Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) Declares Dividend of $0.01

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced 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 Stock Performance

Shares of NYSEARCA:CHAD traded up $0.22 during trading on Wednesday, reaching $9.84. The stock had a trading volume of 28,667 shares, compared to its average volume of 37,447. The business has a fifty day moving average price of $12.77 and a 200-day moving average price of $17.06. Direxion Daily CSI 300 China A Share Bear 1X Shares has a fifty-two week low of $6.80 and a fifty-two week high of $9.90.

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

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.