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) announced a dividend on Friday, September 18th. 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 of this dividend is Friday, October 30th.

Direxion Daily CSI 300 China A Share Bear 1X Shares Stock Performance

NYSEARCA CHAD traded down $0.54 during mid-day trading on Friday, hitting $8.35. The stock had a trading volume of 84,734 shares, compared to its average volume of 43,692. The company has a 50 day simple moving average of $17.41 and a 200 day simple moving average of $18.70. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 52-week low of $6.80 and a 52-week high of $9.09.

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:

• Positive Sentiment: CHAD declared a cash distribution, providing a small income payment to eligible shareholders. Most recent notices list a dividend of $0.0052 per share, payable November 2 to investors of record October 30; the ex-dividend date is October 30.
• Neutral Sentiment: Some reports instead cite a $0.0794 per-share distribution payable November 2, while one notice lists $0.0794 payable October 1 to shareholders of record September 30. The conflicting figures may reflect separate fund distributions, amended data, or reporting errors, so investors should verify the official distribution schedule with Direxion or the fund’s exchange filings.
• Negative Sentiment: The reported distributions are modest relative to CHAD’s market value and are unlikely to be a major catalyst for the fund. As a daily inverse ETF designed to benefit when the CSI 300 China A Share Index declines, CHAD’s performance is primarily driven by daily movements in Chinese A-share equities, not dividend income. The shares have decreased recently and remain below their longer-term moving averages.

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.