Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Short Interest Update

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 58,503 shares, an increase of 116.0% from the April 15th total of 27,083 shares. Currently, 3.5% of the company’s stock are short sold. Based on an average daily volume of 14,922 shares, the short-interest ratio is presently 3.9 days.

Peerless Option Income Wheel ETF Trading Down 1.0%

Shares of WEEL traded down $0.20 during midday trading on Friday, reaching $20.22. The stock had a trading volume of 2,830 shares, compared to its average volume of 15,248. The firm has a 50 day simple moving average of $20.05 and a 200-day simple moving average of $20.25. Peerless Option Income Wheel ETF has a one year low of $18.90 and a one year high of $21.59. The firm has a market cap of $33.36 million, a PE ratio of 18.69 and a beta of 0.52.

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.