Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) Shareholders to Receive $0.01 Dividend

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Tuesday, October 20th. Stockholders of record on Friday, November 27th will be given a dividend of $0.0061 per share on Monday, November 30th. The ex-dividend date of this dividend is Friday, November 27th.

Direxion Daily CSI 300 China A Share Bear 1X Shares Price Performance

Shares of CHAD stock traded up $0.22 during midday trading on Wednesday, reaching $9.84. 28,667 shares of the company traded hands, compared to its average volume of 37,447. The firm’s 50 day simple moving average is $12.77 and its two-hundred day simple moving average is $17.06. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 1-year low of $6.80 and a 1-year high of $9.90.

Direxion Daily CSI 300 China A Share Bear 1X Shares News Summary

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

• Positive Sentiment: The higher distribution may provide modest support for CHAD and could be contributing to its recent increase. However, the payment is very small relative to the fund’s share price, so the direct market impact is likely limited.
• Neutral Sentiment: Most of the supplied reports are duplicate syndications of the same dividend announcement. A few entries cite earlier record and payment dates, suggesting possible data-feed inconsistencies; investors should verify the final schedule with the fund or exchange.
• Neutral Sentiment: Because CHAD is an inverse ETF designed to benefit from declines in the CSI 300 China A Share Index, its larger price moves are generally driven by Chinese equity-market performance rather than by this small dividend.

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.