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

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 24,252 shares, a growth of 301.4% from the June 30th total of 6,042 shares. Based on an average daily volume of 19,290 shares, the short-interest ratio is presently 1.3 days. Currently, 1.2% of the company’s stock are sold short.

Peerless Option Income Wheel ETF Stock Down 0.2%

Shares of NYSEARCA WEEL traded down $0.04 during midday trading on Friday, reaching $19.91. 19,905 shares of the company’s stock traded hands, compared to its average volume of 15,895. The stock’s 50 day simple moving average is $20.19 and its 200-day simple moving average is $20.16. Peerless Option Income Wheel ETF has a one year low of $18.98 and a one year high of $23.94. The company has a market cap of $38.82 million, a price-to-earnings 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.