ETF Explainer: WFH

September 01, 2021

Each month, we look at an ETF selected by ETF.com based on its performance and importance to investors. This month, we consider the performance of the $117.6 million Direxion Work From Home ETF (WFH), a thematic fund targeting companies that support remote work. All the companies mentioned below are holdings in WFH, unless otherwise noted (*).

 

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SEP 1 DocuSign stock and other remote-work stocks are taken along for a ride as Zoom spikes 40% largely due to its pandemic-related success.

NOV 5 Facebook stock gets a boost as it clamps down on disinformation around the presidential election as Trump promotes claims of election fraud and impropriety during the vote counting process.

FEB 25 NetApp, which offers cloud data management solutions, sees its share price plunge 14.5% during a general tech market selloff despite beating analyst expectations for fiscal 3Q earnings.

APR 26 Private equity firm Thoma Bravo announces it’s buying security software firm Proofpoint in a $12.3 billion deal that will result in Proofpoint becoming a privately held company again.

MAY 14 Software infrastructure provider Nutanix sees its stock jump in anticipation of better-than-expected results for its 3Q earnings report, with strong gross margins forecasted.

JUL 28 Alphabet, parent company of Google, announces profits of $18.5 billion for the second quarter, earning more in three months than it did in all of 2015.

Source: Bloomberg; data for 7/31/2020-7/30/2021

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