Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Stock Short Interest Drops 42.5%

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 16,284 shares, a decrease of 42.5% from the September 15th total of 28,313 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 25,665 shares, the days-to-cover ratio is currently 0.6 days.

Peerless Option Income Wheel ETF Stock Up 0.4%

WEEL traded up $0.08 during trading on Thursday, hitting $19.79. 23,192 shares of the company traded hands, compared to its average volume of 18,155. The firm has a market cap of $48.49 million, a P/E ratio of 18.69 and a beta of 0.51. The stock’s fifty day moving average is $20.43 and its 200 day moving average is $20.23. Peerless Option Income Wheel ETF has a one year low of $18.98 and a one year 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.