How do I lend out shares on fidelity? I meet all the requirements

ETA: website says
“Once enrolled, there are no extra steps. All eligible securities in your account, now or in the future, will be considered for borrowing based on demand in the lending market.”

This post was edited on 5/13/24 at 2:42 pm

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Posted by ColoradoAg03

Denver, CO

Member since Oct 2012

6228 posts

Posted on 5/13/24 at 4:28 pm to BootUpCustoms

Ya you just have to enroll and then it's up to Fidelity at that point. I've been enrolled in Schwab, but none of my shares have been lent out for several months now. They were for a while before the recent dry spell.

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Posted by Fe_Mike

Member since Jul 2015

3171 posts

Posted on 5/13/24 at 10:34 pm to BootUpCustoms

Yeh I’m not sure how they “prioritize” what/whose shares get leant out.

Mine all got returned on the 7th and are starting to go back out now but still only about a third are out. Rate is down around 7% too. Still not bad, but I’d like 20% again at $5/share.

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Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

31355 posts

Posted on 5/16/24 at 10:38 am to BootUpCustoms

quote:

How do I lend out shares on fidelity? I meet all the requirements

ETA: website says
“Once enrolled, there are no extra steps. All eligible securities in your account, now or in the future, will be considered for borrowing based on demand in the lending market.”

Once you're enrolled it happens automatically and you just make money. I've made a few grand a year over the past couple and currently have 7 of my holdings being lent out...which I guess is a great way to make a bit of money off those bags I'm holding...SOXX, IUS, WKHS (

), LCID, TLRY, SOFI, and SLI.