Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD – Get Free Report) announced a dividend on Wednesday, September 30th. 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 Price Performance
CHAD opened at $8.86 on Thursday. The stock has a fifty day moving average price of $15.71 and a 200 day moving average price of $18.10. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 1 year low of $6.80 and a 1 year high of $9.15.
Key Stories Impacting 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:
- Neutral Sentiment: CHAD is scheduled to distribute approximately $0.0052 per share on multiple upcoming dates, including October 6, October 9, October 14, and November 2. Some syndicated headlines describe the payment as $0.01, but the detailed notices cite $0.0052. CHAD to Distribute Dividend
- Neutral Sentiment: The announcements establish several record and ex-dividend dates, with the nearest listed ex-dividend date on October 5. Investors must own shares before the applicable ex-dividend date to receive each distribution.
- Negative Sentiment: Because CHAD is an inverse ETF, a dividend announcement is not a fundamental earnings catalyst. The fund’s price can also undergo a small mechanical adjustment when it trades ex-dividend, which may weigh modestly on the share price, although the distribution is very small.
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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