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

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 35,440 shares, an increase of 122.3% from the May 14th total of 15,939 shares. Based on an average daily trading volume, of 18,109 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.1% of the shares of the stock are sold short.

Peerless Option Income Wheel ETF Price Performance

Shares of WEEL opened at $20.41 on Monday. The firm’s 50 day simple moving average is $20.24 and its 200 day simple moving average is $20.26. The company has a market capitalization of $33.68 million, a P/E 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 $21.59.

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.