IB interest charge on short position?

Discussion in 'Retail Brokers' started by bpl1000, Mar 8, 2007.

  1. bpl1000

    bpl1000

    A question, since the I haven't gotten a response from IB, maybe someone here can tell me what is:

    USD NET SHRT STK INT FOR FEB-2007

    under "interest paid"

    Did I get charged interest on my short stock position?? That's what it looks like to me, but think I must be wrong.
     
  2. No, you get paid interest on your short position - but only if you have more than $100k proceeds from short sales.

    You may get charged borrowing fees for hard-to-borrow stocks. This is something IB doesn't talk about much and doesn't break out as a separate line item, it's just an invisible slow bleed for short sellers.

    Martin
     
  3. bpl1000

    bpl1000

    Thanks. IB finally got back to me. Apparently, the charge is a "borrow fee".