Direxion Daily QCOM Bear 1X ETF (QCMD) ETF Price, Holdings & News

Technical Score (1D)

SELL

News Sentiment

BULLISH

What's happening to QCMD today?

QCMD has just seen a sharp decline in short interest, falling 69.6 % to 1,801 shares by August 31, which signals a shift toward a more bullish market view for the ETF’s underlying exposure. The short‑interest ratio now sits at 0.2 days and only 1.5 % of shares are sold short, a dramatic easing of bearish sentiment that could lift trading volume and reduce volatility in the near term. This change comes alongside the declaration of a quarterly dividend of $0.1268 per share, giving QCMD a 3.1 % yield that may attract income‑seeking investors and further dampen short pressure. The reduction in shorts suggests that traders are re‑evaluating the risk profile of the ETF’s holdings, potentially reflecting improved earnings outlooks or softer regulatory concerns across its constituent sectors. Over the next 1–10 trading days, the ETF could benefit from increased liquidity as more participants look to capitalize on the lower short exposure and the attractive dividend yield. Second‑order effects may include a modest lift in related sector indices if the sentiment shift spreads to the broader technology and semiconductor space. Traders should monitor the upcoming earnings releases of key holdings such as QCOM and other semiconductor names, as well as any forthcoming policy updates that could influence supply chain dynamics. Keep an eye on the next earnings cycle and any changes in short interest data to gauge whether the bullish tilt is sustained.

News Sentiment Analysis

Sentiment gathered from recent headlines

60/100

Strong NegativeNeutralStrong Positive

MODERATELY BULLISH

Recent News Coverage (Top ETF Holdings)

ETF: QCMD

2 articles

What did this article say?

The article reports a large decrease in short interest for Direxion Daily QCOM Bear 1X ETF (QCMD), implying a shift toward a more favorable market view. While specific numbers are not provided, the reduction in short positions suggests that bearish sentiment is easing. This change could influence future trading activity and investor perception of QCMD.

What did this article say?

Direxion Daily QCOM Bear 1X ETF (QCMD) saw its short interest fall from 5,931 shares on August 15 to 1,801 shares by August 31, a 69.6% decline. The short‑interest ratio is now 0.2 days, and only 1.5% of the shares are sold short. The ETF also declared a quarterly dividend of $0.1268 per share, yielding 3.1%. These developments suggest a shift toward bullish sentiment and reduced bearish pressure on the stock.

End of results

Last updated: February 15, 2026

Investment Factors for QCMD

QCMD is structured as an inverse ETF, aiming to deliver the opposite of Qualcomm's daily performance. This strategy is achieved through financial instruments like swaps and options, providing a 1X inverse exposure. The fund's non-diversified nature means it concentrates solely on QCOM, making it highly sensitive to Qualcomm's stock movements.

Given its inverse nature, QCMD is best suited for short-term trading strategies and hedging. Investors should be aware of the daily reset mechanism, which can lead to significant tracking errors over longer periods. The fund's performance is heavily reliant on the volatility of Qualcomm's stock, making it crucial to monitor market conditions closely.

Inverse Exposure

QCMD provides a 1X daily inverse exposure to Qualcomm. This means the fund seeks to deliver the opposite of QCOM's daily returns.

The fund utilizes financial instruments, including swaps and options, to achieve its investment objective. This structure is designed for short-term trading.

Investors should understand that the daily reset can lead to significant deviations from the inverse of Qualcomm's long-term performance.

Concentrated Holdings

QCMD's portfolio is highly concentrated, with 100% of its holdings in QUALCOMM Incorporated (QCOM). This lack of diversification amplifies the fund's risk profile.

The fund's performance is directly tied to the performance of QCOM. Any significant movement in Qualcomm's stock price will directly impact QCMD's value.

This concentrated structure makes QCMD suitable for investors with a strong view on Qualcomm's short-term prospects.

Thematic Focus

QCMD is indirectly linked to the AI infrastructure, AI/ML, and semiconductor sectors through its inverse exposure to Qualcomm.

This thematic focus makes it relevant for investors looking to express a negative view on these areas.

The fund's performance is influenced by broader trends in the semiconductor industry and the adoption of AI technologies.

Trading Strategy

QCMD is designed for short-term trading and hedging purposes. Its daily reset mechanism makes it unsuitable for long-term investment.

Investors should closely monitor Qualcomm's stock price and market volatility when trading QCMD.

The fund's inverse exposure can be used to offset potential losses in a portfolio holding Qualcomm stock.

Market Sensitivity

QCMD's performance is highly sensitive to market conditions and the volatility of Qualcomm's stock.

The fund is likely to experience significant price fluctuations, especially during periods of high market volatility.

