Direxion Work From Home ETF (NYSEARCA:WFH – Get Free Report)’s stock price rose 1.3% during mid-day trading on Monday . The company traded as high as $61.96 and last traded at $61.73. Approximately 1,729 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 1,466 shares. The stock had previously closed at $60.94.
Direxion Work From Home ETF Price Performance
The company’s 50 day moving average is $66.34 and its two-hundred day moving average is $63.29. The firm has a market cap of $21.54 million, a P/E ratio of 25.30 and a beta of 1.00.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Tradition Wealth Management LLC increased its holdings in shares of Direxion Work From Home ETF by 1.2% during the third quarter. Tradition Wealth Management LLC now owns 96,239 shares of the company’s stock worth $5,623,000 after buying an additional 1,146 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Direxion Work From Home ETF by 65.7% during the fourth quarter. Citadel Advisors LLC now owns 11,687 shares of the company’s stock worth $751,000 after buying an additional 4,636 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Direxion Work From Home ETF during the fourth quarter worth approximately $826,000. Finally, Virtu Financial LLC increased its holdings in shares of Direxion Work From Home ETF by 215.1% during the fourth quarter. Virtu Financial LLC now owns 42,219 shares of the company’s stock worth $2,714,000 after buying an additional 28,822 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.
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