SDS never available to borrow on Anvil

aeliodon · Sep 19, 2007

Does anyone else trade this etf? I prefer it to SPY. It trades like 5-10 million a day and I can't even get a locate. If I do its like .005 charge. I usually try to locate aroung 9:15-9:30 - does the time you place a locate affect the chances of getting a locate?

mschey · Sep 19, 2007

I would think early bird gets the worm, try getting it an hour earlier and see if you get better results.

Don Bright · Sep 19, 2007

Just checked, we don't seem to have any trouble borrowing the SDS fund?? Kind of a wide spread, however.

Don

trom · Sep 19, 2007

I can get them for a penny...

aeliodon · Sep 19, 2007

13 million shares traded today - there's absolutely no excuse for unavailability.

Longhorns · Sep 19, 2007

Quote from aeliodon:

13 million shares traded today - there's absolutely no excuse for unavailability.

What are you talking about? I just got 5000 no problem (penny per share).

Don Bright · Sep 19, 2007

Quote from Longhorns:

What are you talking about? I just got 5000 no problem (penny per share).

Are you saying that you're paying an additional pernny per share to "locate" or just to actually short the stock? I heard rumors, but never had them confirmed that I recall.

Don

gimp570 · Sep 19, 2007

Quote from Longhorns:

What are you talking about? I just got 5000 no problem (penny per share).

you are paying to locate stock??

what company does this?

I did not think anyone charged to locate stocks