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

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 1,403 shares, a decrease of 90.4% from the January 29th total of 14,563 shares. Based on an average trading volume of 12,765 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 12,765 shares, the days-to-cover ratio is presently 0.1 days.

Peerless Option Income Wheel ETF Trading Down 0.4%

Shares of NYSEARCA:WEEL traded down $0.08 during trading on Friday, hitting $20.39. 13,090 shares of the company’s stock traded hands, compared to its average volume of 14,018. The company has a 50-day moving average price of $20.28 and a 200-day moving average price of $20.32. Peerless Option Income Wheel ETF has a 52 week low of $16.22 and a 52 week high of $21.59. The company has a market cap of $29.57 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.