Direxion Work From Home ETF (NYSEARCA:WFH) Stock Price Up 0.7% – What’s Next?

Direxion Work From Home ETF (NYSEARCA:WFH) shares rose 0.7% during mid-day trading on Monday . The stock traded as high as $66.62 and last traded at $66.62. Approximately 2,029 shares traded hands during trading, an increase of 60% from the average daily volume of 1,269 shares. The stock had previously closed at $66.16.

Direxion Work From Home ETF Stock Up 0.7%

The stock’s 50-day moving average price is $62.69 and its 200 day moving average price is $63.62. The company has a market cap of $19.99 million, a P/E ratio of 26.15 and a beta of 1.04.

Institutional Investors Weigh In On Direxion Work From Home ETF

Hedge funds have recently made changes to their positions in the stock. Tradition Wealth Management LLC increased its stake in Direxion Work From Home ETF by 1.5% in the first quarter. Tradition Wealth Management LLC now owns 95,054 shares of the company’s stock valued at $5,429,000 after acquiring an additional 1,440 shares during the period. Virtu Financial LLC grew its stake in shares of Direxion Work From Home ETF by 215.1% in the 4th quarter. Virtu Financial LLC now owns 42,219 shares of the company’s stock valued at $2,714,000 after purchasing an additional 28,822 shares during the period. Citadel Advisors LLC raised its holdings in shares of Direxion Work From Home ETF by 65.7% in the 4th quarter. Citadel Advisors LLC now owns 11,687 shares of the company’s stock worth $751,000 after buying an additional 4,636 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Direxion Work From Home ETF by 53.4% during the 1st quarter. Royal Bank of Canada now owns 6,956 shares of the company’s stock worth $397,000 after buying an additional 2,421 shares during the period.

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.