Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Short Interest Down 56.0% in March

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 6,548 shares, a decrease of 56.0% from the March 15th total of 14,893 shares. Based on an average trading volume of 22,185 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

Peerless Option Income Wheel ETF Trading Up 0.7%

Shares of WEEL traded up $0.14 on Tuesday, reaching $20.13. The company’s stock had a trading volume of 23,760 shares, compared to its average volume of 14,860. Peerless Option Income Wheel ETF has a twelve month low of $17.17 and a twelve month high of $21.59. The stock has a market capitalization of $32.61 million, a PE ratio of 18.69 and a beta of 0.58. The firm has a fifty day moving average of $20.02 and a 200-day moving average of $20.22.

About Peerless Option Income Wheel ETF

The Peerless Option Income Wheel ETF (WEEL) is an exchange-traded fund that mostly invests in total market equity. The fund seeks current income by investing in sector-specific ETFs while utilizing an option wheel strategy that combines cash-secured put writing with covered call writing. The actively managed fund aims to generate equity-like returns over the long term through income generation, with less overall volatility. WEEL was launched on May 15, 2024 and is issued by Peerless.