Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Short Interest Down 60.2% in January

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 14,563 shares, a decline of 60.2% from the January 15th total of 36,560 shares. Based on an average daily volume of 11,573 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.0% of the company’s stock are short sold. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 11,573 shares, the days-to-cover ratio is presently 1.3 days.

Peerless Option Income Wheel ETF Price Performance

WEEL stock traded down $0.15 on Thursday, reaching $20.10. 18,966 shares of the company traded hands, compared to its average volume of 13,657. The firm has a fifty day simple moving average of $20.36 and a 200-day simple moving average of $20.27. The company has a market cap of $29.15 million, a P/E 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.