Here's a bit of trivia: $STRC It comes with a short-selling tax 😁

Let's see what this is 👇
Short selling means you borrow someone else's stock. Once your position crosses the ex-dividend date, the broker will directly deduct an equivalent amount of the dividend from your account to compensate the lender.
Each broker's rules are very clear: short position holders must be responsible for cash dividends, and when dividends are paid, the short account directly incurs a Cash Debit.
Mechanisms like STRC inherently carry a very high negative Carry. Although the stock price theoretically drops on the ex-dividend date, you also have to pay out real cash to cover the dividends, leaving little room for arbitrage.
Therefore, the closer to the ex-dividend date, the more the shorts' minds are aligned, and the STRC price will naturally gravitate toward the anchored price. With the implementation of semi-monthly interest starting next month, the cost of shorting STRC will become increasingly higher~