Investors should be prepared for potentially rapid gains or losses, depending on the direction of Qualcomm's stock price.

Positioning QCMD

Given its inverse nature, QCMD is best suited for short-term trading strategies and hedging. Investors should consider using QCMD to express a negative view on Qualcomm or to hedge against potential losses in a portfolio. Due to its daily reset mechanism, QCMD is not designed for long-term holding. Monitor Qualcomm's stock price and market volatility closely when considering a position in QCMD.

What Influences QCMD?

QCMD seeks daily inverse exposure to Qualcomm (QCOM), making its performance highly sensitive to the stock's price movements. As a leveraged inverse ETF, QCMD's returns are amplified, requiring careful monitoring of QCOM's trends.

QCOM Price Action

QCMD's primary driver is the daily performance of QCOM, its sole holding. When QCOM rises, QCMD declines, and vice versa, due to the inverse relationship.

Traders should watch QCOM's news flow, earnings reports, and broader semiconductor sector trends, as these factors directly influence QCMD's daily returns.

Leverage Impact

As a 1x leveraged inverse ETF, QCMD amplifies QCOM's daily percentage moves. This means that small price changes in QCOM can result in larger percentage gains or losses for QCMD.

The fund's daily reset mechanism means that holding QCMD for periods longer than a day can lead to significant tracking error due to compounding, especially during volatile periods for QCOM.

Sector Sentiment

The semiconductor sector's overall health and investor sentiment significantly impact QCOM and, consequently, QCMD. Positive news for the sector often lifts QCOM, pressuring QCMD.

Conversely, negative developments in the semiconductor space, such as supply chain disruptions or decreased demand, can benefit QCMD. Monitoring the broader sector is crucial for understanding QCMD's potential moves.

Key insight: QCMD's performance hinges on QCOM's daily price fluctuations and the broader semiconductor sector's health. Investors should closely monitor these factors to manage the risks associated with leveraged inverse ETFs.

Key Metrics for QCMD

As a leveraged inverse ETF, QCMD's performance hinges on Qualcomm's daily price movements. Investors should closely monitor the fund's tracking accuracy, trading costs, and the underlying stock's volatility.

Daily Tracking: Assesses how closely QCMD's daily returns mirror the inverse performance of Qualcomm. Significant deviations suggest potential issues with the fund's replication strategy or high trading costs. Consistent tracking is crucial for achieving the desired inverse exposure to Qualcomm.

Volatility Impact: Evaluates the effect of Qualcomm's price swings on QCMD's returns. Higher volatility in Qualcomm can amplify both gains and losses in QCMD due to its leveraged and inverse nature. Monitor Qualcomm's volatility to understand potential risk and reward dynamics.

Holding Concentration: Examines the fund's exposure to Qualcomm, its sole holding. Given the 100% allocation to Qualcomm, the fund's performance is entirely dependent on this single stock. Any adverse movement in Qualcomm's price will directly impact QCMD's value.

Expense Ratio: The expense ratio is a critical factor, as it directly reduces returns. A higher expense ratio can erode the benefits of inverse exposure over time.

Trading Volume: Measures the liquidity of QCMD, which is essential for efficient trading. Higher trading volume generally indicates tighter bid-ask spreads and lower trading costs. Monitor trading volume to assess the ease of entering and exiting positions.

52-Week Range: Provides context for Qualcomm's price movements and QCMD's potential performance. The 52-week high and low can help gauge the stock's volatility and potential for future price swings. Compare the current price to the 52-week range to assess risk and opportunity.

Risk Factors to Monitor

QCMD's inverse exposure to Qualcomm introduces unique risks, amplified by its leveraged structure and concentrated holdings. Investors should carefully consider these factors before investing.

Single-Stock Concentration
The fund's 100% allocation to Qualcomm creates extreme concentration risk. Adverse price movements in Qualcomm stock will directly and significantly impact the fund's value. Any negative news, earnings miss, or sector-specific downturn affecting Qualcomm will trigger losses.
Daily Compounding Risk
Due to its 1X daily inverse objective, QCMD's returns are reset daily. This means that the fund's performance over periods longer than one day can deviate significantly from the inverse of Qualcomm's performance due to compounding. This effect is magnified during periods of high volatility in Qualcomm's stock price.
Leverage Decay
The fund's use of leverage means that it will experience accelerated losses during periods of adverse price movements in Qualcomm. Even small price swings can lead to substantial losses due to the leveraged nature of the fund. This effect is particularly pronounced during periods of high volatility.
Tracking Error
QCMD's ability to perfectly track the inverse performance of Qualcomm is subject to tracking error. This can arise from factors such as fund expenses, the use of derivatives, and the timing of trades. Significant tracking error can lead to the fund's performance diverging from its stated objective.
Sector-Specific Headwinds
As a semiconductor-focused fund, QCMD is exposed to risks specific to the semiconductor industry. Changes in demand, supply chain disruptions, or technological obsolescence can negatively impact Qualcomm's stock price. Broader sector downturns, such as a decline in demand for smartphones, could trigger losses.
Expense Ratio Drag
The fund's expense ratio and other operational costs will erode returns over time. These costs are a direct drag on performance, especially in a leveraged fund where even small percentage differences in returns can have a large impact. Investors should consider the expense ratio when evaluating QCMD.

