QCMD

Direxion Daily QCOM Bear 1X ETF

$21.50

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Direxion Daily QCOM Bear 1X ETF (QCMD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Qualcomm Incorporated (QCOM).

Overview

ETF tracking Direxion Daily QCOM Bear 1X ETF

Category Inverse

Issuer Other

Inception Date 2025-06-25

Market Cap $2.7M

Average Volume N/A

Dividend Yield 0.93%

52-Week Range $20.16 - $26.74

VWAP $21.70

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily QCOM Bear 1X ETF (QCMD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Qualcomm Incorporated (QCOM).

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its inverse exposure to the performance of QCOM. It does not invest directly in the underlying stock.

✨ Key Features

Provides -1x daily exposure to the performance of QCOM stock
Designed for short-term, tactical trading rather than long-term buy-and-hold
Resets exposure daily, so longer-term returns may not match the inverse of the underlying
Very low assets under management and expense ratio of 0.00%

⚠️ Primary Risks

Significant daily rebalancing risk, which can lead to returns that do not match the inverse of the underlying over longer periods
Potential for large losses if the underlying stock rises in value
Liquidity risk due to low trading volume and assets under management
Counterparty risk associated with the use of derivatives

👤 Best For

This ETF is best suited for experienced, sophisticated traders who understand the risks of inverse and leveraged products and are looking for short-term, tactical exposure to the performance of QCOM stock. It is not recommended for long-term, buy-and-hold investors.