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

by · The Markets Daily

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD – Get Free Report) declared a dividend on Wednesday, October 21st. Investors of record on Friday, November 27th will be given a dividend of $0.0061 per share on Monday, November 30th. The ex-dividend date is Friday, November 27th. This is a 19.0% increase from Direxion Daily CSI 300 China A Share Bear 1X Shares’s previous dividend of $0.0052.

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

NYSEARCA:CHAD traded up $0.00 during mid-day trading on Thursday, hitting $9.84. 26,622 shares of the company traded hands, compared to its average volume of 37,064. The stock’s fifty day moving average price is $12.77 and its 200-day moving average price is $17.06. Direxion Daily CSI 300 China A Share Bear 1X Shares has a one year low of $6.80 and a one year high of $9.90.

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: Direxion announced a distribution of $0.0061 per share, up 19% from the prior $0.0052 payment. The currently repeated schedule lists November 27 as the record and ex-dividend date, with payment on November 30. The increase is modest and is unlikely to be a significant stock-price driver.
  • Neutral Sentiment: The large number of dividend notices appears to be duplicate syndications of the same announcement rather than multiple new distributions. One listing shows an alternate November 3 record date and November 4 payment date, suggesting a possible data inconsistency that investors should verify with Direxion’s official fund materials.
  • Neutral Sentiment: A separate article says a different security—DeFi Development Corp.’s Variable Rate Series C Perpetual Preferred Stock, also using the ticker CHAD—is now available on Robinhood. That announcement does not apply to Direxion’s NYSE Arca ETF and should not be treated as a catalyst for this fund. DeFi Development Corp. Announces CHAD Now Available on Robinhood
  • Negative Sentiment: With the fund trading near its 12-month high while remaining below its 50-day and 200-day moving averages, recent performance is highly sensitive to reversals in Chinese equities. Continued gains in the CSI 300 would typically push this inverse ETF lower.

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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