Superconformal ‘type B’ quantum mechanical sigma models arise in a variety of interesting contexts, such as the description of D-brane bound states in an $AdS_2$ decoupling limit. Focusing on $N= 2B$ models, we study superconformal indices which count short multiplets and provide an alternative to the standard Witten index, as the latter suffers from infrared issues. We show that the basic index receives contributions from lowest Landau level states in an effective magnetic field and that, due to the noncompactness of the target space, it is typically divergent. Fortunately, the models of interest possess an additional target space isometry which allows for the definition of a well-behaved refined index. We compute this index using localization of the functional integral and find that the result agrees with a naive application of the Atiyah-Bott fixed point formula outside of it’s starting assumptions. In the simplest examples, this formula can also be directly verified by explicitly computing the short multiplet spectrum.