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What is the Stock Lending Income Program?

The Stock Lending Income Program provides you with the opportunity to earn extra income on fully-paid stocks held in your account by allowing Webull to borrow certain stocks. While your shares are on loan, you will be paid an income that is accrued daily and credited to your account on a monthly basis. Once you have participated in this program, Apex, our clearing firm, will identify fully-paid stocks in your account as in-demand according to the demand of the market. 

The interest rate is determined by the market; thus, it may vary widely daily. Your income from lending your stocks is calculated using this equation: 

Daily Interest Earned= Number of Shares on Loan *Stock Price* Annualized Interest Rate/360*15%. 

For example, suppose you have 5,000 shares of ABC. One day, the stock price of ABC is $100.00 and the interest rate is 8%. If you have participated in the Stock Lending Income Program, we will automatically lend your shares of stocks according to the demand of the market. The total interest from lending these shares is 5,000*100*8%/360=$111.11. You will receive about 15% of the total interest, so $16.67.

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