Direxion Daily CSI 300 China A Share Bear 1X Shares (CHAD) to Distribute Dividend of $0.01 on November 2nd

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Tuesday, September 22nd. Shareholders 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 Trading Up 1.0%

Shares of CHAD stock opened at $8.90 on Thursday. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 12 month low of $6.80 and a 12 month high of $9.15. The business’s 50 day moving average is $16.77 and its two-hundred day moving average is $18.47.

Key Stories 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: CHAD declared a distribution of $0.0052 per share. Investors listed as shareholders of record will receive the payment on the applicable distribution date. The payout provides a small cash return to eligible holders.
• Neutral Sentiment: The reports identify an October 30 record and ex-dividend date, with payment scheduled for November 2. Other repeated records list earlier October dates, including October 2, October 5, and October 6, suggesting duplicate or inconsistent data rather than multiple clearly separate catalysts.
• Negative Sentiment: The distribution is very small relative to CHAD’s share price and is unlikely to materially affect investor valuation. As with most fund distributions, the share price or net asset value can adjust downward by approximately the distribution amount on the ex-dividend date.

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.