Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Short Interest Down 83.4% in June

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 6,042 shares, a drop of 83.4% from the June 15th total of 36,412 shares. Based on an average daily volume of 22,116 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Peerless Option Income Wheel ETF Trading Down 0.1%

Shares of WEEL traded down $0.02 during mid-day trading on Friday, reaching $20.04. 3,721 shares of the stock traded hands, compared to its average volume of 16,137. The company has a market cap of $38.48 million, a price-to-earnings ratio of 18.69 and a beta of 0.50. Peerless Option Income Wheel ETF has a 1 year low of $18.98 and a 1 year high of $23.94. The firm has a fifty day moving average price of $20.26 and a 200 day moving average price of $20.19.

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.