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

Direxion Work From Home ETF (NYSEARCA:WFH) shares were down 1.5% during trading on Thursday . The stock traded as low as $59.10 and last traded at $59.10. Approximately 601 shares changed hands during 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 Down 1.5 %

The business’s 50 day simple moving average is $57.92 and its two-hundred day simple moving average is $55.51. The stock has a market cap of $29.55 million, a P/E ratio of 31.88 and a beta of 1.50.

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 lifted its position in shares of Direxion Work From Home ETF (NYSEARCA:WFH) by 156.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,609 shares of the company’s stock after purchasing an additional 5,862 shares during the quarter. Virtu Financial LLC owned 1.92% of Direxion Work From Home ETF worth $544,000 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.