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) declared a dividend on Wednesday, October 21st. Stockholders 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 Trading Down 0.4%

Shares of CHAD stock traded down $0.04 on Thursday, hitting $9.80. 11,182 shares of the stock traded hands, compared to its average volume of 36,611. The firm’s 50-day moving average price is $12.77 and its two-hundred day moving average price is $17.06. 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.

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

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

• Positive Sentiment: Direxion announced a distribution of $0.0061 per share, representing a 19% increase from the previous $0.0052 distribution. Investors of record on November 27 are scheduled to receive payment on November 30, with the ex-dividend date also listed as November 27. The higher distribution may provide modest income support, although its small size is unlikely to materially influence the fund’s price.
• Neutral Sentiment: The numerous dividend entries appear to be duplicate reports of the same announcement, rather than separate developments. Some entries show alternative record, payment, and ex-dividend dates in November, so investors should verify the final schedule with Direxion or their brokerage.
• Neutral Sentiment: A GlobeNewswire article reports that DeFi Development Corp.’s Variable Rate Series C Perpetual Preferred Stock, also trading under the ticker CHAD, is now available on Robinhood. This is a different security from the Direxion China A-share bear ETF and should not be treated as news affecting Direxion Daily CSI 300 China A Share Bear 1X Shares. DeFi Development Corp. Announces CHAD Now Available on Robinhood
• Negative Sentiment: Because CHAD is designed to deliver inverse exposure to the CSI 300 China A-share index, strength in Chinese equities generally pressures the fund lower. The fund is trading well below its longer-term moving averages, indicating that recent market conditions have been unfavorable for the bearish strategy.

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.