# HYNX Bid-Ask Spread, Liquidity and NAV Premium

> As of Nov 11, 2026, HYNX’s median bid-ask spread over 30 days was 0.36%. A $10,000 order costs about $18 one way.

Data as of Nov 11, 2026. Rebuilt every trading night.

As of Nov 11, 2026. Rebuilt every trading night.

## HYNX bid-ask spread and liquidity

As of Nov 11, 2026, HYNX’s median bid-ask spread over 30 days was 0.36%.

### IQ Liquidity Score

Not scored, 2 of 6 measured.

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 can be bought and sold, not whether to own it. How the score is built

Cost to trade, 37.2 0.36% median spread, 30 days to Nov 11, 2026 Capacity, 73.2 Holdings can absorb $157m a day, Nov 11, 2026 Price fidelity Not measured: 4 days of closing premium are held, under the 20 needed Primary market Not measured: it first traded on 2026-07-14, and no N-CEN ETF row for series S000105475 is in the quarters read (2024q4 to 2026q3) Bad-day behaviour Not measured: 0 of the 10 worst days and 4 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2)

### Cost for your order

| Order | Dollars | Percent | Basis |
| --- | --- | --- | --- |
| $1,000 | $1.80 | 0.18% | spread |
| $10,000 | $18 | 0.18% | spread |
| $100,000 | $466 | 0.47% | estimate |
| $1,000,000 | $10,853 | 1.09% | estimate |

### Premium or discount to NAV

- Latest close, Nov 11, 2026: +0.13%

- 95% of days within: ±0.25%

- Days more than 1% from NAV: 0 of 4

- Widest: −0.25%, Nov 6, 2026

Close against the NAV its issuer struck the same day, 4 days from Nov 6, 2026 to Nov 11, 2026. Source: ETFIQ from the issuer’s NAV and closing price.

### Capacity

Its holdings can absorb $157m a day, measured on the trading volume of SKHY, the asset its multiple is on, divided by its multiple of 2, as of Nov 11, 2026. The holding that sets the limit is SKHY (SKHY).

### How to trade HYNX

Order type Limit: midpoint + 3¢ to buy, midpoint − 3¢ to sell. At the Nov 11 close of $14.95, that’s $14.98 to buy and $14.92 to sell. When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund’s own day once it has trade data. Size Up to $1.6m is 1% of what its holdings can absorb in a day, for a buy or a sell. Watch The premium. On 95% of days it is within ±0.25%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.

### What retail orders paid

In Sep 2026, retail market orders in HYNX paid $5.51 one way on $10,000, against $17 at the quote. 89% of shares filled better than the quote.

| Orders | One way on $10,000 |
| --- | --- |
| All wholesalers read | $5.51 |
| Fidelity customers | $3.25 |
| Robinhood customers | $6.10 |
| Schwab customers | $9.80 |

| Month | One way on $10,000 |
| --- | --- |
| Jul 2026 (old format) | $9.06 |
| Aug 2026 | $8.01 |
| Sep 2026 | $5.51 |

HYNX ranked 852nd of 4,090 ETFs by retail order activity in Sep 2026, an ETFIQ estimate. It drew 0.0091% of the market-order dollars in 4 retail brokers’ reports. Retail activity ranking

### Coming with trade data

Spread through the day, buyers against sellers, large trades and the closing auction’s share, each once ETFIQ has trade and quote data.

### Questions people ask

What is HYNX’s bid-ask spread? 0.36% of the midpoint, the median over the 30 days to Nov 11, 2026, as its issuer states it. Half of it is about 3¢ a share at the Nov 11 close. Does HYNX trade at a premium or discount to NAV? It closed +0.13% from its NAV on Nov 11, 2026. On 95% of the 4 days to then it was within ±0.25%, and it closed more than 1% from NAV on 0 of them. Who is the LMM for HYNX? HYNX’s lead market maker (LMM) on NYSE Arca is Susquehanna Securities, LLC. Lead market maker per NYSE Arca, as of Nov 9, 2026. What does it cost to trade $10,000 of HYNX? About $18 one way, 0.18%: half its 30-day median spread. In and out costs twice that. How do I place a limit order for HYNX? Set the limit at the midpoint + 3¢ to buy, or the midpoint − 3¢ to sell, in your broker’s quote. At the Nov 11 close of $14.95, that’s $14.98 to buy and $14.92 to sell.

### Sources and dates

- Spread: T-REX (fund page), 30 days to Nov 11, 2026 ( the issuer’s page ).

- Premium: ETFIQ, close against the issuer’s NAV, Nov 6, 2026 to Nov 11, 2026.

- Capacity: ETFIQ, from each holding’s 20-day median dollar volume, to Nov 11, 2026.

- Retail orders: SEC Rule 605 reports, Sep 2026, from Charles Schwab, G1 Execution Services, Fidelity Brokerage Services, Robinhood, HRT Financial, Jane Street Capital, Vanguard. Computed by ETFIQ. Citadel Securities refused ETFIQ’s request, so its orders are not counted.

### Where to next

The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, HYNX trading: cost, capacity, premium and dealers, data as of Nov 11, 2026. https://etfiq.com/funds/hynx/trading/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/funds/hynx/trading/