Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD – Get Free Report) declared a dividend on Wednesday, September 23rd. Investors of record on Friday, October 30th will be paid a dividend of $0.0052 per share on Monday, November 2nd. The ex-dividend date of this dividend is Friday, October 30th.
Direxion Daily CSI 300 China A Share Bear 1X Shares Stock Down 0.4%
NYSEARCA CHAD traded down $0.04 during trading on Thursday, hitting $8.86. The stock had a trading volume of 30,323 shares, compared to its average volume of 42,552. Direxion Daily CSI 300 China A Share Bear 1X Shares has a one year low of $6.80 and a one year high of $9.15. The stock has a 50 day simple moving average of $16.56 and a 200 day simple moving average of $18.39.
Direxion Daily CSI 300 China A Share Bear 1X Shares News Summary
Here are the key news stories impacting Direxion Daily CSI 300 China A Share Bear 1X Shares this week:
- Neutral Sentiment: CHAD announced a distribution of $0.0052 per share. The reports cite upcoming record and ex-dividend dates in early October, October 29–30, and a payment date of November 2, indicating what may be a series of periodic fund distributions rather than a material change in the ETF’s outlook.
- Neutral Sentiment: The dividend is very small relative to CHAD’s share price and is unlikely to materially support the stock. Investors should focus instead on the CSI 300: because CHAD is designed to deliver inverse daily exposure, stronger Chinese large-cap equities generally pressure the fund, while market declines tend to benefit it.
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.
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