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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced a dividend on Wednesday, September 23rd. Shareholders of record on Friday, October 30th will be paid a dividend of $0.0052 per share on Monday, November 2nd. The ex-dividend date is Friday, October 30th.

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

Shares of Direxion Daily CSI 300 China A Share Bear 1X Shares stock traded down $0.04 on Thursday, reaching $8.86. The company had a trading volume of 30,323 shares, compared to its average volume of 42,551. The firm’s 50 day moving average price is $16.77 and its two-hundred day moving average price is $18.47. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 52-week low of $6.80 and a 52-week high of $9.15.

Trending Headlines about 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:

• Neutral Sentiment: CHAD declared a distribution of $0.0052 per share. The latest repeated schedule lists October 30 as the record and ex-dividend date, with payment scheduled for November 2. The distribution is very small relative to the fund’s share price and is unlikely to be a significant catalyst.
• Neutral Sentiment: Several earlier entries report the same $0.0052 distribution with record and payment dates in early October, including October 2–5, October 5–6, and October 6–7. These appear to reflect recurring or duplicated fund-distribution notices rather than a change in CHAD’s investment outlook.
• Negative Sentiment: CHAD has decreased substantially below its 50-day and 200-day moving averages. Because the fund seeks inverse exposure to the CSI 300 China A-share index, continued gains in Chinese equities would generally pressure CHAD lower.

About Direxion Daily CSI 300 China A Share Bear 1X Shares

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.