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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Monday, September 21st. Stockholders of record on Friday, October 30th will be given 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 NYSEARCA:CHAD traded up $0.10 during trading on Tuesday, reaching $8.90. 65,198 shares of the company’s stock traded hands, compared to its average volume of 43,419. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 12 month low of $6.80 and a 12 month high of $9.15. The company has a 50 day moving average of $17.19 and a 200-day moving average of $18.62.

Key Stories Impacting 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:

• Positive Sentiment: CHAD announced a distribution of $0.0052 per share, payable November 2 to shareholders of record October 30. The ex-dividend date is October 30. The payment is modest and is unlikely to be a significant driver of the fund’s market value. CHAD Announces $0.01 Dividend
• Neutral Sentiment: Multiple entries repeat the same dividend announcement, indicating broad syndication rather than separate corporate developments. An earlier report referenced a similar $0.0052 distribution with an October 22 record date and October 23 payment date, but the more recent entries consistently cite the October 30 record date and November 2 payment date. CHAD Declares Dividend
• Negative Sentiment: The distribution is too small to materially improve CHAD’s income profile, and the announcements do not explain the fund’s move higher. CHAD remains a tactical inverse ETF whose performance depends primarily on declines in the CSI 300 China A Share Index, making China-equity market direction and policy sentiment the more important factors for investors. CHAD Declares $0.01 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.