Short Interest in Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Expands By 301.4%

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 24,252 shares, a growth of 301.4% from the June 30th total of 6,042 shares. Based on an average daily volume of 19,290 shares, the short-interest ratio is presently 1.3 days. Currently, 1.2% of the shares of the stock are sold short.

Peerless Option Income Wheel ETF Trading Up 0.6%

Shares of Peerless Option Income Wheel ETF stock traded up $0.11 during mid-day trading on Monday, reaching $20.02. 13,104 shares of the stock were exchanged, compared to its average volume of 15,874. The company has a market cap of $39.04 million, a price-to-earnings ratio of 18.69 and a beta of 0.50. The firm has a 50-day simple moving average of $20.19 and a 200 day simple moving average of $20.16. Peerless Option Income Wheel ETF has a fifty-two week low of $18.98 and a fifty-two week high of $23.94.

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.