BULD bid-ask spread and liquidity

Pacer BlueStar Engineering the Future ETF
ThemesPacer$15m net assets0.49% fee
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As of Oct 2, 2026, BULD closed +0.37% from its NAV, and on 95% of the 2 days to then it was within ±0.37%.

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Ask IQ about BULD bid-ask spread and liquidity

Answers cite the figures on this page.

OverviewHoldingsDividendsTradingFlowsCompare

IQ Liquidity Score

1 of 6 measured · Oct 22, 2026
·
Not scored
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 →

One dealer
Cost to trade
Not measured · the issuer's 30-day median spread is not read for this fund
·
Capacity
Holdings can absorb up to $7,964 a day; part of the book has no volume figure
·
Price fidelity
Not measured · 2 days of closing premium are held, under the 20 needed
·
Primary market
1 active dealer of 1; largest 100% of creations and redemptions, N-CEN to Oct 31, 2025
25.0
Bad-day behaviour
Not measured · 0 of the 10 worst days and 2 other days are held, under the 5 and 60 needed
·
Depth
Not measured · needs trade and quote data (Phase 2)
·

Premium or discount to value

Daily, 2 days to Oct 2, 2026 · the ±1% band marked
BULD premium or discount to NAV, 2 days+1%0−1%Sep 11, 2026Oct 2, 2026
Latest close, Oct 2
+0.37%
95% of days within
±0.37%
Days more than 1% from NAV
0 of 2
Widest
+0.37%, Oct 2, 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, at 10% of each one’s volume
Holdings can absorb, at most
$7,964

BULD’s holdings can absorb up to $7,964 a day, measured on its own holdings, as of Oct 22, 2026. Part of its book has no volume figure, so this is an upper bound.

The holding that sets the limit: SCREEN Holdings Co Ltd (SCRNY), 0.39% of the fund, $313 a day traded, the median of 20 days to Oct 22, 2026. Capacity is the least of the holding-level ratios over the holdings making up 95% of the weight.

Dealers

Authorized participants · N-CEN, the year to Oct 31, 2025
Active dealers
1
of 1 authorized
Largest
100%
of creations and redemptions
One dealer
Yes
1 active

1 of 1 authorized participants created or redeemed BULD shares in the year to Oct 31, 2025. From the fund’s Form N-CEN, filed Jan 14, 2026.

The active authorized participants, largest first, by share of the dollars created and redeemed: Virtu Americas LLC (100.0%).

How to trade BULD

To buy or to sell, up to $100,000
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 ±0.37%; 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

Does BULD trade at a premium or discount to NAV?

It closed +0.37% from its NAV on Oct 2, 2026. On 95% of the 2 days to then it was within ±0.37%, and it closed more than 1% from NAV on 0 of them.

Who is the AP for BULD?

BULD’s latest Form N-CEN, for the period ending Oct 31, 2025, lists 1 authorized participant (APs), and 1 created or redeemed shares. The only active AP was Virtu Americas LLC.

Who is the LMM for BULD?

BULD’s lead market maker (LMM) on Nasdaq is Virtu Americas LLC. Lead market maker per Nasdaq, as of Oct 23, 2026.
Sources and dates
Premium to NAVETFIQ, close against the issuer’s NAV · Sep 11, 2026 to Oct 2, 2026
CapacityETFIQ, each holding’s 20-day median dollar volume · to Oct 22, 2026
DealersForm N-CEN · the year to Oct 31, 2025
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 →BULD fund page→
Cite this pageCitation, APA and Markdown

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

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