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

by · The Cerbat Gem

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD – Get Free Report) declared a dividend on Wednesday, September 23rd. 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 is Friday, October 30th.

Direxion Daily CSI 300 China A Share Bear 1X Shares Stock Down 0.4%

Shares of NYSEARCA CHAD traded down $0.04 during trading on Thursday, hitting $8.86. The company had a trading volume of 30,323 shares, compared to its average volume of 42,552. The stock has a fifty day simple moving average of $16.56 and a two-hundred day simple moving average of $18.39. 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.

Key Headlines 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:

  • Neutral Sentiment: CHAD announced a distribution of $0.0052 per share. The reports cite upcoming record and ex-dividend dates in early October, October 29–30, and a payment date of November 2, indicating what may be a series of periodic fund distributions rather than a material change in the ETF’s outlook.
  • Neutral Sentiment: The dividend is very small relative to CHAD’s share price and is unlikely to materially support the stock. Investors should focus instead on the CSI 300: because CHAD is designed to deliver inverse daily exposure, stronger Chinese large-cap equities generally pressure the fund, while market declines tend to benefit it.

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

(Get Free Report)

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.

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