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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Monday, October 26th. 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 Trading Up 1.0%

Shares of NYSEARCA:CHAD opened at $10.00 on Tuesday. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 52 week low of $6.80 and a 52 week high of $10.00. The firm’s fifty day moving average is $12.39 and its 200-day moving average is $17.64.

Key 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: The fund announced a $0.0061-per-share dividend. While small, the distribution may provide modest support for investor interest in CHAD.
• Neutral Sentiment: Multiple notices repeat the same dividend information, with reported ex-dividend dates ranging from November 2 through November 27 and payment dates from November 3 through November 30. Investors should confirm the applicable distribution schedule with Direxion or their broker.
• Neutral Sentiment: The dividend announcements are unlikely to explain a meaningful move in the ETF because the payment is only $0.0061 per share. The fund’s direction is more closely tied to daily changes in the CSI 300 Index and broader China-market sentiment.
• Negative Sentiment: CHAD will typically experience a mechanical adjustment around its ex-dividend date, which can offset much of the dividend’s benefit in the share price. The notices also provide no evidence of a change to the fund’s inverse strategy or a durable new investment catalyst.

Direxion Daily CSI 300 China A Share Bear 1X Shares Company Profile

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.