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April 12, 2021, 2:58 p.m. EDT

Work from home ETFs rally as case counts spike

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By Andrea Riquier

Exchange-traded funds with exposure to technologies that enable home-based work and school gained Monday as COVID-19 cases spiked. The Direxion Work From Home ETF gained 0.3%, as did the First Trust NASDAQ Cybersecurity ETF /zigman2/quotes/200078153/composite CIBR +2.57% , while the Global X Cloud Computing ETF /zigman2/quotes/211334933/composite CLOU +2.49% added 0.2%. In the past week, 28 states have seen cases rates trend higher, according to Johns Hopkins University data, even as vaccine rates charge higher. In the year to date, as enthusiasm for the "re-opening" trade gains steam, the ETFs noted above are mostly lower; WFH has gained 5%, however. But over the past 12 months, they've been big gainers. The WisdomTree Cloud Computing Fund /zigman2/quotes/214057201/composite WCLD +3.66% , which slipped lower Monday, is up 106% over the past 12 months.

/zigman2/quotes/200078153/composite
US : U.S.: Nasdaq
$ 43.09
+1.08 +2.57%
Volume: 545,919
May 14, 2021 4:00p
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/zigman2/quotes/211334933/composite
US : U.S.: Nasdaq
$ 25.10
+0.61 +2.49%
Volume: 734,226
May 14, 2021 4:00p
loading...
/zigman2/quotes/214057201/composite
US : U.S.: Nasdaq
$ 46.13
+1.63 +3.66%
Volume: 299,357
May 14, 2021 4:00p
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