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

Peerless Option Income Wheel ETF (NYSEARCA:WEEL) was the target of a large growth in short interest in the month of 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. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 18,109 shares, the short-interest ratio is currently 2.0 days.

Peerless Option Income Wheel ETF Stock Performance

NYSEARCA WEEL opened at $20.41 on Friday. The company has a market capitalization of $33.68 million, a price-to-earnings ratio of 18.69 and a beta of 0.50. The company’s 50-day simple moving average is $20.24 and its two-hundred day simple moving average is $20.26. Peerless Option Income Wheel ETF has a one year low of $18.98 and a one year high of $21.59.

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.