Short Interest in Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Decreases By 72.8%

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 15,939 shares, a decrease of 72.8% from the April 30th total of 58,503 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 15,389 shares, the short-interest ratio is presently 1.0 days.

Peerless Option Income Wheel ETF Trading Up 0.2%

NYSEARCA:WEEL traded up $0.05 on Friday, hitting $20.59. The company’s stock had a trading volume of 868 shares, compared to its average volume of 15,448. The stock has a fifty day moving average of $20.07 and a two-hundred day moving average of $20.26. The firm has a market capitalization of $33.97 million, a P/E ratio of 18.69 and a beta of 0.52. Peerless Option Income Wheel ETF has a one year low of $18.98 and a one year high of $21.59.

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.