Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD – Get Free Report) declared a dividend on Tuesday, September 15th. Investors of record on Wednesday, October 21st will be given a dividend of $0.0052 per share on Thursday, October 22nd. The ex-dividend date of this dividend is Wednesday, October 21st.
Direxion Daily CSI 300 China A Share Bear 1X Shares Price Performance
NYSEARCA:CHAD traded up $0.34 during mid-day trading on Monday, reaching $9.68. The stock had a trading volume of 44,280 shares, compared to its average volume of 38,044. 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. The business has a 50 day simple moving average of $13.35 and a 200 day simple moving average of $17.26.
More 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:
- Positive Sentiment: CHAD declared a distribution of $0.0061 per share, up 19% from the prior $0.0052 payment. Investors of record on November 27 will receive the distribution on November 30. The increase could modestly improve investor interest in the fund. Direxion Daily CSI 300 China A Share Bear 1X Shares Plans Dividend Increase
- Neutral Sentiment: Several headlines refer to the payment as approximately $0.01 per share, but the detailed announcements consistently specify $0.0061. Other syndicated reports cite October 21 or October 22 ex-dividend dates, creating conflicting calendar information; investors should verify the dates with Direxion or their brokerage. Direxion Daily CSI 300 China A Share Bear 1X Shares Dividend Report
- Negative Sentiment: The distribution is very small relative to the fund’s share price and does not represent an improvement in operating earnings or the underlying Chinese equity outlook. CHAD’s near-term direction will remain more sensitive to gains or losses in the CSI 300, with the inverse structure benefiting when that index declines and facing pressure when it rises. The share price generally adjusts for the distribution around 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.
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