Big institutions have a custodian of their holdings, often known as a “Prime broker”. These are the people that lend out shares (with blanket permission from the underlying owner). This lowers the cost of holding positions for the fund managers. Given that they benchmark themselves against an index, if they didn’t lend their shares, they would underperform someone who did. Perverse I know, but that is how it works.
Big institutions have a custodian of their holdings, often known...
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Last
$1.10 |
Change
-0.025(2.23%) |
Mkt cap ! $1.250B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.16 | $1.04 | $14.57M | 13.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 21024 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 241 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |