ORBISA ON DJT

Orbisa insights dives into Trump Media & Technology Group (DJT), owners of Truth Social, which has seen volatile activity and significant fees in the lending market following the company’s NASDAQ listing. In the securities lending market, the SPAC merger on March 26 caused fees to spike to over 68,000bps during the initial trading days under the symbol DJT. Following the steep decline in the stock’s price, fees remain elevated with a current Orbisa Rate (indicative buy-side rate) of 19,000bps, with shares remaining at nearly 100% utilized.

Published April 19, 2024.