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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced a dividend on Tuesday, October 20th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.0061 per share on Monday, November 30th. The ex-dividend date is Friday, November 27th.

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

Shares of NYSEARCA:CHAD traded up $0.20 during mid-day trading on Wednesday, hitting $9.82. 28,618 shares of the company traded hands, compared to its average volume of 37,276. The firm’s 50 day simple moving average is $12.96 and its 200 day simple moving average is $17.13. 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.

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 distribution of $0.0061 per share, representing a 19% increase from the prior $0.0052 payment. Investors of record are generally listed as receiving the distribution on November 30, with November 27 shown as the ex-dividend date.
• Neutral Sentiment: The numerous reports appear to be repeated versions of the same dividend announcement rather than separate developments. Some entries list earlier record, ex-dividend, and payment dates in November, so investors should verify the official fund notice for the applicable schedule.
• Negative Sentiment: The distribution is very small relative to CHAD’s share value and should have limited lasting impact on valuation. As with other ETFs, the share price may adjust downward by approximately the distribution amount on the ex-dividend date, all else equal.

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.