Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) to Issue Dividend of $0.01

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Thursday, September 17th. Shareholders of record on Friday, October 30th will be given a dividend of 0.0052 per share on Monday, November 2nd. The ex-dividend date is Friday, October 30th.

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

Shares of NYSEARCA CHAD traded down $0.39 during trading hours on Friday, hitting $8.50. 74,824 shares of the stock were exchanged, compared to its average volume of 42,316. Direxion Daily CSI 300 China A Share Bear 1X Shares has a one year low of $6.80 and a one year high of $9.09. The company’s 50 day moving average is $17.63 and its 200 day moving average is $18.77.

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:

• Neutral Sentiment: Multiple reports state that CHAD declared a distribution of $0.0052 per share, payable November 2 to investors of record October 30; the ex-dividend date is October 30. The small distribution is unlikely to materially affect the fund’s valuation or investor demand.
• Neutral Sentiment: Earlier reports cite a different distribution of $0.0794 per share, including one announcement that lists a September 30 ex-dividend date and October 1 payment date. The conflicting figures and dates should be verified against Direxion’s official fund notice before investors act.

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.