Direxion Work From Home ETF (NYSEARCA:WFH) Trading 0.1% Higher – Time to Buy?

Direxion Work From Home ETF (NYSEARCA:WFH) was up 0.1% during trading on Tuesday . The stock traded as high as $67.65 and last traded at $67.38. Approximately 1,053 shares changed hands during trading, a decline of 5% from the average daily volume of 1,109 shares. The stock had previously closed at $67.30.

Direxion Work From Home ETF Stock Up 0.1%

The stock’s 50 day moving average price is $66.30 and its two-hundred day moving average price is $63.86. The stock has a market cap of $20.21 million, a price-to-earnings ratio of 26.15 and a beta of 0.94.

Hedge Funds Weigh In On Direxion Work From Home ETF

A number of institutional investors and hedge funds have recently bought and sold shares of WFH. Royal Bank of Canada boosted its stake in shares of Direxion Work From Home ETF by 53.4% in the first quarter. Royal Bank of Canada now owns 6,956 shares of the company’s stock valued at $397,000 after purchasing an additional 2,421 shares during the period. Citadel Advisors LLC boosted its position in 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 valued at $751,000 after buying an additional 4,636 shares during the period. Virtu Financial LLC grew its stake in shares of Direxion Work From Home ETF by 215.1% in the fourth quarter. Virtu Financial LLC now owns 42,219 shares of the company’s stock worth $2,714,000 after acquiring an additional 28,822 shares in the last quarter. Finally, Tradition Wealth Management LLC increased its position in shares of Direxion Work From Home ETF by 1.5% during the first quarter. Tradition Wealth Management LLC now owns 95,054 shares of the company’s stock worth $5,429,000 after acquiring an additional 1,440 shares during the period.

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.