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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced a dividend on Sunday, October 18th. Stockholders of record on Friday, November 27th will be given 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 Price Performance

Shares of CHAD stock traded up $0.36 on Monday, hitting $9.70. The stock had a trading volume of 38,707 shares, compared to its average volume of 37,792. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 1 year low of $6.80 and a 1 year high of $9.90. The company’s 50 day moving average price is $13.35 and its 200-day moving average price is $17.26.

Key Headlines 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: Direxion declared a distribution of $0.0061 per share, payable November 30 to holders of record November 27. The payment is 19% above the previous $0.0052 distribution, providing a modest income-related benefit. Direxion Daily CSI 300 China A Share Bear 1X Shares Announces Dividend Increase
• Neutral Sentiment: Most reports repeat the same dividend declaration and dates. Several article headlines refer to a $0.01 dividend, while the detailed distribution information states $0.0061; investors should rely on the fund’s official distribution notice for confirmation. Direxion Daily CSI 300 China A Share Bear 1X Shares Raises Dividend
• Neutral Sentiment: The distribution is very small relative to CHAD’s market value and is unlikely to be a major catalyst. The November 27 ex-dividend date also means the fund’s value will normally adjust by approximately the distribution amount on that date.

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.