Direxion Daily QCOM Bear 1X ETF
QCMD
NASDAQ Global Select- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor, New York, NY 10019, USA United States of America
- IPO Date
- Jun 25, 2025
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily QCOM Bear 1X ETF (QCMD) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) of the daily performance of the common shares of QUALCOMM Incorporated (NASDAQ: QCOM). The fund, issued by Direxion Shares ETF Trust and managed by Rafferty Asset Management, LLC, invests at least 80% of its net assets in financial instruments including swap agreements, options, futures contracts, exchange-traded funds tracking QCOM, and short-term debt instruments that, in combination, provide 1X daily inverse exposure to QCOM; it pursues dedicated short bias strategies within the alternative investments category for short-term tactical traders seeking to hedge or profit from declines in QCOM stock. Launched on June 25, 2025, and listed on NASDAQ, QCMD operates with a net expense ratio of 0.97% (through September 1, 2026, pursuant to an operating expense limitation agreement) and features high portfolio turnover due to daily rebalancing. Headquartered at 1301 Avenue of the Americas, 28th Floor, New York, New York, the ETF is part of Direxion's broader lineup of leveraged and inverse ETFs provided by Direxion, founded in 1997 with additional offices in Boston, Massachusetts; Milwaukee, Wisconsin; and Hong Kong. QCMD targets experienced investors and active traders focused on single-stock volatility, particularly in the semiconductor and wireless technology sectors via inverse exposure to QCOM, a leader in 3G, 4G, 5G connectivity, and on-device AI computing. In June 2025, Direxion launched QCMD alongside its bull counterpart, Direxion Daily QCOM Bull 2X ETF (QCMU), as part of an expansion of its single-stock daily leveraged and inverse ETF suite to include exposure to Cisco Systems (CSCO) and QUALCOMM (QCOM), enabling traders to amplify or hedge short-term perspectives on these stocks. This followed Direxion's earlier 2025 product launches such as ETFs tied to Boeing (BA), Exxon Mobil (XOM), Eli Lilly (LLY), and Palo Alto Networks (PANW) in April and March, and AMD in February, alongside executive appointments including Chief Product Officer Mo Sparks in April; the firm also announced ETF liquidations (OOTO, CLDL) in June and a reverse split for KORU in January. Direxion continues to innovate in tactical trading tools, managing approximately $40.7 billion in assets as of March 31, 2025, with no reported acquisitions, funding rounds, or name changes for the QCMD product or issuer in the past year.