T. Rowe Price Capital Appreciation Premium Income ETF (TCAL)Derivative Income | Exchange Traded Fund | NYSEArca
22.90 USD
+0.11
(0.491%)
⇧
(Oct. 16, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 4:15 a.m. EDT
This ETF presents a classic case of high yield masking a lack of capital appreciation potential. The 7.5% dividend yield is attractive on paper, but the recent price action tells a different story: the fund is trading below its 50-day and 200-day moving averages, suggesting persistent selling pressure that has pushed the share price down despite regular payouts. The recent 14-day price history shows a struggle to find footing, hovering near the 52-week low rather than building a recovery trend. While the dividend payments remain consistent, the underlying equity strategy appears to be underperforming, forcing the yield up through price depreciation rather than organic income growth. For investors seeking pure income, the yield is compelling, but the lack of price momentum and the fact that the asset is trading below key technical averages suggest the 'capital appreciation' portion of the name is currently failing to deliver. It is a hold for income seekers who can stomach the stagnation, but not a buy for those expecting the fund to drive share prices higher. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.023014 |
| AutoARIMA | 0.026498 |
| AutoETS | 0.027453 |
| MSTL | 0.027788 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 66% |
| H-stat | 27.13 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.219 |
| Excess Kurtosis | -1.24 |
| Attribute | Value |
|---|---|
| Trailing P/E | 26.08 |
As of Oct. 10, 2026, 4:15 a.m. EDT: Options activity is virtually dormant with zero volume and negligible open interest across both calls and puts. The implied volatility is flat and standard, indicating a lack of speculative positioning or hedging pressure. The market is effectively ignoring this instrument for directional bets.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.82% | 11.99% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-30 | 0.178 | 0.815018 |
| 2026-08-31 | 0.174 | 0.756522 |
| 2026-07-31 | 0.250 | 1.103753 |
| 2026-06-30 | 0.180 | 0.810811 |
| 2026-06-25 | 0.180 | 0.810446 |
| 2026-05-26 | 0.193 | 0.870939 |
| 2026-04-27 | 0.210 | 0.935829 |
| 2026-03-26 | 0.221 | 0.992144 |
| 2026-02-24 | 0.179 | 0.758475 |
| 2026-01-27 | 0.257 | 1.080286 |
| 2025-12-23 | 0.222 | 0.932773 |
| 2025-11-24 | 0.212 | 0.884808 |
| 2025-10-28 | 0.297 | 1.233901 |
| 2025-09-25 | 0.199 | 0.828131 |
| 2025-08-26 | 0.203 | 0.825875 |
| 2025-07-28 | 0.205 | 0.832352 |
| 2025-06-25 | 0.218 | 0.894542 |
| 2025-05-27 | 0.237 | 0.957576 |
| 2025-04-25 | 0.175 | 0.716039 |
| Attribute | Value |
|---|---|
| All Time High | 29.81 |
| All Time Low | 21.73 |
| Ask | 22.92 |
| Ask Size | 1,100 |
| Average Daily Volume10 Day | 42,370 |
| Average Daily Volume3 Month | 83,334 |
| Average Volume | 83,334 |
| Average Volume10Days | 42,370 |
| Beta3 Year | 0.0 |
| Bid | 22.83 |
| Bid Size | 100 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 22.95 |
| Day Low | 22.81 |
| Display Name | Cap Appreciation Premium ETF |
| Dividend Yield | 7.5 |
| Eps Trailing Twelve Months | 0.87816966 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 22.6426 |
| Fifty Day Average Change | 0.2574005 |
| Fifty Day Average Change Percent | 0.011367976 |
| Fifty Two Week Change Percent | -7.9211893 |
| Fifty Two Week High | 25.08 |
| Fifty Two Week High Change | -2.1800003 |
| Fifty Two Week High Change Percent | -0.08692186 |
| Fifty Two Week Low | 21.73 |
| Fifty Two Week Low Change | 1.1700001 |
| Fifty Two Week Low Change Percent | 0.05384262 |
| Fifty Two Week Range | 21.73 - 25.08 |
| First Trade Date Milliseconds | 1,743,082,200,000 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.062000275 |
| Fullday Change Percent | 0.27231205 |
| Fullday Price | 22.9 |
| Fund Family | T. Rowe Price |
| Fund Inception Date | 1,742,947,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund normally invests in equities, such as common stocks, and implements a covered call options strategy to achieve its investment objective. Specifically, the fund seeks to provide regular distributions that may consist of dividends from stocks and cash from the covered call option premiums. |
| Long Name | T. Rowe Price Capital Appreciation Premium Income ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1903306479 |
| Nav Price | 22.79 |
| Net Assets | 298,333,536.0 |
| Net Expense Ratio | 0.34 |
| Open | 22.91 |
| Phone | 410-345-2000 |
| Previous Close | 22.788 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.112 |
| Regular Market Change Percent | 0.491485 |
| Regular Market Day High | 22.95 |
| Regular Market Day Low | 22.81 |
| Regular Market Day Range | 22.81 - 22.95 |
| Regular Market Open | 22.91 |
| Regular Market Previous Close | 22.788 |
| Regular Market Price | 22.9 |
| Regular Market Time | 1,792,180,800 |
| Regular Market Volume | 31,851 |
| Short Name | T. Rowe Price Capital Appreciat |
| Source Interval | 15 |
| Symbol | TCAL |
| Total Assets | 298,333,536 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 26.076965 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 1.35917 |
| Trailing Three Month Returns | 1.35917 |
| Triggerable | 1 |
| Two Hundred Day Average | 22.822985 |
| Two Hundred Day Average Change | 0.07701492 |
| Two Hundred Day Average Change Percent | 0.0033744457 |
| Type Disp | ETF |
| Volume | 31,851 |
| Yield | 0.075 |
| Ytd Return | 2.26896 |