Investors Buy Large Volume of Direxion Work From Home ETF Call Options (NYSEARCA:WFH)

Direxion Work From Home ETF (NYSEARCA:WFH) was the target of some unusual options trading activity on Thursday. Investors acquired 1,003 call options on the stock. This is an increase of approximately 1,274% compared to the average volume of 73 call options.

Shares of WFH opened at $52.17 on Friday. Direxion Work From Home ETF has a twelve month low of $49.20 and a twelve month high of $59.40. The company has a fifty day moving average price of $53.86.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. XR Securities LLC purchased a new stake in shares of Direxion Work From Home ETF in the second quarter valued at approximately $1,443,000. Bank of America Corp DE purchased a new stake in shares of Direxion Work From Home ETF in the second quarter valued at approximately $3,838,000. Finally, UBS Group AG purchased a new stake in shares of Direxion Work From Home ETF in the second quarter valued at approximately $3,838,000.

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