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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced a dividend on Friday, September 25th. Stockholders 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 Stock Down 0.7%

CHAD stock opened at $8.80 on Friday. The stock’s 50 day simple moving average is $16.35 and its 200 day simple moving average is $18.33. 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 $9.15.

More 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: CHAD has announced several upcoming cash distributions, including payments scheduled for October 5, October 6, October 7, October 8, October 9 and November 2. Investors must own shares by the applicable record date to receive each distribution.
• Neutral Sentiment: The numerous entries appear to be duplicate or syndicated versions of the same dividend notices rather than separate new developments. Reported ex-dividend dates include October 2, October 5, October 6, October 7, October 8, October 29 and October 30.
• Neutral Sentiment: Because CHAD is an inverse ETF designed to seek daily inverse exposure to the CSI 300 China A Share Index, its price is driven primarily by daily movements in Chinese A-shares, not by the modest dividend payments.
• Negative Sentiment: The $0.0052 distributions offer minimal income relative to the fund’s share value and do not provide a meaningful offset if Chinese equities rise. The dividend news therefore offers little evidence of a bullish catalyst for CHAD.

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.