Direxion Work From Home ETF (NYSEARCA:WFH) Shares Up 0.7%

Direxion Work From Home ETF (NYSEARCA:WFH) shot up 0.7% on Friday . The stock traded as high as $56.11 and last traded at $56.05. 1,278 shares traded hands during trading, a decline of 31% from the average session volume of 1,854 shares. The stock had previously closed at $55.66.

Direxion Work From Home ETF Stock Up 0.7 %

The business has a fifty day simple moving average of $56.80 and a 200 day simple moving average of $52.52. The company has a market cap of $36.43 million, a price-to-earnings ratio of 23.72 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its position in Direxion Work From Home ETF by 2.8% during the 1st 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. Susquehanna International Group LLP increased its position in Direxion Work From Home ETF by 43.9% during the 1st quarter. Susquehanna International Group LLP now owns 21,481 shares of the company’s stock worth $981,000 after purchasing an additional 6,551 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Direxion Work From Home ETF in the 1st quarter valued at about $948,000. Vontobel Holding Ltd. grew its holdings in Direxion Work From Home ETF by 17.9% in the 1st quarter. Vontobel Holding Ltd. now owns 7,104 shares of the company’s stock valued at $466,000 after buying an additional 1,078 shares during the period. Finally, UBS Group AG grew its holdings in Direxion Work From Home ETF by 39.3% in the 1st quarter. UBS Group AG now owns 6,595 shares of the company’s stock valued at $433,000 after buying an additional 1,861 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.