IQ
EMTY
ProShares Decline of the Retail Store ETF
Category LeverageIssuer ProSharesNet assets $2.7mFee 0.65%

EMTY bid-ask spread and liquidity

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

·
Not scored

IQ Liquidity Score

· 1 of 6 measured · Nov 12, 2026
+0.05%
latest close, Nov 12
±0.15%
95% of days within
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 →

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 reference asset on its record
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Price fidelity
Not measured · 5 days of closing premium are held, under the 20 needed
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Primary market
3 active dealers of 39; largest 44% of creations and redemptions, N-CEN to May 31, 2026
65.0
Bad-day behaviour
Not measured · 0 of the 10 worst days and 5 other days are held, under the 5 and 60 needed
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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 →

EMTY is not scored: its spread is not read, so it has no point on this chart. 248 scored Leverage ETFs are plotted for comparison, Nov 12, 2026.

Spread against score

EMTY among Leverage ETFs

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

248 scored
Hard to tradeThinLiquid with careLiquidTrades like a giantNov 12, 2026
Premium or discount to valueDaily, 5 days to Nov 12, 2026 · the ±1% band marked

Above zero: a premium. Below: a discount.

EMTY premium or discount to NAV, 5 days+1%0−1%Nov 6, 2026Nov 12, 2026
Latest close, Nov 12
+0.05%
95% of days within
±0.15%
Days more than 1% from NAV
0 of 5
Widest
−0.15%, Nov 6, 2026
CapacityWhat the holdings can absorb a day

Not measured: no reference asset on its record.

Who makes the market

Authorized participants · N-CEN, the year to May 31, 2026
Active dealers
3
of 39 authorized
Largest
44%
of creations and redemptions
One dealer
No
3 active

3 of 39 authorized participants created or redeemed EMTY shares in the year to May 31, 2026. From the fund’s Form N-CEN, filed Aug 14, 2026.

APs create and redeem shares. Every AP →

Active APs, largest first, by share of dollars created and redeemed: Merrill Lynch, Pierce, Fenner and Smith Incorporated (43.8%), Jane Street Capital, LLC (30.0%), SG Americas Securities, LLC (26.2%). 36 more were listed and created or redeemed nothing.

Where it trades

Q2 2026, 23 trading days
Off exchange
78%
Odd lots, of exchange volume
15.3%

In Q2 2026, 78% of EMTY’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.
Watch
The premium to NAV, charted above: a buyer pays more, and a seller gets less, when it is wide.
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

Does EMTY trade at a premium or discount to NAV?

It closed +0.05% from its NAV on Nov 12, 2026. On 95% of the 5 days to then it was within ±0.15%, and it closed more than 1% from NAV on 0 of them.

Who is the AP for EMTY?

EMTY’s latest Form N-CEN, for the period ending May 31, 2026, lists 39 authorized participants (APs), and 3 created or redeemed shares. The largest were Merrill Lynch, Pierce, Fenner and Smith Incorporated (43.8%), Jane Street Capital, LLC (30.0%), SG Americas Securities, LLC (26.2%) of the dollars its APs created and redeemed.

Who is the LMM for EMTY?

EMTY’s lead market maker (LMM) on NYSE Arca is SG Americas Securities, LLC. Lead market maker per NYSE Arca, 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 →EMTY fund page→
Sources and dates
Premium to NAVETFIQ, close against the issuer’s NAV · Nov 6, 2026 to Nov 12, 2026
DealersForm N-CEN · the year to May 31, 2026
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, EMTY trading: cost, capacity, premium and dealers, data as of Nov 12, 2026. https://etfiq.com/funds/emty/trading/

Open data →

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