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

T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) saw a significant decrease in short interest in 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. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 90,656 shares, the short-interest ratio is presently 0.4 days.

T. Rowe Price Capital Appreciation Premium Income ETF Trading Down 0.2%

Shares of NYSEARCA:TCAL opened at $22.25 on Thursday. The company has a market capitalization of $280.35 million, a price-to-earnings ratio of 25.37 and a beta of 0.19. The business has a 50-day moving average price of $22.85 and a 200 day moving average price of $22.65. T. Rowe Price Capital Appreciation Premium Income ETF has a 12-month low of $21.73 and a 12-month high of $25.08.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of TCAL. IFP Advisors Inc boosted its holdings in T. Rowe Price Capital Appreciation Premium Income ETF by 6.6% in the second quarter. IFP Advisors Inc now owns 15,000 shares of the company’s stock valued at $333,000 after purchasing an additional 925 shares during the period. Wills Financial Group LLC boosted its stake in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 5.5% in the 1st quarter. Wills Financial Group LLC now owns 22,798 shares of the company’s stock valued at $503,000 after buying an additional 1,183 shares during the period. Prospera Financial Services Inc lifted its stake in T. Rowe Price Capital Appreciation Premium Income ETF by 5.2% in the second quarter. Prospera Financial Services Inc now owns 23,790 shares of the company’s stock worth $528,000 after acquiring an additional 1,185 shares during the last quarter. Western Wealth Management LLC lifted its position in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 17.9% during the 1st quarter. Western Wealth Management LLC now owns 51,969 shares of the company’s stock worth $1,161,000 after purchasing an additional 7,902 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of T. Rowe Price Capital Appreciation Premium Income ETF during the 1st quarter worth about $206,000.

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.