Direxion Work From Home ETFDD

Direxion Work From Home ETF

69.30USDR
−0.01−0.02%
At close at Jul 25, 20:10 GMT
USD
No trades
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Key stats


Assets under management (AUM)
‪15.60 M‬USD
Fund flows (1Y)
‪−15.60 M‬USD
Dividend yield (indicated)
0.93%
Discount/Premium to NAV
−0.04%
Shares outstanding
‪225.00 K‬
Expense ratio
0.45%

About Direxion Work From Home ETF


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Home page
Inception date
Jun 25, 2020
Structure
Open-Ended Fund
Index tracked
Solactive Remote Work Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
WFH is passively managed to invest in 40 companies that provide products and services that enable people to work from home. WFH industries include remote communications, cyber security, online project and document management, and cloud computing technologies. The Index components are selected using a natural language processing algorithm which identify WFH industries using key words from public company data, like annual reports, published business descriptions, and financial news reports. The companies within each WFH Industry are ranked based on the number of key word hits in the companys data. The top 10 companies in each of the four WFH Industries are selected then weighted equally. The Index is reconstituted and rebalanced semi-annually.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Remote work
Strategy
Equal
Geography
U.S.
Weighting scheme
Equal
Selection criteria
Market cap
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Stock breakdown by region
85%3%4%6%
Top 10 holdings
Symbol
Assets
Symbol
Assets
O
Oracle CorporationORCL
3.49%
A
Broadcom Inc.AVGO
3.48%
P
Pegasystems Inc.PEGA
3.41%
N
NVIDIA CorporationNVDA
3.40%
Z
Zscaler, Inc.ZS
3.35%
N
Cloudflare Inc Class ANET
3.18%
V
Varonis Systems, Inc.VRNS
3.00%
L
SEALSQ Corp.LAES
3.00%
M
Microsoft CorporationMSFT
2.95%
C
CrowdStrike Holdings, Inc. Class ACRWD
2.95%
Top 10 weight32.21%
41 total holdings

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
WFH trades at 69.30 USD today, its price has fallen −0.02% in the past 24 hours. Track more dynamics on WFH price chart.
WFH net asset value is 69.33 today — it's risen 0.96% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
WFH assets under management is ‪15.60 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
WFH price has risen by 2.29% over the last month, and its yearly performance shows a 28.46% increase. See more dynamics on WFH price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.96% over the last month, showed a 18.82% increase in three-month performance and has increased by 30.47% in a year.
WFH fund flows account for ‪−15.60 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
WFH invests in stocks. See more details in our Analysis section.
WFH expense ratio is 0.45%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, WFH isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, WFH technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating WFH shows the buy signal. See more of WFH technicals for a more comprehensive analysis.
Yes, WFH pays dividends to its holders with the dividend yield of 0.93%.
WFH trades at a premium (0.04%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
WFH shares are issued by Rafferty Asset Management LLC
WFH follows the Solactive Remote Work Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 25, 2020.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.