Aims to deliver two hundred percent (200%) of the daily percentage change in Qualcomm Inc. (QCOM) common shares. Now — the numbers.
The stock trades 56% below its peak. The market has cut its expectations for the company sharply.
This is a fund, not a company — there are no company accounts here to point to a strength. What it holds is what it is.
This stock swings about 6.3 times as much as the market average. Big rallies — and big drops — can both happen fast.
The stock trades 56% below its five-year peak.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.