QCML

GraniteShares 2x Long QCOM Daily ETF

$22.17

+0.00%

Market closed. Last update: 11:56 AM ET

📎 Investment Objective

The GraniteShares 2x Long QCOM Daily ETF (QCML) seeks to provide 2x the daily return of the Qualcomm Inc. (QCOM) stock.

Overview

ETF tracking GraniteShares 2x Long QCOM Daily ETF

Category Leveraged

Issuer Other

Inception Date 2025-02-13

Market Cap $5.3M

Average Volume N/A

Dividend Yield N/A

52-Week Range $12.86 - $26.42

VWAP $22.01

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long QCOM Daily ETF (QCML) seeks to provide 2x the daily return of the Qualcomm Inc. (QCOM) stock.

🎯 Investment Strategy

QCML uses a leveraged strategy to amplify the daily performance of the underlying QCOM stock. It achieves this by using derivatives and other financial instruments to create the 2x exposure.

✨ Key Features

Provides 2x the daily return of Qualcomm Inc. stock
Utilizes derivatives and leverage to achieve the 2x exposure
Resets daily, so longer-term returns may differ from 2x the QCOM stock
Very small asset base of $0 as of the latest reporting period

⚠️ Primary Risks

Significant daily volatility and risk of losses due to the leveraged nature
Potential for divergence between the fund's return and 2x the QCOM stock over longer periods
Counterparty risk associated with the derivatives used to obtain leverage
Low trading volume and asset base, which can impact liquidity and increase trading costs

👤 Best For

Given the high-risk, speculative nature of this leveraged ETF, it is generally only suitable for experienced, sophisticated investors with a very high risk tolerance and short-term trading horizon. It is not recommended for long-term buy-and-hold investors.