Direxion Work From Home ETF (NYSEARCA:WFH) Stock Price Down 0.4%

Direxion Work From Home ETF (NYSEARCA:WFH)’s share price fell 0.4% during mid-day trading on Monday . The company traded as low as $48.94 and last traded at $48.94. 445 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 2,863 shares. The stock had previously closed at $49.11.

Direxion Work From Home ETF Stock Performance

The stock has a 50 day moving average of $50.13 and a 200-day moving average of $47.08. The firm has a market capitalization of $31.81 million, a P/E ratio of 23.72 and a beta of 0.94.

Institutional Investors Weigh In On Direxion Work From Home ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. grew its holdings in shares of Direxion Work From Home ETF by 20.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,253 shares of the company’s stock worth $91,000 after purchasing an additional 386 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Direxion Work From Home ETF by 2.8% during the first quarter. Royal Bank of Canada now owns 19,449 shares of the company’s stock worth $1,276,000 after purchasing an additional 529 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Direxion Work From Home ETF by 334.7% during the first quarter. Bank of America Corp DE now owns 739 shares of the company’s stock worth $34,000 after purchasing an additional 569 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Direxion Work From Home ETF by 17.9% during the first quarter. Vontobel Holding Ltd. now owns 7,104 shares of the company’s stock worth $466,000 after purchasing an additional 1,078 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Direxion Work From Home ETF by 39.3% during the first quarter. UBS Group AG now owns 6,595 shares of the company’s stock worth $433,000 after purchasing an additional 1,861 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.