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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced a dividend on Thursday, October 15th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.0061 per share on Monday, November 30th. The ex-dividend date of this dividend is Friday, November 27th. This is a 19.0% increase from Direxion Daily CSI 300 China A Share Bear 1X Shares’s previous dividend of $0.0052.

Direxion Daily CSI 300 China A Share Bear 1X Shares Trading Down 3.4%

NYSEARCA:CHAD traded down $0.33 during midday trading on Friday, reaching $9.34. 62,272 shares of the company traded hands, compared to its average volume of 37,813. The company has a fifty day moving average price of $13.35 and a 200 day moving average price of $17.28. 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.

Direxion Daily CSI 300 China A Share Bear 1X Shares News Roundup

Here are the key news stories impacting Direxion Daily CSI 300 China A Share Bear 1X Shares this week:

• Positive Sentiment: CHAD declared a dividend of $0.0061 per share, payable November 30 to shareholders of record November 27. The distribution is 19% higher than the previous $0.0052 dividend, which may provide a modest income-related positive for investors.
• Neutral Sentiment: The November 27 ex-dividend date means the fund’s price may adjust mechanically around that date by approximately the distribution amount. Because CHAD is an inverse ETF, its overall performance remains primarily dependent on daily moves in the CSI 300 China A Share Index, not its small dividend.
• Neutral Sentiment: Earlier announcements confirmed a separate $0.0052-per-share dividend payable October 23 to shareholders of record October 22. The repeated reports appear to describe the same distributions rather than additional new payments.

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.