Direxion’s New ETFs Focus on Qualcomm and Cisco

Two of the new funds focus on the daily stock performance of Cisco (CSCO). The Direxion Daily CSCO Bull 2X ETF (CSCL) shoots to provide double the daily results of Cisco’s stock. Meanwhile, the Direxion Daily CSCO Bear 1X ETF (CSCS) focuses on generating -100% of Cisco’s daily performance. 

Qualcomm (QCOM) remains the focus of the other Direxion funds releasing today. A bullish Qualcomm play, the Direxion Daily QCOM Bull 2X ETF (QCMU) seeks double the daily performance of the tech company’s stock. Inversely, the Direxion Daily QCOM Bear 1X ETF (QCMD) offers -100% of Qualcomm’s daily stock results. 

“Cisco and Qualcomm are at the forefront of networking and wireless innovation, sectors that are integral to the digital economy,” said Douglas Yones, CEO of Direxion. “By introducing these ETFs, we empower traders to capitalize on short-term movements in these pivotal technology stocks, reflecting our commitment to providing targeted tools for dynamic market engagement." 

These four funds look to generate exposure to daily single-stock performance through the use of swap agreements. Each fund intends to continue their investment approaches regardless of how the market or individual companies are performing. 

Traditionally, Direxion’s lineup of Leveraged & Inverse ETFs are designed to help portfolios make short-term bets on compelling stocks and strategies. Due to their pursuit of short-term results, these ETFs may be best used by experienced investors and advisors. However, these strategies could offer significant results for those willing to bet on Qualcomm and Cisco’s daily movements. 

With extensive experience in piloting its Leveraged & Inverse ETFs, Direxion now has over 110 ETFs listed in the United States. One of its largest funds, the Direxion Daily Semiconductor Bull 3x Shares (SOXL B+), has more than $12 billion in assets under management. 

For more news, information, and analysis, visit the Leveraged & Inverse Channel.