Out of interest, I started to look into the Deutsche Bank shorting. I wanted to see how much money DB made shorting iSignthis between 18th July 16 and 11th November 16, a total of 116 days.
A little way into the exercise, I realised that I wouldn't be able to acheive the result I wanted as DB sold down approximately 700K extra shares of their holding. The result I was after wouldn't be possible with the information available.
Anyway, instead of just letting this data and the resource links go to waste, I thought I'd post the information for others to glean that are interested.
Based on the figures supplied, here's the numbers from the reports that are interesing:-
Cumulative buy / sell total over period of 2,677 cents, divided by 136 trades = Average sp of 19.68 cps.
73 Sells - 1,985,269
63 Buys - 1,304,706
Stock Loan Types:-
Stock loan fee = 2.5% p/a - 9,328,121 shares borrowed x 0.1968 average share price = $1,835,774.21 borrowed stock value x 2.5% = $45,894.35 p/a fee, divided by 365 days = $125.73 per day fee. 116 days x $125.73 = $14,584.68 Stock Loan Fee
OR
"Prime Broker that has exercised its rehypothecation right in respect of shares pursuant to a Prime Brokerage Agreement"
Definition:- Zero monetary payment for use of the borrowed stock. In return, the clients that let the broker borrow the stock receive discounted brokerage and loan rates.
