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

by · The Cerbat Gem

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD – Get Free Report) announced a dividend on Thursday, October 22nd. Investors 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.

Direxion Daily CSI 300 China A Share Bear 1X Shares Trading Up 1.0%

NYSEARCA:CHAD traded up $0.10 during midday trading on Friday, reaching $9.90. 32,979 shares of the company traded hands, compared to its average volume of 37,323. The company has a fifty day moving average price of $12.58 and a 200 day moving average price of $16.99. Direxion Daily CSI 300 China A Share Bear 1X Shares has a twelve month low of $6.80 and a twelve month high of $9.90.

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 declared a distribution of $0.0061 per share. Reported record and ex-dividend dates vary across the duplicate notices, including November 3, November 4, November 25, November 27, and November 30, so investors should verify the applicable date with Direxion or their broker.
  • Negative Sentiment: Several reports compare the $0.0061 distribution with a prior $0.0794 payment, describing a roughly 92.3% decrease. That sharp reduction may weigh on income-oriented sentiment, although distributions from an inverse ETF can fluctuate substantially and do not represent operating earnings.
  • Neutral Sentiment: Other notices compare the distribution with a prior $0.0052 payment and describe a 19% increase, suggesting the news feed may be combining multiple distribution records or contains inconsistent dates. This conflicting information limits the dividend’s usefulness as a trading signal.

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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