Direxion Work From Home ETF (NYSEARCA:WFH) Stock Price Up 3.4% – Should You Buy?

Direxion Work From Home ETF (NYSEARCA:WFH) shares shot up 3.4% during trading on Tuesday . The company traded as high as $69.97 and last traded at $69.70. 1,186 shares traded hands during mid-day trading, an increase of 98% from the average session volume of 599 shares. The stock had previously closed at $67.38.

Direxion Work From Home ETF Price Performance

The business has a fifty day moving average of $65.74 and a 200 day moving average of $60.30. The stock has a market capitalization of $34.85 million, a price-to-earnings ratio of 31.88 and a beta of 1.50.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Work From Home ETF stock. Strategic Financial Concepts LLC acquired a new position in shares of Direxion Work From Home ETF (NYSEARCA:WFH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,856 shares of the company’s stock, valued at approximately $826,000. Strategic Financial Concepts LLC owned 2.57% of Direxion Work From Home ETF at the end of the most recent quarter.

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.