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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Monday, September 21st. Investors 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 Up 0.9%

CHAD stock traded up $0.07 during midday trading on Tuesday, hitting $8.88. 22,976 shares of the stock traded hands, compared to its average volume of 39,658. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 1-year low of $6.80 and a 1-year high of $9.09. The stock’s fifty day simple moving average is $17.19 and its 200-day simple moving average is $18.62.

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 news is largely redundant, appearing dozens of times with substantially identical wording. Several entries also list different record and ex-dividend dates, including October 2 and October 22, so investors should verify the final schedule with Direxion or the fund’s official filings. Direxion Daily CSI 300 China A Share Bear 1X Shares Announces Dividend
• Neutral Sentiment: Because CHAD is an inverse fund designed to seek daily inverse exposure to the CSI 300 China A Share Index, its price is driven primarily by moves in Chinese large-cap stocks rather than by this nominal dividend. The reports therefore provide little explanation for the fund’s recent increase or decrease.

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.