Frequently Asked Questions

What is the investment objective of the QCMD ETF?

QCMD aims to deliver 1x daily inverse exposure to Qualcomm (QCOM). This means the fund seeks to provide returns that are the opposite of QCOM's daily performance. Investors should understand that this is a leveraged and inverse ETF, designed for short-term trading rather than long-term holding.

What is the expense ratio for QCMD?

The expense ratio for QCMD is not available in the provided data. Investors should always check the fund's prospectus or official documentation for the most current expense ratio information. This ratio is a key factor in evaluating the fund's overall cost.

What are the primary risks associated with investing in QCMD?

QCMD carries significant risks, including daily compounding, leverage, and inverse exposure. The fund's performance is reset daily, which can lead to returns that differ significantly from the inverse of QCOM's performance over longer periods. Additionally, the fund is non-diversified, concentrating risk in a single stock.

What does it mean that QCMD is a 'daily' ETF?

As a 'daily' ETF, QCMD's investment objective is to achieve its stated return (inverse of QCOM) over a single day. Returns over periods longer than one day may vary significantly due to the effects of compounding. Investors should monitor the fund's performance frequently and understand its short-term focus.

What is the structure of the QCMD ETF?

QCMD is structured as an exchange-traded fund. It uses financial instruments, including swaps and options, to achieve its investment objective. This structure allows the fund to provide inverse exposure to QCOM's daily performance.

What are the top holdings of QCMD?

According to the provided data, QCMD's top holding is QUALCOMM Incorporated (QCOM), representing 100% of the fund's holdings. This high concentration means the fund's performance is directly tied to the daily price movements of QCOM stock.

How volatile is QCMD compared to QCOM?

QCMD is likely to be more volatile than QCOM due to its leveraged and inverse nature. The fund's daily reset mechanism and use of derivatives can amplify both gains and losses. Investors should be prepared for potentially significant price swings.

How does QCMD fit into an investment portfolio?

QCMD is designed for short-term trading and hedging strategies, not long-term investing. It may be used by sophisticated investors to express a bearish view on QCOM or to hedge existing positions. Due to its complexity, it is not suitable for all investors.

What is the 52-week high and low for QCMD?

The 52-week high for QCMD is 27.65, and the 52-week low is 18.105. These figures provide context for the fund's recent price movements. Investors should consider these levels when evaluating potential entry or exit points.

Where can I find more information about QCMD?

Detailed information about QCMD can be found on the Direxion website, the fund's prospectus, and financial data providers. These resources provide information on the fund's holdings, expense ratio, and investment strategy. Always conduct thorough research before investing.

News Sentiment Analysis

Sentiment gathered from recent headlines

60/100

Strong NegativeNeutralStrong Positive

MODERATELY BULLISH

Recent News Coverage (Top ETF Holdings)

ETF: QCMD

2 articles

What did this article say?

End of results

Last updated: February 15, 2026

Investment Factors for QCMD

Inverse Exposure

QCMD provides a 1X daily inverse exposure to Qualcomm. This means the fund seeks to deliver the opposite of QCOM's daily returns.

The fund utilizes financial instruments, including swaps and options, to achieve its investment objective. This structure is designed for short-term trading.

Investors should understand that the daily reset can lead to significant deviations from the inverse of Qualcomm's long-term performance.

Concentrated Holdings

QCMD's portfolio is highly concentrated, with 100% of its holdings in QUALCOMM Incorporated (QCOM). This lack of diversification amplifies the fund's risk profile.

The fund's performance is directly tied to the performance of QCOM. Any significant movement in Qualcomm's stock price will directly impact QCMD's value.

This concentrated structure makes QCMD suitable for investors with a strong view on Qualcomm's short-term prospects.

Thematic Focus

QCMD is indirectly linked to the AI infrastructure, AI/ML, and semiconductor sectors through its inverse exposure to Qualcomm.

This thematic focus makes it relevant for investors looking to express a negative view on these areas.

The fund's performance is influenced by broader trends in the semiconductor industry and the adoption of AI technologies.

Trading Strategy

QCMD is designed for short-term trading and hedging purposes. Its daily reset mechanism makes it unsuitable for long-term investment.

