Retail investor borrowing continued its recent upward trend in June, according to new statistics from the Investment Dealers Association.

The IDA reports that at the end of June, the outstanding debt in client margin accounts was more than $9.6 billion, up from just under $9.5 billion in May and $9.3 billion at the end of the prior month. This marked the second consecutive month-over-month increase in margin debt this year. The rise the previous month was the first since November of last year.

Retail borrowing has been on a downward track since last September, when margin debt numbers peaked at almost $11.3 billion, along with much higher equity markets. These recent gains though have just about restored retail borrowing to year ago levels.