Anavex Life Sciences Corp (AVXL)

[JB3729]

Fidelity has told me that they do not loan account holders shares to shorts without a signed contract with the account holder.

Something of interest:

Fidelity's mutual funds loan shares they hold to shorts. I imagine that all mutual funds do this. The explanation I was given is that the mutual fund managers are bullish on the long term outlook for stocks they hold. They are not worried about a stock being shorted and then covered, resulting in a wash. Futhermore, they are interested in receiving the interest in order to bolster their returns.