T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) Short Interest Down 48.5% in August

T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 32,238 shares, a decrease of 48.5% from the August 15th total of 62,588 shares. Based on an average daily volume of 90,656 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On T. Rowe Price Capital Appreciation Premium Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC bought a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF in the first quarter valued at approximately $206,000. IFP Advisors Inc boosted its holdings in shares of 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 buying an additional 8,425 shares during the period. Gateway Wealth Partners LLC acquired a new position in T. Rowe Price Capital Appreciation Premium Income ETF in the 1st quarter valued at $219,000. Patriot Financial Group Insurance Agency LLC bought a new position in T. Rowe Price Capital Appreciation Premium Income ETF in the 1st quarter worth $220,000. Finally, Fifth Third Bancorp bought a new position in T. Rowe Price Capital Appreciation Premium Income ETF in the 1st quarter worth $224,000.

T. Rowe Price Capital Appreciation Premium Income ETF Stock Performance

Shares of T. Rowe Price Capital Appreciation Premium Income ETF stock traded down $0.14 during midday trading on Tuesday, reaching $22.30. 29,972 shares of the company’s stock traded hands, compared to its average volume of 114,710. T. Rowe Price Capital Appreciation Premium Income ETF has a 52 week low of $21.73 and a 52 week high of $25.08. The company’s 50 day simple moving average is $22.86 and its 200 day simple moving average is $22.67. The company has a market cap of $280.98 million, a price-to-earnings ratio of 25.37 and a beta of 0.19.

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.