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

T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) was the target of a large growth in short interest during 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. Based on an average daily volume of 73,030 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the company’s shares are sold short.

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

Several institutional investors have recently modified their holdings of TCAL. LPL Financial LLC raised its position in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 122.7% in the 4th quarter. LPL Financial LLC now owns 1,018,046 shares of the company’s stock valued at $23,995,000 after acquiring an additional 560,852 shares during the period. CMC Financial Group increased its stake in T. Rowe Price Capital Appreciation Premium Income ETF by 2.7% in the first quarter. CMC Financial Group now owns 386,095 shares of the company’s stock valued at $8,629,000 after purchasing an additional 10,197 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in T. Rowe Price Capital Appreciation Premium Income ETF by 13.6% in the first quarter. Waterfront Wealth Inc. now owns 343,154 shares of the company’s stock worth $7,669,000 after purchasing an additional 41,064 shares during the period. Royal Bank of Canada raised its holdings in 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 worth $6,891,000 after purchasing an additional 297,757 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 18.0% during the first quarter. Janney Montgomery Scott LLC now owns 200,714 shares of the company’s stock worth $4,486,000 after purchasing an additional 30,641 shares in the last quarter.

T. Rowe Price Capital Appreciation Premium Income ETF Stock Up 1.1%

NYSEARCA TCAL traded up $0.26 on Tuesday, reaching $23.05. The company had a trading volume of 92,696 shares, compared to its average volume of 116,780. The stock’s 50 day moving average is $22.36 and its 200-day moving average is $22.87. The stock has a market cap of $286.97 million, a price-to-earnings ratio of 25.37 and a beta of 0.22. T. Rowe Price Capital Appreciation Premium Income ETF has a 52 week low of $21.73 and a 52 week high of $25.21.

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.