Direxion Daily CSI 300 China A Share Bear 1X Shares (CHAD) to Distribute Dividend of $0.01 on November 30th

by · The Cerbat Gem

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD – Get Free Report) announced a dividend on Monday, October 19th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.0061 per share on Monday, November 30th. The ex-dividend date of this dividend 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 Down 0.6%

NYSEARCA:CHAD opened at $9.62 on Wednesday. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 1 year low of $6.80 and a 1 year high of $9.90. The business has a 50 day simple moving average of $12.96 and a 200-day simple moving average of $17.13.

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:

  • Positive Sentiment: CHAD declared a distribution of $0.0061 per share, up 19% from the prior $0.0052 distribution. Shareholders of record on November 27 are scheduled to receive payment on November 30, with November 27 listed as the ex-dividend date. The increase may provide a modest sentiment boost, although the payout is too small to materially affect the fund’s valuation. Direxion Daily CSI 300 China A Share Bear 1X Shares Plans Dividend Increase
  • Neutral Sentiment: The many entries largely repeat the same dividend announcement. Some older syndicated headlines refer to a $0.01 distribution or different ex-dividend dates, but the most consistently reported details are the $0.0061 payment and November 27 ex-dividend date. Investors should verify the final distribution schedule with Direxion or their broker.
  • Negative Sentiment: Dividend distributions typically reduce an ETF’s net asset value by approximately the amount paid on the ex-dividend date, so the announcement is not inherently bullish for the share price. CHAD also remains below its 50-day and 200-day moving averages, indicating that its recent weakness has been substantial; further gains in Chinese equities could continue to pressure this inverse fund.

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.

Recommended Stories