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Post by dreamboatcruise on Dec 1, 2017 18:11:20 GMT -5
I triple checked these numbers so I know it is correct. Loan rate increased from 24% to 27.5% today. Quadruple checked, since I just did as well... rate that is paid by Schwab. I have shares in three Schwab accounts, they returned shares for two of them and those have not yet been taken again. I may contact them Monday to try to convince them to grab those.
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Post by Deleted on Dec 14, 2017 15:17:48 GMT -5
Loan rate decreased from 27.5% to 24%.
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Post by boca1girl on Jan 2, 2018 11:51:08 GMT -5
Today Fidelity is paying 24.25% to lenders. The rate decreased today even though the price is up nicely. Shares have not been returned either.
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Post by kc on Jan 2, 2018 11:53:19 GMT -5
nice to make 24.25% on loaned shares.
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Post by dreamboatcruise on Jan 2, 2018 12:44:57 GMT -5
Schwab returned all my remaining loaned shares on 12/29. Only once before in the past several years have they returned all my shares.
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Post by boca1girl on Jan 2, 2018 14:29:50 GMT -5
Schwab returned all my remaining loaned shares on 12/29. Only once before in the past several years have they returned all my shares. You should move to Fidelity. Mine have not been returned.
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Post by dreamboatcruise on Jan 2, 2018 14:57:19 GMT -5
Schwab returned all my remaining loaned shares on 12/29. Only once before in the past several years have they returned all my shares. You should move to Fidelity. Mine have not been returned. As I remember, Fidelity has more stringent requirements about participating in the paid loan program, and I would not qualify. Also, there have been times over the years that people at Fidelity got shares returned and I did not. More often than not Fidelity pays more, but again, there have been times the opposite was true. Though I may look into it again if they sit too long not giving me income.
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Post by boca1girl on Jan 4, 2018 16:00:26 GMT -5
Rate paid today at Fidelity down to 24.125 but demand is sufficient to absorb the additional shares I purchased as soon as they settled.
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Loan Rate
Jan 5, 2018 8:38:30 GMT -5
via mobile
Post by Deleted on Jan 5, 2018 8:38:30 GMT -5
Loan rate decreased from 24% to 23% at Schwab.
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Post by boca1girl on Jan 14, 2018 9:46:20 GMT -5
% paid at Fidelity dropped to 23.875 on Friday, 1/12.
Interesting how the number of shares “short” keeps climbing but interest rate keeps dropping at retail brokerages.
The supply of short shares must not be coming from Fidelity or Schawb.
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Post by agedhippie on Jan 14, 2018 10:37:37 GMT -5
% paid at Fidelity dropped to 23.875 on Friday, 1/12. Interesting how the number of shares “short” keeps climbing but interest rate keeps dropping at retail brokerages. The supply of short shares must not be coming from Fidelity or Schawb. The primary source is the institutions, not the retail market. From a tracker's point of view someone is willing to pay them to borrow stock they are not allowed to sell. They lend out the stock and they never recall it unless the stock drops out of the index they are tracking. That's not Schwab and Fidelity's market.
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Post by boca1girl on Jan 14, 2018 11:30:45 GMT -5
Thanks for the explanation. So it doesn’t seem that being included in an index isn’t something that we should cheer for necessarily.
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Post by lakon on Jan 15, 2018 9:22:17 GMT -5
Indices are a double edged sword.
FWIW, E*trade recently told me that MNKD was not in demand for shorting from their loan program.
IB, Fidelity, and Schwab seem to disagree.
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Post by dreamboatcruise on Jan 15, 2018 13:56:46 GMT -5
Indices are a double edged sword. FWIW, E*trade recently told me that MNKD was not in demand for shorting from their loan program. IB, Fidelity, and Schwab seem to disagree. Schwab has returned all of my shares for the first time in the three years I've been in the loan program, so no disagreement there.
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Post by boca1girl on Jan 15, 2018 18:56:25 GMT -5
I have shares in 3 Fidelity accounts and 100% are loaned.
The shares I bought at the end of 2017 were loaned as soon as they cleared.
I’m surprised by the difference between brokerages but I will report if any of mine get returned.
I’ve used the interest payments to buy additional shares along the way.
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