TB Alternative Assets Ltd. Makes New Investment in Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)

TB Alternative Assets Ltd. acquired a new position in Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 76,700 shares of the company’s stock, valued at approximately $10,180,000. Direxion Daily S&P Biotech Bull 3x Shares makes up 2.5% of TB Alternative Assets Ltd.’s holdings, making the stock its 12th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 49,146.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 352,111 shares of the company’s stock valued at $1,342,000 after buying an additional 351,396 shares during the last quarter. Traynor Capital Management Inc. grew its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 118.0% during the 1st quarter. Traynor Capital Management Inc. now owns 5,804 shares of the company’s stock valued at $770,000 after buying an additional 3,142 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 4th quarter valued at about $521,000. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 4th quarter valued at about $488,000. Finally, Gateway Advisory LLC bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 4th quarter valued at about $366,000.

Direxion Daily S&P Biotech Bull 3x Shares Price Performance

NYSEARCA LABU traded down $3.59 on Wednesday, hitting $111.84. The stock had a trading volume of 1,219,860 shares, compared to its average volume of 2,587,950. Direxion Daily S&P Biotech Bull 3x Shares has a one year low of $48.40 and a one year high of $176.99. The company’s 50-day moving average is $105.41 and its two-hundred day moving average is $117.91.

About Direxion Daily S&P Biotech Bull 3x Shares

The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.