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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Thursday, October 22nd. Shareholders of record on Friday, November 27th will be given a dividend of $0.0061 per share on Monday, November 30th. The ex-dividend date of this dividend is Friday, November 27th.

Direxion Daily CSI 300 China A Share Bear 1X Shares Trading Up 1.0%

Shares of CHAD traded up $0.10 during midday trading on Friday, hitting $9.90. 7,325 shares of the company traded hands, compared to its average volume of 36,505. The stock has a 50-day moving average of $12.58 and a 200-day moving average of $16.99. Direxion Daily CSI 300 China A Share Bear 1X Shares has a one year low of $6.80 and a one year 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 cash distribution of $0.0061 per share. Investors who hold shares through the applicable record date are scheduled to receive the payment in early or late November, depending on which notice is accurate. The distribution provides a small near-term income benefit, although it is not material relative to the fund’s share price.
• Neutral Sentiment: The reports conflict on the relevant record, ex-dividend, and payment dates, listing dates in both early and late November. They also compare the new distribution with different prior payments—either $0.0052 or $0.0794—resulting in claims ranging from a 19% increase to a 92.3% decrease. Investors should verify the official schedule with Direxion or the exchange before trading around the ex-dividend date.
• Neutral Sentiment: The distribution itself should have limited effect on CHAD’s value because ETF shares typically adjust around the ex-dividend date. As a daily inverse fund tied to the CSI 300 China A Share Index, CHAD’s more important driver remains the underlying Chinese equity market: weakness in the CSI 300 generally supports CHAD, while gains in the index pressure it.
• Negative Sentiment: The reported $0.0061 payment is very small, and if the comparison with the previous $0.0794 distribution is correct, the sharp reduction could disappoint income-focused holders. CHAD also remains well below its 50-day and 200-day moving averages, highlighting substantial longer-term volatility and downside risk despite its recent increase.

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.