T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) Short Interest Up 129.1% in December

T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 66,733 shares, a growth of 129.1% from the December 15th total of 29,128 shares. Based on an average daily volume of 110,545 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 110,545 shares, the short-interest ratio is currently 0.6 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of TCAL. Global Retirement Partners LLC bought a new stake in T. Rowe Price Capital Appreciation Premium Income ETF during the 3rd quarter valued at approximately $50,000. Capital Investment Advisory Services LLC boosted its position in shares of T. Rowe Price Capital Appreciation Premium Income ETF by 21.4% during the third quarter. Capital Investment Advisory Services LLC now owns 5,220 shares of the company’s stock worth $127,000 after acquiring an additional 919 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in T. Rowe Price Capital Appreciation Premium Income ETF during the second quarter valued at $201,000. Wealth Enhancement Advisory Services LLC bought a new stake in T. Rowe Price Capital Appreciation Premium Income ETF in the 4th quarter valued at $202,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in T. Rowe Price Capital Appreciation Premium Income ETF in the 2nd quarter worth $288,000.

T. Rowe Price Capital Appreciation Premium Income ETF Price Performance

NYSEARCA:TCAL traded up $0.09 during trading hours on Wednesday, hitting $23.97. The company had a trading volume of 17,541 shares, compared to its average volume of 120,124. The company has a market capitalization of $219.33 million, a PE ratio of 25.37 and a beta of 0.92. The stock has a 50-day moving average price of $23.85 and a 200 day moving average price of $24.30. T. Rowe Price Capital Appreciation Premium Income ETF has a 52 week low of $23.24 and a 52 week high of $29.81.

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.