Margin Requirements when Shorting Stocks or ETFs

Only margin accounts may short stocks or ETFs

Stock > $5.00

For stocks above $5.00 a share, the initial requirement for short stock is typically 50% or $5 a share, whichever is greater. Some stocks may have elevated margin requirements.
 

Stock <= $5.00

For stocks at or below $5.00 a share, the initial requirement for short stock is 100% or $2.50 a share, whichever is greater.


Maintenance Requirements when Shorting Stocks or ETFs

Stock > $5.00

For stocks above $5.00 a share, the maintenance requirement for short stock is typically 30% or $5 a share, whichever is greater. Some stocks may have elevated margin requirements, such as volatility products.
 

Stock <= $5.00

For stocks at or below $5.00 a share, the maintenance requirement for short stock is 100% or $2.50 a share, whichever is greater.