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 24th. 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 is Friday, October 30th.

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

NYSEARCA:CHAD traded up $0.19 during mid-day trading on Friday, reaching $9.05. The stock had a trading volume of 1,778 shares, compared to its average volume of 39,414. Direxion Daily CSI 300 China A Share Bear 1X Shares has a twelve month low of $6.80 and a twelve month high of $9.15. The business has a 50 day simple moving average of $16.56 and a 200 day simple moving average of $18.39.

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:

• Positive Sentiment: Because CHAD is designed to provide inverse exposure to the CSI 300, weakness in Chinese A-shares would generally support the fund’s value. However, the supplied articles contain no new market or economic developments indicating such a move.
• Neutral Sentiment: The dividend is extremely small relative to the fund’s share price and is unlikely to be a meaningful driver of trading activity. The numerous reports appear to be duplicate versions of the same distribution announcements rather than separate corporate events.
• Negative Sentiment: On each ex-dividend date, CHAD’s share price is typically adjusted downward by approximately the distribution amount, all else being equal. In addition, any gains in the CSI 300 would generally pressure this inverse ETF, though no such market movement was reported in the supplied articles.

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.