AGQ bid-ask spread and liquidity

ProShares Ultra Silver
LeverageProShares$1.0bn net assets0.95% fee
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As of Oct 22, 2026, AGQ’s median bid-ask spread over 30 days was 0.06%, and its IQ Liquidity Score is 53, Thin.

OverviewHoldingsTradingFlowsCompare

IQ Liquidity Score

3 of 6 measured · Oct 22, 2026
53
Thin5th percentile of 107 leverage ETFs
0 · Hard to trade100 · Trades like a giant

The IQ Liquidity Score: 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 trades, not whether to own it. Method →

Thin: its price is typically 0.96% from its value, and 5.06% or more on one day in 20.

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Ask IQ about AGQ bid-ask spread and liquidity

Answers cite the figures on this page.

Big but costlyPrice can drift from value
Cost to trade
0.06% median spread, 30 days to Oct 22, 2026
76.1
Capacity
Not measured · its reference SLV is not measured (it holds commodities or futures, which have no volume source here)
·
Price fidelity
95% of days within ±5.06% of NAV, 250 days to Oct 22, 2026
10.0
Primary market
Not measured · no SEC series id or CIK on its record
·
Bad-day behaviour
Premium 2.0229× normal on the 10 worst S&P 500 days, to Oct 22, 2026
49.2
Depth
Not measured · needs trade and quote data (Phase 2)
·

Cost for your order

One way, half its 30-day median spread; sizes above $10,000 are estimates
AGQ: cost for your order at each size, round trip
OrderDollarsPercentBasis
$1,000$0.300.03%spread
$10,000$3.000.03%spread

Spread 0.06% median, 30 days to Oct 22, 2026. Above $10,000 the cost adds an estimate of market impact that grows with the order against the holdings’ capacity; a patient limit pays less.

Full cost to own

At $10,000
1 year
1.97%$197
fee alone 0.95% · $95
5 years
5.77%$577
fee alone 4.75% · $475

Fee, plus the round-trip spread once, plus the median premium paid at entry.

Premium or discount to value

Daily, 250 days to Oct 22, 2026 · the ±1% band marked
AGQ premium or discount to NAV, 250 days+1%0−1%Oct 23, 2025Oct 22, 2026
Latest close, Oct 22
−1.07%
95% of days within
±5.06%
Days more than 1% from NAV
122 of 250
Widest
−11.91%, Jan 26, 2026

Close against the NAV its issuer struck the same day, from the issuer. Source: ETFIQ. Its holdings trade on markets that close before New York, so its closing premium carries the move since then.

Capacity

What the holdings can absorb a day

Not measured: its reference SLV is not measured (it holds commodities or futures, which have no volume source here).

Creations and redemptions

By week, 52 weeks to Oct 22, 2026
Oct 27 2025Each week’s net creations (green) and redemptionsOct 22 2026

$1.7bn net created in 30 weeks and $1.3bn net redeemed in 22, over the 52 weeks from Oct 27, 2025 to Oct 22, 2026, from the change in its shares outstanding.

How to trade AGQ

To buy or to sell, up to $100,000
Order type
Limit: midpoint + 2¢ to buy, midpoint − 2¢ to sell.At the Oct 22 close of $53.93, that’s $53.95 to buy and $53.91 to sell.
When
Its holdings trade on markets that close before New York, so its price can drift from their value later in the day.
Watch
The premium. On 95% of days it is within ±5.06%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.
Phase 2 · drawn now, filled when trade data arrives
Spread through the dayComing with trade data

Median spread by half hour, 30 days.

Buyers against sellersComing with trade data

Share of volume at the ask against at the bid.

Retail flow, estimatedComing with trade data

Sub-penny prints as a share of volume.

Large tradesComing with trade data

Prints above $500k, count and share.

Closing auctionComing with trade data

Share of the day’s volume at the close.

Questions people ask

Is AGQ liquid?

AGQ’s IQ Liquidity Score is 53 of 100, Thin, the 5th percentile of 107 leverage ETFs, as of Oct 22, 2026.

What is AGQ’s bid-ask spread?

0.06% of the midpoint, the median over the 30 days to Oct 22, 2026, as its issuer states it. Half of it is about 2¢ a share at the Oct 22 close.

Does AGQ trade at a premium or discount to NAV?

It closed −1.07% from its NAV on Oct 22, 2026. On 95% of the 250 days to then it was within ±5.06%, and it closed more than 1% from NAV on 122 of them.

Who is the LMM for AGQ?

AGQ’s lead market maker (LMM) on NYSE Arca is Virtu Americas LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026.

What does it cost to trade $10,000 of AGQ?

About $3.00 one way, 0.03%: half its 30-day median spread. In and out costs twice that. Owning $10,000 for a year costs about $197 all in, against $95 for the fee alone.

How do I place a limit order for AGQ?

Set the limit at the midpoint + 2¢ to buy, or the midpoint − 2¢ to sell, in your broker’s quote. At the Oct 22 close of $53.93, that’s $53.95 to buy and $53.91 to sell.
Sources and dates
SpreadProShares (fund page), 30-day median · to Oct 22, 2026
Premium to NAVETFIQ, close against the issuer’s NAV · Oct 23, 2025 to Oct 22, 2026
Creations and redemptionsShares outstanding, daily, from the issuer
IQ Liquidity ScoreETFIQ · Oct 22, 2026
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →AGQ fund page→
Cite this pageCitation, APA and Markdown

ETFIQ, AGQ trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/agq/trading/

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The score measures trading conditions, not the fund. ETFIQ makes no recommendations.