Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Shares Shorted: Short Interest Down 42.5% in September

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 16,284 shares, a decline of 42.5% from the September 15th total of 28,313 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 25,665 shares, the days-to-cover ratio is presently 0.6 days.

Peerless Option Income Wheel ETF Stock Down 1.1%

Peerless Option Income Wheel ETF stock traded down $0.22 during mid-day trading on Friday, hitting $19.60. The company had a trading volume of 22,637 shares, compared to its average volume of 18,201. Peerless Option Income Wheel ETF has a 1 year low of $18.98 and a 1 year high of $23.94. The business has a fifty day moving average of $20.40 and a 200 day moving average of $20.24. The stock has a market cap of $48.02 million, a price-to-earnings ratio of 18.69 and a beta of 0.51.

Peerless Option Income Wheel ETF Company Profile

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.