Direxion Daily CSI 300 China A Share Bear 1X Shares (CHAD) to Distribute Dividend of $0.01 on October 22nd

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Tuesday, September 15th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.0052 per share on Thursday, October 22nd. The ex-dividend date of this dividend is Wednesday, October 21st.

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

Shares of NYSEARCA:CHAD opened at $9.63 on Monday. The business has a fifty day moving average price of $13.35 and a two-hundred day moving average price of $17.26. 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.

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

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

• Positive Sentiment: CHAD announced a dividend of $0.0061 per share, representing a 19% increase from the previous $0.0052 distribution. The increase may provide a modest positive sentiment signal for income-focused holders, although the payment is very small relative to the fund’s share price. CHAD to Issue Dividend of $0.01 on November 30th
• Neutral Sentiment: Investors must own shares by the November 27 record date, which is also the ex-dividend date, to receive the distribution. Payment is scheduled for November 30. Several headlines round the dividend to $0.01, but the detailed announcements specify $0.0061. CHAD To Go Ex-Dividend on November 27th
• Negative Sentiment: CHAD’s share price typically adjusts downward by approximately the dividend amount on the ex-dividend date, all else equal. Because the distribution is only $0.0061 per share, it is unlikely to be a major driver of trading compared with movements in the CSI 300 China A Share Index, which the fund seeks to track inversely.

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

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.