Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Short Interest Down 90.4% in February

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,403 shares, a decrease of 90.4% from the January 29th total of 14,563 shares. Based on an average daily volume of 12,765 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 12,765 shares, the short-interest ratio is currently 0.1 days.

Peerless Option Income Wheel ETF Stock Performance

Shares of NYSEARCA:WEEL traded up $0.14 on Wednesday, hitting $20.51. 11,192 shares of the company were exchanged, compared to its average volume of 14,302. The company’s 50 day moving average price is $20.29 and its two-hundred day moving average price is $20.31. The firm has a market capitalization of $29.74 million, a price-to-earnings ratio of 18.69 and a beta of 0.65. Peerless Option Income Wheel ETF has a one year low of $16.22 and a one year high of $21.59.

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.