Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Short Interest Up 842.0% in December

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 13,555 shares, a growth of 842.0% from the November 30th total of 1,439 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 9,041 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 9,041 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.3% of the shares of the stock are sold short.

Peerless Option Income Wheel ETF Trading Up 0.1%

Shares of Peerless Option Income Wheel ETF stock opened at $20.77 on Friday. The firm has a market capitalization of $21.81 million, a PE ratio of 18.69 and a beta of 0.65. The firm’s 50-day moving average price is $20.46 and its 200 day moving average price is $20.14. Peerless Option Income Wheel ETF has a twelve month low of $16.22 and a twelve month 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.