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

Direxion Work From Home ETF (NYSEARCA:WFH)’s stock price was up 1.3% during trading on Monday . The stock traded as high as $61.96 and last traded at $61.73. Approximately 1,729 shares traded 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 Trading Up 1.5 %

The firm’s 50-day moving average price is $66.34 and its 200 day moving average price is $63.29. The company has a market capitalization of $21.54 million, a price-to-earnings ratio of 25.30 and a beta of 1.00.

Hedge Funds Weigh In On Direxion Work From Home ETF

Several hedge funds and other institutional investors have recently made changes to their positions in WFH. Tradition Wealth Management LLC increased its position in 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 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 position in Direxion Work From Home ETF during the 4th quarter worth approximately $826,000. Finally, Citadel Advisors LLC increased its position in 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.

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.