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) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 57,176 shares, an increase of 111.8% from the June 30th total of 26,998 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 73,030 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TCAL. LPL Financial LLC boosted its holdings in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 122.7% in the fourth 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 during the period. CMC Financial Group raised its holdings in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 2.7% during the first quarter. CMC Financial Group now owns 386,095 shares of the company’s stock worth $8,629,000 after acquiring an additional 10,197 shares during the period. Waterfront Wealth Inc. lifted its position in T. Rowe Price Capital Appreciation Premium Income ETF by 13.6% in the 1st quarter. Waterfront Wealth Inc. now owns 343,154 shares of the company’s stock valued at $7,669,000 after acquiring an additional 41,064 shares in the last quarter. Royal Bank of Canada lifted its position in T. Rowe Price Capital Appreciation Premium Income ETF by 2,816.7% in the 1st quarter. Royal Bank of Canada now owns 308,328 shares of the company’s stock valued at $6,891,000 after acquiring an additional 297,757 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in T. Rowe Price Capital Appreciation Premium Income ETF by 18.0% in the 1st 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 during the period.

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

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

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.