{"slug":"fully-paid-securities-lending","qid":"demand_trace","label":"Days to cover for two large dividend payers, by settlement date","post_title":"Fully Paid Securities Lending Explained","post_url":"/blog/fully-paid-securities-lending#q-demand_trace","columns":["as_of_date","as_of_label","ko_days_to_cover","xom_days_to_cover"],"rows":[{"as_of_date":"2024-08-30","as_of_label":"Aug 30, 2024","ko_days_to_cover":2.94,"xom_days_to_cover":3.76},{"as_of_date":"2024-09-13","as_of_label":"Sep 13, 2024","ko_days_to_cover":2.77,"xom_days_to_cover":2.67},{"as_of_date":"2024-09-30","as_of_label":"Sep 30, 2024","ko_days_to_cover":2.15,"xom_days_to_cover":2.46},{"as_of_date":"2024-10-15","as_of_label":"Oct 15, 2024","ko_days_to_cover":2.94,"xom_days_to_cover":2.79},{"as_of_date":"2024-10-31","as_of_label":"Oct 31, 2024","ko_days_to_cover":2.1,"xom_days_to_cover":3.86},{"as_of_date":"2024-11-15","as_of_label":"Nov 15, 2024","ko_days_to_cover":2.19,"xom_days_to_cover":2.8},{"as_of_date":"2024-11-29","as_of_label":"Nov 29, 2024","ko_days_to_cover":1.57,"xom_days_to_cover":2.91},{"as_of_date":"2024-12-13","as_of_label":"Dec 13, 2024","ko_days_to_cover":1.68,"xom_days_to_cover":2.6},{"as_of_date":"2024-12-31","as_of_label":"Dec 31, 2024","ko_days_to_cover":1.97,"xom_days_to_cover":2.45},{"as_of_date":"2025-01-15","as_of_label":"Jan 15, 2025","ko_days_to_cover":2.05,"xom_days_to_cover":2.6},{"as_of_date":"2025-01-31","as_of_label":"Jan 31, 2025","ko_days_to_cover":1.84,"xom_days_to_cover":2.54},{"as_of_date":"2025-02-14","as_of_label":"Feb 14, 2025","ko_days_to_cover":2.34,"xom_days_to_cover":2.99},{"as_of_date":"2025-02-28","as_of_label":"Feb 28, 2025","ko_days_to_cover":2.08,"xom_days_to_cover":3.16},{"as_of_date":"2025-03-14","as_of_label":"Mar 14, 2025","ko_days_to_cover":1.71,"xom_days_to_cover":2.43},{"as_of_date":"2025-03-31","as_of_label":"Mar 31, 2025","ko_days_to_cover":1.87,"xom_days_to_cover":2.41},{"as_of_date":"2025-04-15","as_of_label":"Apr 15, 2025","ko_days_to_cover":1.77,"xom_days_to_cover":1.78},{"as_of_date":"2025-04-30","as_of_label":"Apr 30, 2025","ko_days_to_cover":2.36,"xom_days_to_cover":3.24},{"as_of_date":"2025-05-15","as_of_label":"May 15, 2025","ko_days_to_cover":2.42,"xom_days_to_cover":2.89},{"as_of_date":"2025-05-30","as_of_label":"May 30, 2025","ko_days_to_cover":2.32,"xom_days_to_cover":2.81},{"as_of_date":"2025-06-13","as_of_label":"Jun 13, 2025","ko_days_to_cover":2.74,"xom_days_to_cover":2.1},{"as_of_date":"2025-06-30","as_of_label":"Jun 30, 2025","ko_days_to_cover":1.85,"xom_days_to_cover":1.8},{"as_of_date":"2025-07-15","as_of_label":"Jul 15, 2025","ko_days_to_cover":2.01,"xom_days_to_cover":2.81},{"as_of_date":"2025-07-31","as_of_label":"Jul 31, 2025","ko_days_to_cover":2.21,"xom_days_to_cover":2.4},{"as_of_date":"2025-08-15","as_of_label":"Aug 15, 2025","ko_days_to_cover":2.98,"xom_days_to_cover":2.57},{"as_of_date":"2025-08-29","as_of_label":"Aug 29, 