Short Interest in Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Declines By 60.2%

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 14,563 shares, a drop of 60.2% from the January 15th total of 36,560 shares. Based on an average daily trading volume, of 11,573 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.0% of the company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 11,573 shares, the days-to-cover ratio is presently 1.3 days.

Peerless Option Income Wheel ETF Price Performance

NYSEARCA WEEL traded up $0.15 on Friday, reaching $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 1 year low of $16.22 and a 1 year high of $21.59. The firm has a market capitalization of $29.36 million, a PE ratio of 18.69 and a beta of 0.65. The firm has a 50-day moving average of $20.35 and a 200-day moving average of $20.28.

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.