# MOTG Bid-Ask Spread, Liquidity and NAV Premium > As of Oct 22, 2026, MOTG closed −0.03% from its NAV, and on 95% of the 10 days to then it was within ±0.30%. No fund is recommended. Data as of Oct 22, 2026. Rebuilt every trading night. As of Oct 22, 2026. Rebuilt every trading night. ## MOTG bid-ask spread and liquidity As of Oct 22, 2026, MOTG closed −0.03% from its NAV, and on 95% of the 10 days to then it was within ±0.30%. ### IQ Liquidity Score Not scored, 1 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 Holdings can absorb up to $16,149 a day; part of the book has no volume figure Price fidelity Not measured: 10 days of closing premium are held, under the 20 needed Primary market, 0.0 0 active dealers of 37, N-CEN to Sep 30, 2025 Bad-day behaviour Not measured: 0 of the 10 worst days and 10 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2) ### Premium or discount to NAV - Latest close, Oct 22, 2026: −0.03% - 95% of days within: ±0.30% - Days more than 1% from NAV: 0 of 10 - Widest: −0.30%, Oct 16, 2026 Close against the NAV its issuer struck the same day, 10 days from Oct 9, 2026 to Oct 22, 2026. Source: ETFIQ from the issuer’s NAV and closing price. Its holdings trade on markets that close before New York, so its closing premium carries the move since then. ### Capacity Its holdings can absorb up to $16,149 a day, measured on its own holdings, as of Oct 22, 2026. The holding that sets the limit is Hensoldt Ag (HNSDF), 2.02% of the fund. ### Dealers 0 active of 37 authorized participants, in the year to Sep 30, 2025 (Form N-CEN filed Dec 9, 2025). ### How to trade MOTG When Its holdings trade on markets that close before New York, so its price can drift from their value later in the day. 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 ±0.30%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth. ### 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 Does MOTG trade at a premium or discount to NAV? It closed −0.03% from its NAV on Oct 22, 2026. On 95% of the 10 days to then it was within ±0.30%, and it closed more than 1% from NAV on 0 of them. Who is the AP for MOTG? MOTG’s latest Form N-CEN, for the period ending Sep 30, 2025, lists 37 authorized participants (APs), and 0 created or redeemed shares. Who is the LMM for MOTG? MOTG’s lead market maker (LMM) on Cboe BZX is Jane Street Capital, LLC. Lead market maker per Cboe BZX, as of Oct 23, 2026. ### Sources and dates - Premium: ETFIQ, close against the issuer’s NAV, Oct 9, 2026 to Oct 22, 2026. - Capacity: ETFIQ, from each holding’s 20-day median dollar volume, to Oct 22, 2026. - Dealers: Form N-CEN, the year to Sep 30, 2025, accession 0001410368-25-033784. ### 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 --- Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices. Cite: ETFIQ, MOTG trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/motg/trading/ Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms. HTML: https://etfiq.com/funds/motg/trading/