2025","ko_days_to_cover":2.61,"xom_days_to_cover":3.24},{"as_of_date":"2025-09-15","as_of_label":"Sep 15, 2025","ko_days_to_cover":1.95,"xom_days_to_cover":3.17},{"as_of_date":"2025-09-30","as_of_label":"Sep 30, 2025","ko_days_to_cover":2.04,"xom_days_to_cover":2.02},{"as_of_date":"2025-10-15","as_of_label":"Oct 15, 2025","ko_days_to_cover":2.42,"xom_days_to_cover":3.2},{"as_of_date":"2025-10-31","as_of_label":"Oct 31, 2025","ko_days_to_cover":2.06,"xom_days_to_cover":3.3},{"as_of_date":"2025-11-14","as_of_label":"Nov 14, 2025","ko_days_to_cover":2.43,"xom_days_to_cover":3.24},{"as_of_date":"2025-11-28","as_of_label":"Nov 28, 2025","ko_days_to_cover":2.36,"xom_days_to_cover":3.1},{"as_of_date":"2025-12-15","as_of_label":"Dec 15, 2025","ko_days_to_cover":2.02,"xom_days_to_cover":2.95},{"as_of_date":"2025-12-31","as_of_label":"Dec 31, 2025","ko_days_to_cover":2.76,"xom_days_to_cover":2.71},{"as_of_date":"2026-01-15","as_of_label":"Jan 15, 2026","ko_days_to_cover":1.95,"xom_days_to_cover":2.31},{"as_of_date":"2026-01-30","as_of_label":"Jan 30, 2026","ko_days_to_cover":1.83,"xom_days_to_cover":2.59},{"as_of_date":"2026-02-13","as_of_label":"Feb 13, 2026","ko_days_to_cover":1.77,"xom_days_to_cover":2.47},{"as_of_date":"2026-02-27","as_of_label":"Feb 27, 2026","ko_days_to_cover":2.48,"xom_days_to_cover":2.46},{"as_of_date":"2026-03-13","as_of_label":"Mar 13, 2026","ko_days_to_cover":3.08,"xom_days_to_cover":2.14},{"as_of_date":"2026-03-31","as_of_label":"Mar 31, 2026","ko_days_to_cover":2.81,"xom_days_to_cover":1.97},{"as_of_date":"2026-04-15","as_of_label":"Apr 15, 2026","ko_days_to_cover":3.15,"xom_days_to_cover":1.82},{"as_of_date":"2026-04-30","as_of_label":"Apr 30, 2026","ko_days_to_cover":3.03,"xom_days_to_cover":2.73},{"as_of_date":"2026-05-15","as_of_label":"May 15, 2026","ko_days_to_cover":3.51,"xom_days_to_cover":2.36},{"as_of_date":"2026-05-29","as_of_label":"May 29, 2026","ko_days_to_cover":2.91,"xom_days_to_cover":2.36},{"as_of_date":"2026-06-15","as_of_label":"Jun 15, 2026","ko_days_to_cover":3.03,"xom_days_to_cover":3.01},{"as_of_date":"2026-06-30","as_of_label":"Jun 30, 2026","ko_days_to_cover":2.06,"xom_days_to_cover":1.83},{"as_of_date":"2026-07-15","as_of_label":"Jul 15, 2026","ko_days_to_cover":2.95,"xom_days_to_cover":2.94},{"as_of_date":"2026-07-31","as_of_label":"Jul 31, 2026","ko_days_to_cover":2.39,"xom_days_to_cover":2.94}],"shape":"series","sql":"SELECT\n    toString(settlement_date)                      AS as_of_date,\n    formatDateTime(settlement_date, '%b %e, %Y')   AS as_of_label,\n    round(maxIf(days_to_cover, ticker = 'KO'), 2)  AS ko_days_to_cover,\n    round(maxIf(days_to_cover, ticker = 'XOM'), 2) AS xom_days_to_cover\nFROM global_markets.stocks_short_interest\nWHERE ticker IN ('KO', 'XOM')\n  AND settlement_date >= today() - 730\nGROUP BY settlement_date\nHAVING countIf(ticker = 'KO') > 0\n   AND countIf(ticker = 'XOM') > 0\nORDER BY settlement_date","computed_at":"2026-08-22T04:06:30.601872+00:00","elapsed":0.074874212}