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

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) declared a dividend on Thursday, September 24th. Shareholders of record on Tuesday, October 6th will be paid a dividend of 0.0052 per share on Wednesday, October 7th. The ex-dividend date of this dividend is Tuesday, October 6th.

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

CHAD stock traded down $0.34 during trading on Thursday, reaching $8.56. 4,488 shares of the company were exchanged, compared to its average volume of 40,235. 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 company has a 50-day moving average of $16.77 and a two-hundred day moving average of $18.47.

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: CHAD declared a dividend of $0.0052 per share. Investors who own shares on the October 30 record date are scheduled to receive payment on November 2; the ex-dividend date is October 30. The distribution offers a small cash return, although its value is minimal relative to the fund’s share price.
• Neutral Sentiment: Several additional notices cite the same $0.0052 distribution with earlier record and payment dates, including October 2/5, October 5/6, October 6/7, and October 29/30. These appear to be duplicate or overlapping distribution announcements rather than separate material developments.
• Neutral Sentiment: Because CHAD is designed to provide inverse exposure to the CSI 300 China A Share Index, its daily direction is driven primarily by moves in Chinese large-cap equities, not by the modest dividend. No new information about Chinese markets, fund strategy, or leverage was included in the reports.

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.