GURU bid-ask spread and liquidity

Global X Guru Index ETF
StocksGlobal X$60m net assets0.75% fee
Share

As of Oct 12, 2026, GURU closed +0.02% from its NAV, and on 95% of the 6 days to then it was within ±0.07%.

Ask IQ about this page

Ask IQ about GURU bid-ask spread and liquidity

Answers cite the figures on this page.

OverviewHoldingsDividendsTradingFlowsCompare

IQ Liquidity Score

1 of 6 measured · Oct 16, 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 →

Cost to trade
Not measured · the issuer's 30-day median spread is not read for this fund
·
Capacity
Holdings can absorb up to $115m a day; part of the book has no volume figure
·
Price fidelity
Not measured · 6 days of closing premium are held, under the 20 needed
·
Primary market
4 active dealers of 22; largest 39% of creations and redemptions, N-CEN to Oct 31, 2025
65.0
Bad-day behaviour
Not measured · 0 of the 10 worst days and 6 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, 6 days to Oct 12, 2026 · the ±1% band marked
GURU premium or discount to NAV, 6 days+1%0−1%Oct 2, 2026Oct 12, 2026
Latest close, Oct 12
+0.02%
95% of days within
±0.07%
Days more than 1% from NAV
0 of 6
Widest
−0.07%, Oct 9, 2026

Close against the NAV its issuer struck the same day, from the issuer. Source: ETFIQ.

Capacity

What the holdings can absorb a day, at 10% of each one’s volume
Holdings can absorb, at most
$115m

GURU’s holdings can absorb up to $115m a day, measured on its own holdings, as of Oct 16, 2026. Part of its book has no volume figure, so this is an upper bound.

The holding that sets the limit: Triple Flag Precious Metals Corp. (TFPM), 0.99% of the fund, $11m 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
4
of 22 authorized
Largest
39%
of creations and redemptions
One dealer
No
4 active

4 of 22 authorized participants created or redeemed GURU shares in the year to Oct 31, 2025. From the fund’s Form N-CEN, filed Mar 12, 2026.

The active authorized participants, largest first, by share of the dollars created and redeemed: Citigroup Global Markets Inc. (39.3%), Jefferies LLC (31.9%), Goldman Sachs & Co. LLC (21.1%), BofA Securities, Inc. (7.6%). 18 more were listed and created or redeemed nothing.

How to trade GURU

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 figure, so the room for a large order is an upper bound.
Watch
The premium. On 95% of days it is within ±0.07%; 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 GURU trade at a premium or discount to NAV?

It closed +0.02% from its NAV on Oct 12, 2026. On 95% of the 6 days to then it was within ±0.07%, and it closed more than 1% from NAV on 0 of them.

Who is the AP for GURU?

GURU’s latest Form N-CEN, for the period ending Oct 31, 2025, lists 22 authorized participants (APs), and 4 created or redeemed shares. The largest were Citigroup Global Markets Inc. (39.3%), Jefferies LLC (31.9%), Goldman Sachs & Co. LLC (21.1%) of the dollars its APs created and redeemed.

Who is the LMM for GURU?

GURU’s lead market maker (LMM) on NYSE Arca is Susquehanna Securities, LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026.
Sources and dates
Premium to NAVETFIQ, close against the issuer’s NAV · Oct 2, 2026 to Oct 12, 2026
CapacityETFIQ, each holding’s 20-day median dollar volume · to Oct 16, 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 →GURU fund page→
Cite this pageCitation, APA and Markdown

ETFIQ, GURU trading: cost, capacity, premium and dealers, data as of Oct 16, 2026. https://etfiq.com/funds/guru/trading/

Open data →

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