TB Alternative Assets Ltd. Takes Position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

TB Alternative Assets Ltd. purchased a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 480,945 shares of the company’s stock, valued at approximately $17,641,000. Direxion Daily Semiconductors Bull 3x Shares makes up 4.2% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 10th largest position. TB Alternative Assets Ltd. owned approximately 0.18% of Direxion Daily Semiconductors Bull 3x Shares at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Global Assets Advisory LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the 1st quarter valued at about $13,683,000. SG Americas Securities LLC grew its position in Direxion Daily Semiconductors Bull 3x Shares by 56.4% during the second quarter. SG Americas Securities LLC now owns 39,276 shares of the company’s stock valued at $2,174,000 after acquiring an additional 14,170 shares during the last quarter. Morse Asset Management Inc grew its position in Direxion Daily Semiconductors Bull 3x Shares by 31.1% during the second quarter. Morse Asset Management Inc now owns 16,225 shares of the company’s stock valued at $898,000 after acquiring an additional 3,848 shares during the last quarter. HB Wealth Management LLC purchased a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth approximately $623,000. Finally, XTX Topco Ltd bought a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the 2nd quarter worth approximately $503,000.

Direxion Daily Semiconductors Bull 3x Shares Trading Up 0.2 %

Shares of NYSEARCA:SOXL opened at $35.27 on Monday. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $14.01 and a 12-month high of $70.08. The stock’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 P/E ratio of 37.08 and a beta of 5.47.

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.