Direxion Work From Home ETF (NYSEARCA:WFH) Trading 0.9% Higher – Here’s Why

Direxion Work From Home ETF (NYSEARCA:WFH) shares were up 0.9% during mid-day trading on Monday . The stock traded as high as $66.04 and last traded at $65.59. Approximately 375 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 458 shares. The stock had previously closed at $65.02.

Direxion Work From Home ETF Trading Up 0.9 %

The stock’s 50-day moving average price is $64.56 and its 200-day moving average price is $59.15. The company has a market cap of $32.80 million, a P/E ratio of 31.88 and a beta of 1.50.

Institutional Investors Weigh In On Direxion Work From Home ETF

A hedge fund recently raised its stake in Direxion Work From Home ETF stock. Virtu Financial LLC boosted its stake in Direxion Work From Home ETF (NYSEARCA:WFH) by 230.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,756 shares of the company’s stock after buying an additional 22,147 shares during the quarter. Virtu Financial LLC owned approximately 6.35% of Direxion Work From Home ETF worth $1,748,000 as of its most recent SEC filing.

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.