# KBUF Bid-Ask Spread, Liquidity and NAV Premium

> KBUF trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.

Data as of Nov 12, 2026. Rebuilt every trading night.

As of Nov 12, 2026. Rebuilt every trading night.

## KBUF bid-ask spread and liquidity

As of Nov 12, 2026, KBUF is not scored: ETFIQ reads 0 of its 6 trading measures.

### IQ Liquidity Score

Not scored, 0 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 Not measured: the issuer's 30-day median spread is not read for this fund Capacity Not measured: no reference asset on its record Price fidelity Not measured: no closing premium is held for this fund Primary market Not measured: no SEC series id or CIK on its record Bad-day behaviour Not measured: no daily closing premium is held for this fund Depth Not measured: needs trade and quote data (Phase 2)

### Capacity

Not measured: no reference asset on its record.

### How to trade KBUF

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.

### Where it trades

In Q2 2026, 73% of KBUF’s shares traded off exchange on the median day. Odd lots, under 100 shares, were 3.2% of its exchange volume.

### Coming with trade data

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

### Questions people ask

Who is the LMM for KBUF? KBUF’s lead market maker (LMM) on NYSE Arca is Susquehanna Securities, LLC. Lead market maker per NYSE Arca, as of Nov 9, 2026.

### Sources and dates

- Where it trades: SEC MIDAS, Q2 2026, against the fund’s daily volume from Tiingo.

### 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, KBUF trading: cost, capacity, premium and dealers, data as of Nov 12, 2026. https://etfiq.com/funds/kbuf/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/kbuf/trading/