{"url":"https://etfiq.com/funds/agmi/trading/","section":"funds","title":"AGMI Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"As of Sep 11, 2026, AGMI closed +0.28% from its NAV, and on 95% of the 1 days to then it was within \u00b10.28%. No fund is recommended.","as_of":"Oct 22, 2026","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/agmi/trading/#data","name":"AGMI trading costs and liquidity","description":"As of Sep 11, 2026, AGMI closed +0.28% from its NAV, and on 95% of the 1 days to then it was within \u00b10.28%. No fund is recommended.","url":"https://etfiq.com/funds/agmi/trading/","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","variableMeasured":["30-day median bid-ask spread","Premium or discount to NAV","Capacity","Active authorized participants","IQ Liquidity Score","Cost to trade by order size"],"distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/trading-score.json"}],"publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Does AGMI trade at a premium or discount to NAV?","acceptedAnswer":{"@type":"Answer","text":"It closed +0.28% from its NAV on Sep 11, 2026. On 95% of the 1 days to then it was within \u00b10.28%, and it closed more than 1% from NAV on 0 of them."}},{"@type":"Question","name":"Who is the AP for AGMI?","acceptedAnswer":{"@type":"Answer","text":"AGMI\u2019s latest Form N-CEN, for the period ending Sep 30, 2024, lists 1 authorized participant (APs), and 1 created or redeemed shares. The only active AP was Goldman Sachs & Co. LLC."}},{"@type":"Question","name":"Who is the LMM for AGMI?","acceptedAnswer":{"@type":"Answer","text":"AGMI\u2019s lead market maker (LMM) on Nasdaq is Old Mission Capital LLC. Lead market maker per Nasdaq, as of Oct 23, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/agmi#fund","name":"Themes Silver Miners ETF","alternateName":"AGMI","url":"https://etfiq.com/funds/agmi","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"AGMI"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/agmi#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"AGMI","item":"https://etfiq.com/funds/agmi"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/agmi/trading/"}]},{"@type":"WebPage","name":"AGMI Bid-Ask Spread, Liquidity and NAV Premium","description":"As of Sep 11, 2026, AGMI closed +0.28% from its NAV, and on 95% of the 1 days to then it was within \u00b10.28%. No fund is recommended.","url":"https://etfiq.com/funds/agmi/trading/","dateModified":"2026-10-22","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4376,"truncated":false,"content":"ETFIQ / AGMI / Trading \n \n As of Oct 22, 2026. Rebuilt every trading night.\n AGMI bid-ask spread and liquidity\n As of Sep 11, 2026, AGMI closed +0.28% from its NAV, and on 95% of the 1 days to then it was within \u00b10.28%.\n IQ Liquidity Score\n Not scored, 1 of 6 measured.\n A fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund can be bought and sold, not whether to own it. How the score is built \n Flags: One dealer.\n Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Holdings can absorb up to $133,538 a day; part of the book has no volume figure Price fidelity Not measured: 1 days of closing premium are held, under the 20 needed Primary market, 25.0 1 active dealer of 1; largest 100% of creations and redemptions, N-CEN to Sep 30, 2024 Bad-day behaviour Not measured: 0 of the 10 worst days and 1 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2) \n Premium or discount to NAV\n Latest close, Sep 11, 2026: +0.28%\n 95% of days within: \u00b10.28%\n Days more than 1% from NAV: 0 of 1\n Widest: +0.28%, Sep 11, 2026\n Close against the NAV its issuer struck the same day, 1 days from Sep 11, 2026 to Sep 11, 2026. Source: ETFIQ from the issuer\u2019s NAV and closing price. Its holdings trade on markets that close before New York, so its closing premium carries the move since then.\n Capacity\n Its holdings can absorb up to $133,538 a day, measured on its own holdings, as of Oct 22, 2026. The holding that sets the limit is Fresnillo PLC (FNLPF), 9.64% of the fund.\n Dealers\n 1 active of 1 authorized participants; the largest did 100% of creations and redemptions, in the year to Sep 30, 2024 (Form N-CEN filed Dec 16, 2024).\n The active authorized participants, largest first, by share of the dollars created and redeemed: Goldman Sachs & Co. LLC (100.0%).\n How to trade AGMI\n When Its holdings trade on markets that close before New York, so its price can drift from their value later in the day. Size Part of its book has no volume figure, so the room for a large order is an upper bound. Watch The premium. On 95% of days it is within \u00b10.28%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth. Coming with trade data\n Spread through the day, buyers against sellers, an estimate of retail flow, large trades and the closing auction\u2019s share, each once ETFIQ has trade and quote data.\n Questions people ask\n Does AGMI trade at a premium or discount to NAV? It closed +0.28% from its NAV on Sep 11, 2026. On 95% of the 1 days to then it was within \u00b10.28%, and it closed more than 1% from NAV on 0 of them. Who is the AP for AGMI? AGMI\u2019s latest Form N-CEN, for the period ending Sep 30, 2024, lists 1 authorized participant (APs), and 1 created or redeemed shares. The only active AP was Goldman Sachs & Co. LLC. Who is the LMM for AGMI? AGMI\u2019s lead market maker (LMM) on Nasdaq is Old Mission Capital LLC. Lead market maker per Nasdaq, as of Oct 23, 2026. Sources and dates\n Premium: ETFIQ, close against the issuer\u2019s NAV, Sep 11, 2026 to Sep 11, 2026.\n Capacity: ETFIQ, from each holding\u2019s 20-day median dollar volume, to Oct 22, 2026.\n Dealers: Form N-CEN, the year to Sep 30, 2024, accession 0001145549-24-078682.\n Where to next\n AGMI fund page ETF trading costs and liquidity Limit orders vs market orders for ETFs Why low volume does not mean illiquid How the IQ Liquidity Score is built Compare AGMI with another fund The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, AGMI trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/agmi/trading/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, AGMI trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/agmi/trading/ APA ETFIQ. (Oct 22, 2026). AGMI trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/agmi/trading/ Markdown [AGMI trading: cost, capacity, premium and dealers (ETFIQ, Oct 22, 2026)](https://etfiq.com/funds/agmi/trading/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, AGMI trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/agmi/trading/"}