TSX:SGNL - Post Discussion
Post by
GillieBan on Apr 23, 2024 4:01pm
Wealthsimple stock lending
I own SGNL shares in a wealthsimple account, have for 3-4 years now. WS allows for stock lending, with the user's consent. Other holdings of mine have been loaned out in the past but never SGNL, til now. I got a notification that 27,000 of my shares have been loaned.
not sure if this is good or bad, it could likely be shorters, but it's interesting that there was no activity on that front until now. No such thing as bad publicity?
Some of the fine print from WS about loaning:
Wealthsimple’s Stock Lending feature allows clients to participate in something commonly known as Fully Paid Lending (FPL). Stock Lending allows you to earn passive income on stocks you already own by lending your shares to other investors for a fee. These investors will use your shares to facilitate several trading activities such as covering their own failed trades, short selling, hedging or arbitrage.
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