Direxion Daily CSI 300 China A Share Bear 1X Shares (CHAD) To Go Ex-Dividend on October 30th

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced a dividend on Thursday, September 17th. Shareholders of record on Friday, October 30th will be paid 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 Stock Down 6.1%

NYSEARCA:CHAD opened at $8.35 on Friday. The business has a 50 day simple moving average of $17.41 and a 200-day simple moving average of $18.70. 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.

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 cash distribution, providing a small income payment to eligible shareholders. Most recent notices list a dividend of $0.0052 per share, payable November 2 to investors of record October 30; the ex-dividend date is October 30.
• Neutral Sentiment: Some reports instead cite a $0.0794 per-share distribution payable November 2, while one notice lists $0.0794 payable October 1 to shareholders of record September 30. The conflicting figures may reflect separate fund distributions, amended data, or reporting errors, so investors should verify the official distribution schedule with Direxion or the fund’s exchange filings.
• Negative Sentiment: The reported distributions are modest relative to CHAD’s market value and are unlikely to be a major catalyst for the fund. As a daily inverse ETF designed to benefit when the CSI 300 China A Share Index declines, CHAD’s performance is primarily driven by daily movements in Chinese A-share equities, not dividend income. The shares have decreased recently and remain below their longer-term moving averages.

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.