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

T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 66,733 shares, an increase of 129.1% from the December 15th total of 29,128 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 110,545 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 110,545 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 4J Wealth Management LLC increased its position in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 386.8% in the 3rd quarter. 4J Wealth Management LLC now owns 64,749 shares of the company’s stock worth $1,579,000 after purchasing an additional 51,447 shares during the last quarter. Southland Equity Partners LLC acquired a new position in T. Rowe Price Capital Appreciation Premium Income ETF in the third quarter worth about $2,471,000. Concurrent Investment Advisors LLC bought a new stake in T. Rowe Price Capital Appreciation Premium Income ETF in the second quarter valued at about $201,000. Lighthouse Wealth Management Inc. acquired a new stake in T. Rowe Price Capital Appreciation Premium Income ETF during the second quarter valued at approximately $619,000. Finally, Pinnacle Wealth Management LLC bought a new position in T. Rowe Price Capital Appreciation Premium Income ETF during the 2nd quarter worth approximately $2,945,000.

T. Rowe Price Capital Appreciation Premium Income ETF Price Performance

Shares of NYSEARCA:TCAL traded up $0.01 during midday trading on Friday, hitting $24.06. The company had a trading volume of 37,844 shares, compared to its average volume of 126,881. The business’s 50-day simple moving average is $23.87 and its 200-day simple moving average is $24.30. The stock has a market cap of $223.76 million, a price-to-earnings ratio of 25.37 and a beta of 0.92. T. Rowe Price Capital Appreciation Premium Income ETF has a twelve month low of $23.24 and a twelve month high of $29.81.

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.