Direxion Work From Home ETF (NYSEARCA:WFH) Trading Down 1.5% – Here’s What Happened

Direxion Work From Home ETF (NYSEARCA:WFH)’s stock price fell 1.5% on Thursday . The company traded as low as $59.10 and last traded at $59.10. 601 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 1,664 shares. The stock had previously closed at $60.01.

Direxion Work From Home ETF Trading Down 1.5 %

The firm has a 50-day moving average price of $57.92 and a 200-day moving average price of $55.51. The company has a market capitalization of $29.55 million, a price-to-earnings ratio of 31.88 and a beta of 1.50.

Institutional Investors Weigh In On Direxion Work From Home ETF

An institutional investor recently raised its position in Direxion Work From Home ETF stock. Advisors Preferred LLC lifted its position in Direxion Work From Home ETF (NYSEARCA:WFH) by 302.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,635 shares of the company’s stock after acquiring an additional 2,732 shares during the quarter. Advisors Preferred LLC owned approximately 0.73% of Direxion Work From Home ETF worth $205,000 as of its most recent filing with the SEC.

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.