QCML Stock Summary and Trading Ideas (Graniteshares 2X Long Qcom Daily ETF | NASDAQ:QCML)

The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Qualcomm Inc (QCOM:NASDAQ). Qualcomm Inc. is engaged in the development and commercialization of foundational technologies for the wireless industry, and high-performance and low-power computing, including on-device artificial intelligence. The Fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the Underlying Stock by entering into financial instruments such as swaps and options Underlying Stock as well as directly purchasing the Underlying Stock. The Fund aims to generate 2 times the daily performance of the Underlying Stock for a single day.

Graniteshares 2X Long Qcom Daily ETF trades on the NASDAQ stock market under the symbol QCML.

As of March 10, 2025, QCML stock price declined to $20.57 with 4,647 million shares trading.

QCML has a market cap of $411,400.00. This is considered a Sub-Micro Cap stock.

QCML support price is $21.09 and resistance is $23.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QCML shares will trade within this expected range on the day.