Direxion Work From Home ETF (NYSEARCA:WFH) Trading 2% Higher

Direxion Work From Home ETF (NYSEARCA:WFH) shares were up 2% during trading on Friday . The company traded as high as $56.91 and last traded at $56.91. Approximately 1,329 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 1,892 shares. The stock had previously closed at $55.81.

Direxion Work From Home ETF Stock Up 2.0 %

The firm has a market cap of $28.46 million, a PE ratio of 31.88 and a beta of 1.50. The firm’s fifty day simple moving average is $54.53 and its two-hundred day simple moving average is $55.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WFH. Virtu Financial LLC boosted its holdings in shares of Direxion Work From Home ETF by 230.5% during the 2nd quarter. Virtu Financial LLC now owns 31,756 shares of the company’s stock valued at $1,748,000 after purchasing an additional 22,147 shares during the last quarter. Tradition Wealth Management LLC boosted its stake in Direxion Work From Home ETF by 3.7% during the fourth quarter. Tradition Wealth Management LLC now owns 98,479 shares of the company’s stock valued at $5,370,000 after buying an additional 3,537 shares during the last quarter. Finally, Advisors Preferred LLC grew its holdings in Direxion Work From Home ETF by 302.5% during the 1st quarter. Advisors Preferred LLC now owns 3,635 shares of the company’s stock valued at $205,000 after buying an additional 2,732 shares in the last quarter.

About Direxion Work From Home ETF

The Direxion Work From Home ETF (WFH) is an exchange-traded fund that is based on the Solactive Remote Work index. The fund tracks an equally-weighted index of global firms that provide technology that supports a more flexible work environment. Stocks are selected using a proprietary natural language processing algorithm.