Direxion Work From Home ETF (NYSEARCA:WFH) Stock Price Up 1% – What’s Next?

Direxion Work From Home ETF (NYSEARCA:WFH)’s stock price shot up 1% on Friday . The company traded as high as $64.80 and last traded at $64.80. 626 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,619 shares. The stock had previously closed at $64.15.

Direxion Work From Home ETF Stock Performance

The firm’s 50 day moving average is $60.17 and its 200 day moving average is $56.57. The stock has a market cap of $32.40 million, a P/E ratio of 31.88 and a beta of 1.50.

Institutional Investors Weigh In On Direxion Work From Home ETF

A hedge fund recently raised its stake in Direxion Work From Home ETF stock. Virtu Financial LLC grew its holdings in Direxion Work From Home ETF (NYSEARCA:WFH) by 230.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,756 shares of the company’s stock after buying an additional 22,147 shares during the quarter. Virtu Financial LLC owned 6.35% of Direxion Work From Home ETF worth $1,748,000 as of its most recent SEC filing.

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.