Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) to Issue $0.08 Dividend

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Friday, September 18th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.0794 per share on Thursday, October 1st. The ex-dividend date of this dividend is Wednesday, September 30th.

Direxion Daily CSI 300 China A Share Bear 1X Shares Trading Down 6.1%

Shares of NYSEARCA CHAD traded down $0.54 during mid-day trading on Friday, reaching $8.35. 84,734 shares of the company were exchanged, compared to its average volume of 43,692. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 1 year low of $6.80 and a 1 year high of $9.09. The firm has a 50-day moving average of $17.63 and a 200 day moving average of $18.77.

Key Stories Impacting Direxion Daily CSI 300 China A Share Bear 1X Shares

Here are the key news stories impacting Direxion Daily CSI 300 China A Share Bear 1X Shares this week:

• Positive Sentiment: CHAD declared a cash distribution, providing a small income payment to eligible shareholders. Most recent notices list a dividend of $0.0052 per share, payable November 2 to investors of record October 30; the ex-dividend date is October 30.
• Neutral Sentiment: Some reports instead cite a $0.0794 per-share distribution payable November 2, while one notice lists $0.0794 payable October 1 to shareholders of record September 30. The conflicting figures may reflect separate fund distributions, amended data, or reporting errors, so investors should verify the official distribution schedule with Direxion or the fund’s exchange filings.
• Negative Sentiment: The reported distributions are modest relative to CHAD’s market value and are unlikely to be a major catalyst for the fund. As a daily inverse ETF designed to benefit when the CSI 300 China A Share Index declines, CHAD’s performance is primarily driven by daily movements in Chinese A-share equities, not dividend income. The shares have decreased recently and remain below their longer-term moving averages.

Direxion Daily CSI 300 China A Share Bear 1X Shares Company Profile

The Direxion Daily CSI 300 China A Share Bear 1X Shares (CHAD) is an exchange-traded fund that is based on the China Shenzhen SE \u002F CSI 300 index. The fund provides daily inverse exposure to an index of the 300 largest and most liquid Chinese shares traded on the Shanghai and Shenzhen exchanges. CHAD was launched on Jun 17, 2015 and is managed by Direxion.