Investors should closely monitor Qualcomm's stock price and market volatility when trading QCMD.

The fund's inverse exposure can be used to offset potential losses in a portfolio holding Qualcomm stock.

Market Sensitivity

QCMD's performance is highly sensitive to market conditions and the volatility of Qualcomm's stock.

The fund is likely to experience significant price fluctuations, especially during periods of high market volatility.

Investors should be prepared for potentially rapid gains or losses, depending on the direction of Qualcomm's stock price.

Positioning QCMD

What Influences QCMD?

QCOM Price Action

QCMD's primary driver is the daily performance of QCOM, its sole holding. When QCOM rises, QCMD declines, and vice versa, due to the inverse relationship.

Traders should watch QCOM's news flow, earnings reports, and broader semiconductor sector trends, as these factors directly influence QCMD's daily returns.

Leverage Impact

As a 1x leveraged inverse ETF, QCMD amplifies QCOM's daily percentage moves. This means that small price changes in QCOM can result in larger percentage gains or losses for QCMD.

The fund's daily reset mechanism means that holding QCMD for periods longer than a day can lead to significant tracking error due to compounding, especially during volatile periods for QCOM.

Sector Sentiment

The semiconductor sector's overall health and investor sentiment significantly impact QCOM and, consequently, QCMD. Positive news for the sector often lifts QCOM, pressuring QCMD.

Key Metrics for QCMD

Expense Ratio: The expense ratio is a critical factor, as it directly reduces returns. A higher expense ratio can erode the benefits of inverse exposure over time.

Risk Factors to Monitor

QCMD's inverse exposure to Qualcomm introduces unique risks, amplified by its leveraged structure and concentrated holdings. Investors should carefully consider these factors before investing.

Single-Stock Concentration
The fund's 100% allocation to Qualcomm creates extreme concentration risk. Adverse price movements in Qualcomm stock will directly and significantly impact the fund's value. Any negative news, earnings miss, or sector-specific downturn affecting Qualcomm will trigger losses.
Daily Compounding Risk
Due to its 1X daily inverse objective, QCMD's returns are reset daily. This means that the fund's performance over periods longer than one day can deviate significantly from the inverse of Qualcomm's performance due to compounding. This effect is magnified during periods of high volatility in Qualcomm's stock price.
Leverage Decay
The fund's use of leverage means that it will experience accelerated losses during periods of adverse price movements in Qualcomm. Even small price swings can lead to substantial losses due to the leveraged nature of the fund. This effect is particularly pronounced during periods of high volatility.
Tracking Error
QCMD's ability to perfectly track the inverse performance of Qualcomm is subject to tracking error. This can arise from factors such as fund expenses, the use of derivatives, and the timing of trades. Significant tracking error can lead to the fund's performance diverging from its stated objective.
Sector-Specific Headwinds
As a semiconductor-focused fund, QCMD is exposed to risks specific to the semiconductor industry. Changes in demand, supply chain disruptions, or technological obsolescence can negatively impact Qualcomm's stock price. Broader sector downturns, such as a decline in demand for smartphones, could trigger losses.
Expense Ratio Drag
The fund's expense ratio and other operational costs will erode returns over time. These costs are a direct drag on performance, especially in a leveraged fund where even small percentage differences in returns can have a large impact. Investors should consider the expense ratio when evaluating QCMD.

Frequently Asked Questions

What is the investment objective of the QCMD ETF?

What is the expense ratio for QCMD?

What are the primary risks associated with investing in QCMD?

What does it mean that QCMD is a 'daily' ETF?

What is the structure of the QCMD ETF?

What are the top holdings of QCMD?

How volatile is QCMD compared to QCOM?

How does QCMD fit into an investment portfolio?

What is the 52-week high and low for QCMD?

Where can I find more information about QCMD?

QCMD·Direxion Daily QCOM Bear 1X ETF

What's happening to QCMD today?

News Sentiment Analysis

Recent News Coverage (Top ETF Holdings)

Discover More

Investment Factors for QCMD

Inverse Exposure

Concentrated Holdings

Thematic Focus

Trading Strategy

Market Sensitivity

Positioning QCMD

What Influences QCMD?

QCOM Price Action

Leverage Impact

Sector Sentiment

Key Metrics for QCMD

Risk Factors to Monitor

Frequently Asked Questions

News Sentiment Analysis

Recent News Coverage (Top ETF Holdings)

Discover More

Investment Factors for QCMD

Inverse Exposure

Concentrated Holdings

Thematic Focus

Trading Strategy

Market Sensitivity

Positioning QCMD

What Influences QCMD?

QCOM Price Action

Leverage Impact

Sector Sentiment

Key Metrics for QCMD

Risk Factors to Monitor

Frequently Asked Questions