Short Interest in T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) Increases By 111.8%

T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 57,176 shares, a growth of 111.8% from the June 30th total of 26,998 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 73,030 shares, the short-interest ratio is presently 0.8 days.

T. Rowe Price Capital Appreciation Premium Income ETF Stock Down 0.4%

TCAL traded down $0.10 during trading on Wednesday, hitting $22.95. 53,110 shares of the company traded hands, compared to its average volume of 116,334. The firm has a market cap of $285.73 million, a P/E ratio of 25.37 and a beta of 0.22. The stock’s fifty day moving average is $22.38 and its 200 day moving average is $22.86. T. Rowe Price Capital Appreciation Premium Income ETF has a one year low of $21.73 and a one year high of $25.21.

Institutional Investors Weigh In On T. Rowe Price Capital Appreciation Premium Income ETF

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of T. Rowe Price Capital Appreciation Premium Income ETF during the fourth quarter valued at about $202,000. Price T Rowe Associates Inc. MD bought a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF in the fourth quarter valued at approximately $203,000. HB Wealth Management LLC purchased a new position in T. Rowe Price Capital Appreciation Premium Income ETF during the first quarter valued at approximately $206,000. IFP Advisors Inc increased its holdings in T. Rowe Price Capital Appreciation Premium Income ETF by 936.1% during the 4th quarter. IFP Advisors Inc now owns 9,325 shares of the company’s stock worth $220,000 after acquiring an additional 8,425 shares during the period. Finally, Gateway Wealth Partners LLC purchased a new stake in T. Rowe Price Capital Appreciation Premium Income ETF in the 1st quarter worth approximately $219,000.

T. Rowe Price Capital Appreciation Premium Income ETF Company Profile

The T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) is an exchange-traded fund managed by T. Rowe Price. The fund aims to provide regular distributions while seeking capital preservation and potential for capital appreciation. It achieves this by investing primarily in U.S. equities and employing a covered call options strategy. This approach involves writing call options on individual stocks to generate income through premiums, which can enhance current income and help offset potential downside risks.