T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) Sees Significant Growth in Short Interest
by Scott Moore · The Cerbat GemT. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL – Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 28,347 shares, a growth of 147.7% from the April 30th total of 11,444 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 103,774 shares, the short-interest ratio is currently 0.3 days.
T. Rowe Price Capital Appreciation Premium Income ETF Stock Performance
TCAL stock opened at $22.09 on Friday. The firm has a 50 day simple moving average of $22.47 and a 200 day simple moving average of $23.30. T. Rowe Price Capital Appreciation Premium Income ETF has a 52 week low of $21.91 and a 52 week high of $29.81. The stock has a market cap of $275.02 million, a P/E ratio of 25.37 and a beta of 0.30.
Institutional Investors Weigh In On T. Rowe Price Capital Appreciation Premium Income ETF
Institutional investors have recently modified their holdings of the stock. LPL Financial LLC increased its stake 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 worth $23,995,000 after acquiring an additional 560,852 shares during the last quarter. CMC Financial Group boosted its position in 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 valued at $8,629,000 after purchasing an additional 10,197 shares during the last quarter. Waterfront Wealth Inc. grew its stake 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 valued at $7,669,000 after purchasing an additional 41,064 shares in the last quarter. Royal Bank of Canada grew its stake 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 valued at $6,891,000 after purchasing an additional 297,757 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position 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 last quarter.
T. Rowe Price Capital Appreciation Premium Income ETF Company Profile
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.