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 Wednesday, October 21st. Investors of record on Friday, November 27th will be paid a dividend of $0.0061 per share on Monday, November 30th. The ex-dividend date is Friday, November 27th. This is a 92.3% decrease from Direxion Daily CSI 300 China A Share Bear 1X Shares’s previous dividend of $0.0794.

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

Shares of CHAD traded down $0.04 on Thursday, hitting $9.80. 37,261 shares of the stock traded hands, compared to its average volume of 37,458. The business has a 50 day simple moving average of $12.58 and a 200 day simple moving average of $16.99. Direxion Daily CSI 300 China A Share Bear 1X Shares has a one year low of $6.80 and a one year high of $9.90.

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

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

• Positive Sentiment: CHAD declared a distribution of $0.0061 per share. Investors who own shares by the applicable record date will receive the payment in early or late November, depending on the distribution schedule reported.
• Neutral Sentiment: The news stream repeats the same dividend announcement many times and contains conflicting dates, including record dates of November 3, November 20, November 25, and November 27. Investors should verify the official fund notice before relying on any particular payment date.
• Negative Sentiment: Several reports characterize the $0.0061 distribution as a 92.3% decline from the prior $0.0794 payment, although other entries compare it with $0.0052 and describe it as a 19% increase. This inconsistency reduces the dividend’s usefulness as a trading signal; in any case, the distribution is small and unlikely to materially support CHAD’s price.

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.