Direxion Work From Home ETF (NYSEARCA:WFH) Shares Up 1% – Here’s What Happened

Direxion Work From Home ETF (NYSEARCA:WFH)’s stock price rose 1% on Friday . The company traded as high as $64.80 and last traded at $64.80. Approximately 626 shares changed hands during trading, a decline of 61% from the average daily volume of 1,619 shares. The stock had previously closed at $64.15.

Direxion Work From Home ETF Stock Performance

The stock’s fifty day simple moving average is $60.17 and its two-hundred day simple moving average is $56.59. The company has a market cap of $32.40 million, a price-to-earnings ratio of 31.88 and a beta of 1.50.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Work From Home ETF stock. Virtu Financial LLC raised its position in Direxion Work From Home ETF (NYSEARCA:WFH) by 156.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,609 shares of the company’s stock after purchasing an additional 5,862 shares during the quarter. Virtu Financial LLC owned 1.92% of Direxion Work From Home ETF worth $544,000 at the end of the most recent quarter.

Direxion Work From Home ETF Company Profile

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.