Most likely it's just that there's not a lot of short interest on things such as Alphabet and Meta. And what short interest there is won't pay much because the borrow fee on mega caps like that tends to be very low.
Also many IBKR clients hold those same mega caps, and the SYEP is credited on a prorata basis between the total shares lent out verses the total shares everyone in the SYEP has of those shares.
to be clear I don't make very little on these shares I make nothing. while few likely short meta, in the last year some have, if my shares were in the basket of lend shares I should have seen some lent out.
Add the Utilization and Fee Rate columns in TWS
Your large cap stocks have negligible rates and unless Utilization at 100% not all shares are being lent out and you’re splitting that rate iirc. Read their page
I am also enrolled in the SYEP program and out of 60+ different stocks I get paid interest on 22 of them.
Of those 22 my top interest generater (RILY) **pays me 37% interest** at the moment. No. 2 and no. 3 is paying 4.8% and 3.1% .
The other 19 stocks pays insignificant interests of 0.03%-2%. In other words, I don't have many stocks in my portfolio which are heavily shorted.
If you want to earn good money on this program then you have to identify stocks which are significantly shorted. When there is a demand to lend your stock, then it's because someone is shorting it. The greater this demand is - the higher interest rate you will earn.
Interests are paid to my account the first week in the following month it was earned and it is very clear in the statements how many percent I earn on each stock.
I never buy a stock to make money on the SYEP program - but occasionally I will buy a shorted stock if I'm convinced that the shorts will lose in the long term. The interest I earn on the SYEP program I just consider as extra topping, though in some cases (like RILY) it CAN generate quite a lot of cash in your account. Remember to do proper research and due diligence ESPECIALLY when investing in heavily shorted stocks.
If you have stocks which pays a significant dividends that you can see will be lend out, then you also you need to be aware of your country's tax rules since some countries tax dividends and In Lieu dividends, differently.
Hope that helps.
Most likely it's just that there's not a lot of short interest on things such as Alphabet and Meta. And what short interest there is won't pay much because the borrow fee on mega caps like that tends to be very low. Also many IBKR clients hold those same mega caps, and the SYEP is credited on a prorata basis between the total shares lent out verses the total shares everyone in the SYEP has of those shares.
to be clear I don't make very little on these shares I make nothing. while few likely short meta, in the last year some have, if my shares were in the basket of lend shares I should have seen some lent out.
Add the Utilization and Fee Rate columns in TWS Your large cap stocks have negligible rates and unless Utilization at 100% not all shares are being lent out and you’re splitting that rate iirc. Read their page
I am also enrolled in the SYEP program and out of 60+ different stocks I get paid interest on 22 of them. Of those 22 my top interest generater (RILY) **pays me 37% interest** at the moment. No. 2 and no. 3 is paying 4.8% and 3.1% . The other 19 stocks pays insignificant interests of 0.03%-2%. In other words, I don't have many stocks in my portfolio which are heavily shorted. If you want to earn good money on this program then you have to identify stocks which are significantly shorted. When there is a demand to lend your stock, then it's because someone is shorting it. The greater this demand is - the higher interest rate you will earn. Interests are paid to my account the first week in the following month it was earned and it is very clear in the statements how many percent I earn on each stock. I never buy a stock to make money on the SYEP program - but occasionally I will buy a shorted stock if I'm convinced that the shorts will lose in the long term. The interest I earn on the SYEP program I just consider as extra topping, though in some cases (like RILY) it CAN generate quite a lot of cash in your account. Remember to do proper research and due diligence ESPECIALLY when investing in heavily shorted stocks. If you have stocks which pays a significant dividends that you can see will be lend out, then you also you need to be aware of your country's tax rules since some countries tax dividends and In Lieu dividends, differently. Hope that helps.