Peerless Option Income Wheel ETF (NYSEARCA:WEEL) Short Interest Up 842.0% in December
by Renee Jackson · The Cerbat GemPeerless Option Income Wheel ETF (NYSEARCA:WEEL – Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 13,555 shares, a growth of 842.0% from the November 30th total of 1,439 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 9,041 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 9,041 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.3% of the company’s stock are short sold.
Peerless Option Income Wheel ETF Price Performance
Shares of WEEL stock traded up $0.02 on Wednesday, reaching $20.77. 6,542 shares of the company were exchanged, compared to its average volume of 5,673. Peerless Option Income Wheel ETF has a one year low of $16.22 and a one year high of $21.59. The company has a market cap of $21.81 million, a price-to-earnings ratio of 18.69 and a beta of 0.65. The company has a 50-day moving average of $20.45 and a 200-day moving average of $20.14.
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.