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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Tuesday, September 22nd. Shareholders of record on Friday, October 30th will be given a dividend of 0.0052 per share on Monday, November 2nd. The ex-dividend date of this dividend is Friday, October 30th.

Direxion Daily CSI 300 China A Share Bear 1X Shares Stock Up 0.3%

Shares of CHAD traded up $0.03 during trading hours on Wednesday, hitting $8.84. The company had a trading volume of 17,596 shares, compared to its average volume of 42,863. 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. The stock’s 50 day moving average price is $16.98 and its 200 day moving average price is $18.54.

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:

• Neutral Sentiment: CHAD declared a $0.0052-per-share distribution. Recent notices list several upcoming record and payment dates, including October 1–2, October 5–6, October 22–23, and October 30–November 2. Because the distribution is very small relative to the fund’s share price, it is unlikely to be a significant driver of investor demand or valuation.
• Neutral Sentiment: CHAD is an inverse ETF designed to provide daily bearish exposure to China’s CSI 300 Index. Its performance is therefore primarily influenced by daily moves in Chinese A-shares, rather than by the fund’s dividend distributions. Investors should also note that repeated entries in the news feed appear to describe the same dividend announcements, not separate positive developments.

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.