 3 month period, CVRD fell short of the market, returning +3.7%, while SPY returned +4.4%. However, in the most recent 2 weeks CVRD has outperformed the stock market by returning +0.8%, while SPY returned +0.5%.
CVRD support price is $18.42 and resistance is $18.95 (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.
