GraniteShares 2x Long QCOM Daily ETF (QCML)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
14.88 USD
-0.09
(-0.568%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 14.80 -0.08 (-0.080%) ⇩ (Aug. 28, 2026, 7:50 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:42 a.m. EDT
This instrument is a leveraged daily ETF tracking Qualcomm, making it fundamentally unsuitable for long-term holding due to the compounding decay inherent in such structures during sideways or volatile markets. The underlying asset has suffered a severe multi-year decline, dropping from a high of $41.90 to the current range of $14-$15, which represents a catastrophic loss of capital for leveraged investors. While the recent 14-day price action shows some erratic movement, it remains trapped well below its 50-day and 200-day moving averages, indicating persistent bearish momentum. The options market confirms this pessimism, with traders aggressively buying put protection while call activity is muted. With no dividend income to offset the drag and a statistical forecast showing only a weak lean upward, the outlook is bleak. This is a speculative vehicle for short-term tactical trades, not a core investment. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.297530 |
| AutoETS | 0.414727 |
| AutoTheta | 0.419886 |
| MSTL | 0.446513 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 35% |
| H-stat | 2.85 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.907 |
| Excess Kurtosis | -0.05 |
As of Aug. 22, 2026, 4:42 a.m. EDT: Speculators are positioning defensively with heavy put volume and open interest relative to calls, particularly at strikes significantly below the current price. The implied volatility surface shows elevated premiums for downside protection compared to upside speculation, suggesting a market consensus expecting continued volatility or further declines rather than a sharp rally.
| Attribute | Value |
|---|---|
| All Time High | 41.9 |
| All Time Low | 10.46 |
| Ask | 17.72 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 223,670 |
| Average Daily Volume3 Month | 1,190,536 |
| Average Volume | 1,190,536 |
| Average Volume10Days | 223,670 |
| Beta3 Year | 0.0 |
| Bid | 10.52 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 15.07 |
| Day Low | 14.5 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 17.29384 |
| Fifty Day Average Change | -2.4138403 |
| Fifty Day Average Change Percent | -0.13957803 |
| Fifty Two Week Change Percent | -22.403002 |
| Fifty Two Week High | 41.9 |
| Fifty Two Week High Change | -27.02 |
| Fifty Two Week High Change Percent | -0.64486873 |
| Fifty Two Week Low | 10.46 |
| Fifty Two Week Low Change | 4.42 |
| Fifty Two Week Low Change Percent | 0.42256215 |
| Fifty Two Week Range | 10.46 - 41.9 |
| First Trade Date Milliseconds | 1,743,687,000,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -0.08500004 |
| Fullday Change Percent | -0.5679922 |
| Fullday Price | 14.8 |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,739,318,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-02-13 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | 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 is non-diversified. |
| Long Name | GraniteShares 2x Long QCOM Daily ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1917186552 |
| Nav Price | 14.99 |
| Net Assets | 45,908,288.0 |
| Net Expense Ratio | 1.5 |
| Open | 14.83 |
| Post Market Change | -0.07999992 |
| Post Market Change Percent | -0.5376339 |
| Post Market Price | 14.8 |
| Post Market Time | 1,787,961,011 |
| Previous Close | 14.965 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.08500004 |
| Regular Market Change Percent | -0.5679922 |
| Regular Market Day High | 15.07 |
| Regular Market Day Low | 14.5 |
| Regular Market Day Range | 14.5 - 15.07 |
| Regular Market Open | 14.83 |
| Regular Market Previous Close | 14.965 |
| Regular Market Price | 14.88 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 173,090 |
| Short Name | GraniteShares 2x Long QCOM Dail |
| Source Interval | 15 |
| Symbol | QCML |
| Total Assets | 45,908,288 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -43.76719 |
| Trailing Three Month Returns | -43.76719 |
| Triggerable | 1 |
| Two Hundred Day Average | 19.021576 |
| Two Hundred Day Average Change | -4.141576 |
| Two Hundred Day Average Change Percent | -0.21773042 |
| Type Disp | ETF |
| Volume | 173,090 |
| Yield | 0.0 |
| Ytd Return | -42.31312 |