Direxion Work From Home ETF (NYSEARCA:WFH) Shares Down 1.5% – What’s Next?

Direxion Work From Home ETF (NYSEARCA:WFH) shares were down 1.5% on Thursday . The company traded as low as $59.10 and last traded at $59.10. Approximately 601 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 1,664 shares. The stock had previously closed at $60.01.

Direxion Work From Home ETF Stock Up 1.6 %

The stock has a market cap of $29.96 million, a P/E ratio of 31.88 and a beta of 1.50. The business’s 50-day simple moving average is $57.98 and its two-hundred day simple moving average is $55.55.

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