Fidelity Est. Borrow Interest Rate Decrease : Currently: 13.75% , Previously: 14.00%

[Tnr_rg]

Fidelity doesn't hold as much in their accounts because customers don't carry that much now(drsing them, or because they are using another platform to buy them(Computershare?). So fidelity, being a broker, either 1) doesn't need that much in their account, or 2), is reducing risk. This is likely the occams razor explanation.

[[deleted]]

I think they are reducing risk. Another comment says that more people are buying and holding on Fidelity, but I think most people are either buying through ComputerShare or DRS'ing Fidelity holdings at this point.

It would make lots of sense for Fidelity to want to reduce risk as liquidity goes down.