Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD – Get Free Report) announced a dividend on Sunday, September 20th. 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 of this dividend is Friday, October 30th.
Direxion Daily CSI 300 China A Share Bear 1X Shares Price Performance
CHAD opened at $8.35 on Monday. The company’s 50 day simple moving average is $17.41 and its two-hundred day simple moving average is $18.69. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 1-year low of $6.80 and a 1-year high of $9.09.
More Direxion Daily CSI 300 China A Share Bear 1X Shares News
Here are the key news stories impacting Direxion Daily CSI 300 China A Share Bear 1X Shares this week:
- Neutral Sentiment: The dividend is very small relative to CHAD’s share price and is unlikely to be a meaningful catalyst. Because CHAD is an inverse ETF, its more important near-term driver remains the performance of the CSI 300 China A Share Index: weakness in Chinese A-shares generally supports CHAD, while gains in the index pressure it. The available reports provide no new China-market development explaining a larger move today.
- Neutral Sentiment: Some syndicated headlines cite different distribution amounts and an October 29 ex-dividend date, but the numerous repeated entries consistently identify the $0.0052 payment, October 30 record and ex-dividend dates, and November 2 payment date. Investors should verify the final amount with the fund sponsor.
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.
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