DSTX bid-ask spread and liquidity

Distillate International Fundamental Stability & Value ETF
StocksDistillate Capital$47m net assets0.55% fee
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Ask IQ about DSTX bid-ask spread and liquidity

Answers cite the figures on this page.

OverviewHoldingsDividendsTradingFlowsCompare

IQ Liquidity Score

1 of 6 measured · Dec 16, 2024
·
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
Not measured · 39.3% of its long weight could be measured; the largest part not measured is foreign
·
Price fidelity
Not measured · no closing premium is held for this fund
·
Primary market
2 active dealers of 2; largest 94% of creations and redemptions, N-CEN to Sep 30, 2024
30.0
Bad-day behaviour
Not measured · no daily closing premium is held for this fund
·
Depth
Not measured · needs trade and quote data (Phase 2)
·

Capacity

What the holdings can absorb a day

Not measured: 39.3% of its long weight could be measured; the largest part not measured is foreign.

Dealers

Authorized participants · N-CEN, the year to Sep 30, 2024
Active dealers
2
of 2 authorized
Largest
94%
of creations and redemptions
One dealer
No
2 active

2 of 2 authorized participants created or redeemed DSTX shares in the year to Sep 30, 2024. From the fund’s Form N-CEN, filed Dec 16, 2024.

The active authorized participants, largest first, by share of the dollars created and redeemed: Goldman Sachs & Co. LLC (94.4%), J.P. Morgan Securities LLC (5.6%).

How to trade DSTX

To buy or to sell, up to $100,000
When
ETF spreads are usually widest in the first minutes after the open and the last before the close.
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

Who is the AP for DSTX?

DSTX’s latest Form N-CEN, for the period ending Sep 30, 2024, lists 2 authorized participants (APs), and 2 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (94.4%), J.P. Morgan Securities LLC (5.6%) of the dollars its APs created and redeemed.

Who is the LMM for DSTX?

DSTX is on none of the lead market maker (LMM) lists ETFIQ reads, from NYSE Arca, Cboe BZX and Nasdaq. Each list covers only that exchange’s own program, so this does not mean it has no LMM.
Sources and dates
DealersForm N-CEN · the year to Sep 30, 2024
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 →DSTX fund page→
Cite this pageCitation, APA and Markdown

ETFIQ, DSTX trading: cost, capacity, premium and dealers, data as of Dec 16, 2024. https://etfiq.com/funds/dstx/trading/

Open data →

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