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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced a dividend on Monday, October 19th. Investors 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. 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 Performance

Shares of CHAD stock traded up $0.04 on Tuesday, hitting $9.72. 14,374 shares of the stock traded hands, compared to its average volume of 37,159. 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 company’s fifty day moving average is $13.16 and its 200 day moving average is $17.20.

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: Direxion announced a dividend of $0.0061 per share, up 19% from the previous $0.0052 distribution. Investors of record on November 27 will be paid on November 30. The higher payout may improve near-term investor sentiment. Direxion Daily CSI 300 China A Share Bear 1X Shares Plans Dividend Increase
• Neutral Sentiment: Several reports describe the dividend as approximately $0.01 per share, but the repeated distribution details identify the declared amount as $0.0061. Investors should verify the final amount and relevant dates in the fund’s official filing. Direxion Daily CSI 300 China A Share Bear 1X Shares Increases Dividend
• Negative Sentiment: The dividend increase is unlikely to be a major valuation catalyst because the distribution remains very small. In addition, CHAD’s performance is primarily driven by daily movements in Chinese large-cap stocks, not dividend income.

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.