IQ
EDGE
MRBL Enhanced Equity ETF
Category IncomeIssuer not establishedNet assets $12mFee 0.74%

EDGE bid-ask spread and liquidity

See what EDGE costs to trade and how closely it tracks its value.

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Not scored

IQ Liquidity Score

· 1 of 6 measured · Feb 11, 2026
0 · Hard to trade100 · Trades like a giant

How easily this fund trades, from 0 to 100 on the same anchors for every fund; 100 is best. Method →

One dealer
Cost to trade
Not measured · the issuer's 30-day median spread is not read for this fund
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Capacity
Not measured · no book of its holdings is read
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Price fidelity
Not measured · no closing premium is held for this fund
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Primary market
2 active dealers of 2; largest 85% of creations and redemptions, N-CEN to Nov 30, 2025
30.0
Bad-day behaviour
Not measured · no daily closing premium is held for this fund
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Depth
Not measured · needs trade and quote data
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Capacity: what its holdings can absorb in a day. Price fidelity: how close its price stays to NAV, the value of what it holds. Primary market: the dealers who create and redeem its shares. Bad-day behaviour: its premium on the market’s worst days. Depth: the dollars quoted at the bid and the ask. How to read the score →

EDGE is not scored: its spread is not read, so it has no point on this chart. 174 scored Income ETFs are plotted for comparison, Nov 12, 2026.

Spread against score

EDGE among Income ETFs

Cheaper to trade sits left, easier to trade sits up.

174 scored
Hard to tradeThinLiquid with careLiquidTrades like a giantNov 12, 2026
CapacityWhat the holdings can absorb a day

Not measured: no book of its holdings is read.

Who makes the market

Authorized participants · N-CEN, the year to Nov 30, 2025
Active dealers
2
of 2 authorized
Largest
85%
of creations and redemptions
One dealer
No
2 active

2 of 2 authorized participants created or redeemed EDGE shares in the year to Nov 30, 2025. From the fund’s Form N-CEN, filed Feb 11, 2026.

APs create and redeem shares. Every AP →

Active APs, largest first, by share of dollars created and redeemed: Goldman Sachs & Co. LLC (84.7%), Jane Street Capital, LLC (15.3%).

Where it trades

Q2 2026, 62 trading days
Off exchange
40%
Odd lots, of exchange volume
4.0%

In Q2 2026, 40% of EDGE’s shares traded off exchange on the median day.

Off exchange means wholesalers and dark pools. Odd lots are orders under 100 shares, a sign of retail trading.

How to place the order

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.
Why low volume does not mean illiquid →Limit orders vs market orders for ETFs →
Not measured yet: these need trade data
Spread through the day

Median spread by half hour, 30 days.

Buyers against sellers

Volume bought at the ask against volume sold at the bid.

Retail flow, estimated

Trades priced in fractions of a cent, a sign of retail orders.

Large trades

Trades above $500k: how many, and their share of volume.

Closing auction

Share of the day’s volume at the close.

Questions people ask

Who is the AP for EDGE?

EDGE’s latest Form N-CEN, for the period ending Nov 30, 2025, lists 2 authorized participants (APs), and 2 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (84.7%), Jane Street Capital, LLC (15.3%) of the dollars its APs created and redeemed.

Who is the LMM for EDGE?

EDGE’s lead market maker (LMM) on Cboe BZX is Wolverine Trading, LLC. Lead market maker per Cboe BZX, as of Nov 9, 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 →EDGE fund page→
Sources and dates
DealersForm N-CEN · the year to Nov 30, 2025
Where it tradesSEC MIDAS · Q2 2026

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

Cite this pageCitation, APA and Markdown

ETFIQ, EDGE trading: cost, capacity, premium and dealers, data as of Feb 11, 2026. https://etfiq.com/funds/edge/trading/

Open data →

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