Key stats
About GraniteShares 2x Long QCOM Daily ETF
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Inception date
Feb 13, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
No, QCML doesn't pay dividends to its holders.
QCML shares are issued by GraniteShares, Inc. under the brand GraniteShares. The ETF was launched on Feb 13, 2025, and its management style is Active.
QCML expense ratio is 1.50% meaning you'd have to pay 1.50% of your investment to help manage the fund.
QCML follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QCML invests in cash.
QCML trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.