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

Shares of Direxion Work From Home ETF (NYSEARCA:WFH) shot up 1% during mid-day trading on Friday . The company traded as high as $64.80 and last traded at $64.80. 626 shares traded hands 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 Trading Up 1.0 %

The stock has a 50-day simple moving average of $60.17 and a 200 day simple moving average of $56.59. The company has a market cap of $32.40 million, a price-to-earnings 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. Tradition Wealth Management LLC boosted its holdings in shares of Direxion Work From Home ETF (NYSEARCA:WFH) by 1.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,239 shares of the company’s stock after buying an additional 1,146 shares during the quarter. Tradition Wealth Management LLC owned 19.25% of Direxion Work From Home ETF worth $5,623,000 at the end of the most recent reporting 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.