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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced a dividend on Sunday, September 20th. Stockholders of record on Friday, October 30th will be given a dividend of 0.0052 per share on Monday, November 2nd. The ex-dividend date is Friday, October 30th.

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

Shares of NYSEARCA:CHAD traded up $0.37 during trading on Monday, reaching $8.72. The stock had a trading volume of 23,769 shares, compared to its average volume of 41,483. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 52 week low of $6.80 and a 52 week high of $9.09. The business’s 50-day moving average price is $17.41 and its 200 day moving average price is $18.69.

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:

• Neutral Sentiment: The dividend is very small relative to CHAD’s share price and is unlikely to be a meaningful driver of investor demand or the fund’s recent increase. As a bearish China ETF, CHAD generally benefits when Chinese large-cap stocks decline; the provided articles contain no new information on China’s equity market to explain the move.
• Neutral Sentiment: Multiple reports repeat the same dividend announcement. Some headlines round the payment to $0.01, while older entries cite different distribution amounts and ex-dividend dates, indicating possible data inconsistencies rather than separate new corporate actions. Direxion Daily CSI 300 China A Share Bear 1X Shares Announces $0.01 Dividend

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.