Direxion Daily QCOM Bear 1X Shares (QCMD)
Direxion Daily QCOM Bear 1X Shares operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $18.34, up 0.16% on the session, giving a market capitalisation of $2.4M. Its beta of -3.74 implies it has historically moved less than the broad market.
QCMD is a short-term tactical tool that aims to deliver -1x the price return, less fees and expenses, for a single day of QUALCOMM, Inc. stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the -1x multiple. Aside from the inverse exposure, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Effective February 27, 2026, the fund replaced the term Shares in its name with ETF.
Direxion Daily QCOM Bear 1X Shares is most often compared with the following Financial Services names: