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 growth in short interest in May. As of May 15th, there was short interest totaling 28,347 shares, a growth of 147.7% from the April 30th total of 11,444 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 103,774 shares, the days-to-cover ratio is presently 0.3 days.

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

T. Rowe Price Capital Appreciation Premium Income ETF stock opened at $21.88 on Tuesday. T. Rowe Price Capital Appreciation Premium Income ETF has a 12-month low of $21.88 and a 12-month high of $29.81. The firm has a 50 day moving average of $22.45 and a 200 day moving average of $23.28. The firm has a market capitalization of $272.41 million, a price-to-earnings ratio of 25.37 and a beta of 0.30.

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

A number of institutional investors have recently added to or reduced their stakes in TCAL. LPL Financial LLC grew its holdings in T. Rowe Price Capital Appreciation Premium Income ETF by 122.7% during the 4th quarter. LPL Financial LLC now owns 1,018,046 shares of the company’s stock valued at $23,995,000 after buying an additional 560,852 shares in the last quarter. CMC Financial Group purchased a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF in the third quarter valued at $9,223,000. Royal Bank of Canada grew its holdings in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 2,816.7% in the first quarter. Royal Bank of Canada now owns 308,328 shares of the company’s stock valued at $6,891,000 after purchasing an additional 297,757 shares in the last quarter. Waterfront Wealth Inc. grew its holdings in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 685.9% in the fourth quarter. Waterfront Wealth Inc. now owns 302,090 shares of the company’s stock valued at $7,277,000 after purchasing an additional 263,649 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF in the fourth quarter valued at $4,009,000.

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.