Direxion Work From Home ETF (NYSEARCA:WFH) Trading Up 1.3% – Here’s Why

Direxion Work From Home ETF (NYSEARCA:WFH) was up 1.3% during mid-day trading on Monday . The stock traded as high as $61.96 and last traded at $61.73. Approximately 1,729 shares changed hands during 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 Trading Up 1.3 %

The business’s fifty day simple moving average is $66.42 and its two-hundred day simple moving average is $63.26. The stock has a market capitalization of $21.61 million, a P/E ratio of 25.30 and a beta of 1.00.

Hedge Funds Weigh In On Direxion Work From Home ETF

A number of hedge funds have recently made changes to their positions in the business. Tradition Wealth Management LLC increased its position in shares of Direxion Work From Home ETF by 1.2% during the 3rd quarter. Tradition Wealth Management LLC now owns 96,239 shares of the company’s stock worth $5,623,000 after purchasing an additional 1,146 shares in the last quarter. Virtu Financial LLC increased its position in shares of Direxion Work From Home ETF by 215.1% during the 4th quarter. Virtu Financial LLC now owns 42,219 shares of the company’s stock worth $2,714,000 after purchasing an additional 28,822 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Direxion Work From Home ETF during the 4th quarter worth about $826,000. Finally, Citadel Advisors LLC increased its position in shares of Direxion Work From Home ETF by 65.7% during the 4th quarter. Citadel Advisors LLC now owns 11,687 shares of the company’s stock worth $751,000 after purchasing an additional 4,636 shares in the last 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.