Let’s assume you buy 100 shares at $18.31 with 5x for a total amount of $1831 - see screenshot
Overnight Fee = $2.94
Weekend Fee = $8.83
Let’s assume you hold the instrument for 1 year to get that annual yield of 4.5%. You would then incur below fees:
52 weekends in 1 year = 52 x $8.83 = $459.16
261 days = 261 x $2.94 = $767.35
Total fees = $1226.5
Fee as percentage of investment:
$1226.5 / $1831 = 70% !
With above fee structure, it does not make sense to invest in this instrument at 5x leverage. The fees will kill any yield / profit you will get from this instrument.