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

by · The Markets Daily

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD – Get Free Report) announced a dividend on Thursday, October 22nd. Shareholders of record on Friday, November 27th will be given a dividend of $0.0061 per share on Monday, November 30th. The ex-dividend date of this dividend is Friday, November 27th.

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

CHAD stock traded up $0.10 during mid-day trading on Friday, reaching $9.90. 17,762 shares of the stock traded hands, compared to its average volume of 36,862. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 52-week low of $6.80 and a 52-week high of $9.90. The stock’s fifty day moving average is $12.58 and its 200-day moving average is $16.99.

Direxion Daily CSI 300 China A Share Bear 1X Shares News Roundup

Here are the key news stories impacting Direxion Daily CSI 300 China A Share Bear 1X Shares this week:

  • Positive Sentiment: CHAD declared a cash distribution of $0.0061 per share, payable November 30 to shareholders of record November 27. The dividend provides a small income benefit to investors.
  • Neutral Sentiment: The distribution has several reported record, payment, and ex-dividend dates across the releases, including November 25/27, November 27/30, and November 2/3. Investors should confirm the applicable date with the fund sponsor or broker.
  • Negative Sentiment: Several reports describe the $0.0061 distribution as a 92.3% decrease from a prior $0.0794 payment, which could weigh on income-oriented sentiment. Other reports compare it with a much smaller $0.0052 distribution and call it a 19% increase, indicating inconsistent or potentially duplicated data.

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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