Re: Borrow rate on shorts keeps creeping up. Now 37.5% at Fidelity. EOM
“If you don't mind saying, how many shares do you have on deposit with them?“
I have 24,000 shares, all on loan. I receive 19.5% on the EOD price of the PPS. It’s a great way to have some income while waiting for the drama to unfold.
With Fidelity, you have to sign a form indicating that you are basically sane and are willing to collect great income by simply agreeing to lend shares. The shares cannot be held on margin (in a cash position), which at Fidelity can be done even if you have a “margin” account. I do not mess with margin, but lend shares unless I want to write covered calls on the shares.
A call to you brokerage firm might clear up the reason why your account is not being tapped for loaned shares.