T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) Sees Significant Increase in Short Interest

T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 28,347 shares, an increase of 147.7% from the April 30th total of 11,444 shares. Based on an average daily volume of 103,774 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

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

Several large investors have recently bought and sold shares of TCAL. Capital Investment Advisory Services LLC increased its holdings in T. Rowe Price Capital Appreciation Premium Income ETF by 21.4% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 5,220 shares of the company’s stock worth $127,000 after purchasing an additional 919 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF in the 4th quarter valued at about $202,000. Price T Rowe Associates Inc. MD purchased a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF in the 4th quarter valued at about $203,000. HB Wealth Management LLC purchased a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF in the 1st quarter valued at about $206,000. Finally, Gateway Wealth Partners LLC purchased a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF in the 1st quarter valued at about $219,000.

T. Rowe Price Capital Appreciation Premium Income ETF Stock Down 1.0%

NYSEARCA TCAL traded down $0.21 during trading hours on Monday, hitting $21.88. 91,381 shares of the company were exchanged, compared to its average volume of 134,370. The company has a 50 day moving average of $22.45 and a two-hundred day moving average of $23.28. T. Rowe Price Capital Appreciation Premium Income ETF has a 52-week low of $21.88 and a 52-week high of $29.81. The firm has a market cap of $272.41 million, a price-to-earnings ratio of 25.37 and a beta of 0.30.

About T. Rowe Price Capital Appreciation Premium Income ETF

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.