IB "Net Short Stock Interest"

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ET180

I looked at my YTD statement and under the "Interest" category, I noticed that every month I have an entry called "USD Net Short Stock Interest for <insert month here>". Sometimes it's a credit, but usually it's a debit. The amount is never really very much in either direction, but why would it ever be a credit? Isn't there always a borrowing cost associated with shorting stocks? I'm always short some stocks, often hedged with options.
 
ET180 said:
I looked at my YTD statement and under the "Interest" category, I noticed that every month I have an entry called "USD Net Short Stock Interest for <insert month here>". Sometimes it's a credit, but usually it's a debit. The amount is never really very much in either direction, but why would it ever be a credit? Isn't there always a borrowing cost associated with shorting stocks? I'm always short some stocks, often hedged with options.
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Does this help? *shrugs*

https://www.investopedia.com/articles/01/082201.asp
 
It is the sum of short stock cost and the income from SYEP. Probably you participate in the last (otherwise indeed the number will always be a "debit" (as you call it)).
 
qwerty11 said:
It is the sum of short stock cost and the income from SYEP. Probably you participate in the last (otherwise indeed the number will always be a "debit" (as you call it)).
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I expected the amount to be negative. I do participate in the SYEP so that must be where the credit is coming from. So thanks, that makes sense.
 
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