Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Stock Short Interest Report for September

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 16,284 shares, a drop of 42.5% from the September 15th total of 28,313 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 25,665 shares, the short-interest ratio is presently 0.6 days.

Peerless Option Income Wheel ETF Trading Down 1.0%

WEEL stock traded down $0.20 during trading hours on Friday, hitting $19.62. 16,251 shares of the stock were exchanged, compared to its average volume of 18,168. Peerless Option Income Wheel ETF has a 12 month low of $18.98 and a 12 month high of $23.94. The firm has a market capitalization of $48.07 million, a P/E ratio of 18.69 and a beta of 0.51. The company has a 50-day simple moving average of $20.42 and a two-hundred day simple moving average of $20.24.

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.