GNR bid-ask spread and liquidity
As of Nov 3, 2026, GNR closed −0.03% from its NAV, and on 95% of the 251 days to then it was within ±0.53%.
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askIQ about GNR bid-ask spread and liquidity
IQ Liquidity Score
· 3 of 6 measured · Nov 4, 2026How easily this fund trades, from 0 to 100 on the same anchors for every fund; 100 is best. Method →
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 →
Above zero: a premium. Below: a discount.
GNR’s holdings can absorb up to $904,341 a day, measured on its own holdings, as of Nov 4, 2026. Part of its book has no volume data, so this is an upper bound.
Who makes the market
Authorized participants · N-CEN, the year to Sep 30, 20255 of 40 authorized participants created or redeemed GNR shares in the year to Sep 30, 2025. From the fund’s Form N-CEN, filed Dec 11, 2025.
APs create and redeem shares. Every AP →
Active APs, largest first, by share of dollars created and redeemed: J.P. Morgan Securities LLC (57.8%), Goldman Sachs & Co. LLC (12.7%), UBS Securities LLC (12.1%), Citigroup Global Markets Inc. (11.6%), BofA Securities, Inc. (5.8%). 35 more were listed and created or redeemed nothing.
$1.2bn net created in 24 weeks and $247m net redeemed in 9, over the 52 weeks from Nov 10, 2025 to Nov 3, 2026, from the change in its shares outstanding.
What retail orders paid
One way on $10,000, Sep 2026In Sep 2026, retail market orders in GNR paid $1.41 one way on $10,000, against $3.71 at the quote.
88% of shares filled better than the quote.
GNR ranked 302nd of 628 ETFs by retail order activity in Sep 2026, an ETFIQ estimate.
0.01% of the market-order dollars in 4 retail brokers’ reports. Buys and sells together. Retail activity ranking →
Where it trades
Q2 2026, 62 trading daysIn Q2 2026, 73% of GNR’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.
- Size
- Part of its book has no volume data, so the room for a large order is an upper bound.
- Watch
- The premium to NAV, charted above: a buyer pays more, and a seller gets less, when it is wide.
Median spread by half hour, 30 days.
Volume bought at the ask against volume sold at the bid.
Trades above $500k: how many, and their share of volume.
Share of the day’s volume at the close.
Questions people ask
Does GNR trade at a premium or discount to NAV?
Who is the AP for GNR?
Who is the LMM for GNR?
The score measures trading conditions, not the fund. ETFIQ makes no recommendations.
Cite this pageCitation, APA and Markdown
ETFIQ, GNR trading: cost, capacity, premium and dealers, data as of Nov 4, 2026. https://etfiq.com/funds/gnr/trading/
ETFIQ. (Nov 4, 2026). GNR trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/gnr/trading/
[GNR trading: cost, capacity, premium and dealers (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/gnr/trading/)
The score measures trading conditions, not the fund. ETFIQ makes no recommendations.