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US Margin Debt Surges; Robinhood Margin Loans See Record Growth

CNBC ·

TSLA Tesla Inc
$375.00 -0.74%
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HOOD -2.28%
  1. 1Robinhood's margin loans reached $21.6 billion in Q2, a 127% increase year-over-year.
  2. 2According to FINRA, total margin debt hit a record high of approximately $1.5 trillion in June.
  3. 3Hy Luu used $165,000 from the exercise of Tesla call options to purchase 500 shares of Tesla in June.

So what's the key point?

Robinhood's margin loans grew significantly to $21.6 billion. Margin debt in the US market also reached an all-time high.

Source CNBC · View original ↗

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