- What does QCMU invest in?
- The Direxion Daily QCOM Bull 2X ETF (QCMU) is engineered to provide daily returns that are double the percentage change of QUALCOMM Incorporated's (NASDAQ: QCOM) common stock performance, prior to the deduction of its fees and operating costs.
- What is the expense ratio of QCMU?
- Direxion Daily QCOM Bull 2X ETF (QCMU) charges an expense ratio of 2.44%. This is the annual fee deducted from fund assets to cover management and operations.
- Is QCMU a good long-term hold?
- QCMU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does QCMU's daily reset work?
- QCMU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is QCMU?
- Direxion Daily QCOM Bull 2X ETF (QCMU) manages $27.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is QCMU actively managed or an index fund?
- QCMU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
