ITDF bid-ask spread and liquidity
As of Nov 4, 2026, ITDF closed +0.06% from its NAV, and on 95% of the 251 days to then it was within ±0.08%.
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askIQ about ITDF bid-ask spread and liquidity
IQ Liquidity Score
· 4 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.
Its holdings trade on markets that close before New York, so its closing premium carries the move since then.
ITDF’s holdings can absorb $30m a day, measured on its own holdings, as of Nov 4, 2026. A $1m order is 3.37% of a day’s capacity.
Who makes the market
Authorized participants · N-CEN, the year to Jul 31, 20252 of 34 authorized participants created or redeemed ITDF shares in the year to Jul 31, 2025. From the fund’s Form N-CEN, filed Oct 14, 2025.
APs create and redeem shares. Every AP →
Active APs, largest first, by share of dollars created and redeemed: Citadel Securities LLC (81.5%), BofA Securities, Inc. (18.5%). 32 more were listed and created or redeemed nothing.
$51m net created in 37 weeks and $2,292 net redeemed in 1, 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 ITDF paid $1.31 one way on $10,000, against $4.48 at the quote.
78% of shares filled better than the quote.
Where it trades
Q2 2026, 62 trading daysIn Q2 2026, odd lots were 8.7% of ITDF’s exchange volume.
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
- Its holdings trade on markets that close before New York, so its price can drift from their value later in the day.
- Size
- Up to $296,525 is 1% of what its holdings can absorb in a day, for a buy or a sell.
- 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 priced in fractions of a cent, a sign of retail orders.
Trades above $500k: how many, and their share of volume.
Share of the day’s volume at the close.
Questions people ask
Does ITDF trade at a premium or discount to NAV?
Who is the AP for ITDF?
Who is the LMM for ITDF?
The score measures trading conditions, not the fund. ETFIQ makes no recommendations.
Cite this pageCitation, APA and Markdown
ETFIQ, ITDF trading: cost, capacity, premium and dealers, data as of Nov 4, 2026. https://etfiq.com/funds/itdf/trading/
ETFIQ. (Nov 4, 2026). ITDF trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/itdf/trading/
[ITDF trading: cost, capacity, premium and dealers (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/itdf/trading/)
The score measures trading conditions, not the fund. ETFIQ makes no recommendations.