The Direxion Daily QCOM Bull 2X ETF (QCMU) seeks 200% daily leveraged investment results and thus will have an increase of volatility relative to the underlying QCOM performance itself. Longer holding periods, higher volatility of QCOM and leverage increase the impact of compounding on an investor’s returns.
This ETF provides synthetic exposure. It does not hold the securities of the index directly so we cannot display its exposure breakdown.