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

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 35,440 shares, a growth 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. Approximately 2.1% of the company’s shares are sold short.

Peerless Option Income Wheel ETF Price Performance

Shares of WEEL opened at $20.41 on Friday. Peerless Option Income Wheel ETF has a 1-year low of $18.98 and a 1-year high of $21.59. The company has a 50-day moving average of $20.24 and a 200 day moving average of $20.26. The firm has a market capitalization of $33.68 million, a price-to-earnings ratio of 18.69 and a beta of 0.50.

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.