Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Short Interest Up 116.0% in April

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 58,503 shares, an increase of 116.0% from the April 15th total of 27,083 shares. Based on an average daily volume of 14,922 shares, the short-interest ratio is currently 3.9 days. Currently, 3.5% of the shares of the company are short sold.

Peerless Option Income Wheel ETF Trading Down 1.0%

Shares of WEEL opened at $20.22 on Friday. The firm has a fifty day simple moving average of $20.05 and a two-hundred day simple moving average of $20.25. The firm has a market cap of $33.36 million, a PE ratio of 18.69 and a beta of 0.52. Peerless Option Income Wheel ETF has a 1-year low of $18.90 and a 1-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.