GraniteShares 2x Long QCOM Daily ETFGraniteShares 2x Long QCOM Daily ETFGraniteShares 2x Long QCOM Daily ETF

GraniteShares 2x Long QCOM Daily ETF

No trades
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Key stats


Assets under management (AUM)
‪1.06 M‬USD
Fund flows (1Y)
‪259.30 K‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.1%
Shares outstanding
‪40.00 K‬
Expense ratio
1.50%

About GraniteShares 2x Long QCOM Daily ETF


Issuer
GraniteShares, Inc.
Brand
GraniteShares
Inception date
Feb 13, 2025
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Graniteshares Advisors LLC
Distributor
Alps Distributors, Inc.
QCML is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Qualcomm Inc. (QCOM) stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, 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.

Classification


Asset Class
Equity
Category
Sector
Focus
Information technology
Niche
Semiconductors
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Displays a symbol's price movements over previous years to identify recurring trends.