Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Sees Significant Decrease in Short Interest

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

Peerless Option Income Wheel ETF Trading Up 0.7%

WEEL stock traded up $0.15 during midday trading on Friday, hitting $20.25. The company had a trading volume of 4,476 shares, compared to its average volume of 13,349. Peerless Option Income Wheel ETF has a 52 week low of $16.22 and a 52 week high of $21.59. The stock’s 50 day moving average price is $20.35 and its 200 day moving average price is $20.28. The stock has a market cap of $29.36 million, a price-to-earnings ratio of 18.69 and a beta of 0.65.

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.