Stock lending yield.
$Canoo (GOEV.US)$ I noticed that my Canoo stocks holdings had been getting "stocks lending yield" amount credited to my Tiger account. I probed further and realised that the stocks have been borrowed by people to short!!. Any knows if this is also happening in Moomoo? I will place a sell order every day at a high price, like $1 to block the stocks from being borrowed.
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73924785 : I'm using another platform and they do lend my shares and I get money for it.
Make it Big OP : isn't this detrimental to the stock price.
飞腾的小龙女 : that is because you opt in for the Tiger Broker SYEP . you can opt out if u don't wish to le d out to earn the interest.
https://www.tigerbrokers.com.sg/help/detail/49916721#:~:text=Stock%20Yield%20Enhancement%20Program%20(SYEP,lending%20interest%20to%20the%20client
Make it Big OP 飞腾的小龙女 : yes, I've called their helpdesk, and they have guided me to opt out of SYEP. Thank you!