I know that if you short a stock you borrow it from a broker, immediately sell it, and then buy it back at (hopefully) a lower price.
But I don't understand how it impacts the leverage of a portfolio. E.g.,
Suppose you have a \$100 initial capital, and ABC is trading at \$10 per share. If you decide to short 5 ABC shares, what would the leverage of your new portfolio be?
I would be grateful for any help/ explanations.