Direxion Daily CSI 300 China A Share Bear 1X Shares (CHAD) to Distribute Dividend of $0.01 on November 30th

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced a dividend on Sunday, October 18th. 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 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 Up 3.6%

Shares of Direxion Daily CSI 300 China A Share Bear 1X Shares stock opened at $9.68 on Tuesday. The firm’s 50-day simple moving average is $13.16 and its 200-day simple moving average is $17.20. 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.

Trending Headlines about 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 $0.0061 per share, up 19% from $0.0052. Shareholders of record on November 27 are scheduled to receive payment on November 30. The increase could modestly improve investor sentiment toward the fund. Direxion Daily CSI 300 China A Share Bear 1X Shares Plans Dividend Increase
• Neutral Sentiment: The distribution is very small relative to CHAD’s share price, so it is unlikely to be a major driver of trading. Several nearly identical reports also described the payment as approximately $0.01, but the repeated detailed announcements specify $0.0061; investors should rely on the fund’s official distribution notice for final confirmation.
• Negative Sentiment: CHAD’s ex-dividend date is November 27. On or after that date, the fund’s share price is typically adjusted downward by roughly the distribution amount, all else equal. More importantly, because CHAD is a bearish leveraged-style daily strategy, sustained gains in Chinese large-cap stocks and the CSI 300 would pressure its value.

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.