TB Alternative Assets Ltd. Acquires Shares of 480,945 Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

TB Alternative Assets Ltd. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 480,945 shares of the company’s stock, valued at approximately $17,641,000. Direxion Daily Semiconductors Bull 3x Shares accounts for about 4.2% of TB Alternative Assets Ltd.’s portfolio, making the stock its 10th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Covestor Ltd raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 98.9% during the 1st quarter. Covestor Ltd now owns 1,760 shares of the company’s stock valued at $82,000 after buying an additional 875 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at about $42,000. VitalStone Financial LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 437.1% during the 1st quarter. VitalStone Financial LLC now owns 2,186 shares of the company’s stock valued at $102,000 after buying an additional 1,779 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 26.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 13,895 shares of the company’s stock valued at $510,000 after buying an additional 2,902 shares in the last quarter. Finally, Morse Asset Management Inc raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 31.1% during the 2nd quarter. Morse Asset Management Inc now owns 16,225 shares of the company’s stock valued at $898,000 after buying an additional 3,848 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 0.2 %

Shares of NYSEARCA SOXL opened at $35.27 on Monday. The firm’s 50-day moving average price is $35.42 and its 200-day moving average price is $43.23. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $14.01 and a 12-month high of $70.08.

Direxion Daily Semiconductors Bull 3x Shares Profile

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) is an exchange-traded fund that is based on the ICE Semiconductor index. The fund provides 3x daily exposure to a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXL was launched on Mar 11, 2010 and is managed by Direxion.