An insto (even a retail punter like me using interactive brokers) can instruct their custodian to withhold shares from the lending pool....that's a very easy exercise. However participation in a SBL programme (Stock Borrow/Loan provides incremental revenue to both banks/custodians and those who agree to participate. When they are seeking to outperform a benchmark by a 200-300bps per annum, it absolutely can add up.
Just stating facts, please don't shoot the messenger. I would be surprised if every industry fund did not make their shares available for SBL...I know most of the index managers (BLK, SSgA, VG, Mellon) do just that.
I don't like it much either, but that's the pool in which we swim.
An insto (even a retail punter like me using interactive...
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Last
19.5¢ |
Change
0.010(5.41%) |
Mkt cap ! $450.5M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 19.0¢ | $2.778M | 14.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29980 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 947702 | 19 |
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| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
19.8¢ |
Change
0.010 ( 6.07 %) |
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| Open | High | Low | Volume | ||
| 20.0¢ | 20.5¢ | 19.0¢ | 6175963 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| ARU (ASX) Chart |