Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD – Get Free Report) declared a dividend on Tuesday, October 20th. 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 Stock Performance
Shares of CHAD stock traded up $0.20 during trading hours on Wednesday, reaching $9.82. 19,391 shares of the company’s stock were exchanged, compared to its average volume of 37,083. The company’s 50 day moving average is $12.96 and its two-hundred day moving average is $17.13. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 1 year low of $6.80 and a 1 year high of $9.90.
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 approximately 19% from the prior $0.0052 distribution. The increase may provide some support for the fund’s units, though the payout is small relative to the share price. Direxion Daily CSI 300 China A Share Bear 1X Shares Plans Dividend Increase
- Neutral Sentiment: The most frequently repeated announcement lists November 27 as the record and ex-dividend date, with payment scheduled for November 30. Some syndicated entries cite earlier November record, ex-dividend, and payment dates, so investors should verify the final timetable with the fund sponsor or exchange.
- Neutral Sentiment: Because CHAD is a single-day inverse ETF, the dividend increase does not represent improving operating fundamentals. Its performance remains closely tied to whether China’s CSI 300 index declines or rises, with daily compounding creating additional longer-term risks.
- Negative Sentiment: The fund’s ex-dividend adjustment will normally reduce its net asset value by approximately the distribution amount, limiting the dividend’s direct effect on total returns.
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.
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