You do not pay short borrow fee on a short stock position opened and closed intraday. If you have a short position in a stock at market close, you will pay the borrow fee for the next day. If you do not have a short position in a stock at market close, but take a short position during after-hours and keep it overnight, will you pay the borrow fee for the next day?
Lightspeed only charges borrow fees on short positions held overnight. The same for using leverage on long positions. We do not charge for debit balances that exceed your equity unless you borrow funds overnight.
Thank you. So the cut off to determine whether you hold a position overnight is not at the end of regular trading hours when the regular market closes, but at the end of after-hours trading at 8 pm eastern time?