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

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 35,440 shares, an increase of 122.3% from the May 14th total of 15,939 shares. Based on an average trading volume of 18,109 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.1% of the shares of the stock are short sold.

Peerless Option Income Wheel ETF Stock Performance

Peerless Option Income Wheel ETF stock traded up $0.11 during midday trading on Friday, reaching $20.41. The company’s stock had a trading volume of 11,792 shares, compared to its average volume of 15,236. Peerless Option Income Wheel ETF has a fifty-two week low of $18.98 and a fifty-two week high of $21.59. The stock’s 50 day simple moving average is $20.24 and its 200 day simple moving average is $20.26. The firm has a market capitalization of $33.68 million, a PE ratio of 18.69 and a beta of 0.50.

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.