# MSOX Bid-Ask Spread, Liquidity and NAV Premium

> As of Nov 11, 2026, MSOX’s median bid-ask spread over 30 days was 0.52%. A $10,000 order costs at least $26 one way.

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

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

## MSOX bid-ask spread and liquidity

As of Nov 11, 2026, MSOX’s median bid-ask spread over 30 days was 0.52%.

### IQ Liquidity Score

Not scored, 3 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, 29.0 0.52% median spread, 30 days to Nov 11, 2026 Capacity, 0.0 Holdings can absorb $60,056 a day, Nov 11, 2026 Price fidelity Not measured: 3 days of closing premium are held, under the 20 needed Primary market, 65.0 4 active dealers of 23; largest 46% of creations and redemptions, N-CEN to Jun 30, 2026 Bad-day behaviour Not measured: 0 of the 10 worst days and 3 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 | $2.63 | 0.26% | tick floor |
| $10,000 | $26 | 0.26% | tick floor |
| $100,000 | $15,670 | 15.67% | estimate |
| $1,000,000 | $489,834 | 48.98% | estimate |

### Premium or discount to NAV

- Latest close, Nov 11, 2026: +1.60%

- 95% of days within: ±2.12%

- Days more than 1% from NAV: 3 of 3

- Widest: −2.12%, Nov 10, 2026

Close against the NAV its issuer struck the same day, 3 days from Nov 9, 2026 to Nov 11, 2026. Source: ETFIQ from the issuer’s NAV and closing price.

### Capacity

Its holdings can absorb $60,056 a day, measured on the holdings of MSOS, the asset its multiple is on, divided by its multiple of 2, as of Nov 11, 2026. The holding that sets the limit is TERRASCEND CORP (TSNDF), 2.70% of the fund.

### Dealers

4 active of 23 authorized participants; the largest did 46% of creations and redemptions, in the year to Jun 30, 2026 (Form N-CEN filed Sep 10, 2026).

The active authorized participants, largest first, by share of the dollars created and redeemed: Virtu Americas LLC (46.4%), Goldman Sachs & Co. LLC (23.1%), Jane Street Capital, LLC (17.6%), Mirae Asset Securities (USA) Inc. (12.9%). 19 more were listed and created or redeemed nothing.

### How to trade MSOX

Order type Limit: midpoint + 1¢ to buy, midpoint − 1¢ to sell. At the Nov 11 close of $1.90, that’s $1.91 to buy and $1.89 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 $601 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 ±2.12%; 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 MSOX paid $22 one way on $10,000, against $18 at the quote. 68% of shares filled better than the quote.

| Orders | One way on $10,000 |
| --- | --- |
| All wholesalers read | $22 |
| Schwab customers | $15 |
| Robinhood customers | $32 |
| Fidelity customers | $38 |

MSOX ranked 689th of 4,090 ETFs by retail order activity in Sep 2026, an ETFIQ estimate. It drew 0.01% of the market-order dollars in 3 retail brokers’ reports. Retail activity ranking

### Where it trades

In Q2 2026, 68% of MSOX’s shares traded off exchange on the median day. Odd lots, under 100 shares, were 2.9% of its exchange volume.

### 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 MSOX’s bid-ask spread? 0.52% of the midpoint, the median over the 30 days to Nov 11, 2026, as its issuer states it. Half of it is about 1¢ a share at the Nov 11 close. Does MSOX trade at a premium or discount to NAV? It closed +1.60% from its NAV on Nov 11, 2026. On 95% of the 3 days to then it was within ±2.12%, and it closed more than 1% from NAV on 3 of them. Who is the AP for MSOX? MSOX’s latest Form N-CEN, for the period ending Jun 30, 2026, lists 23 authorized participants (APs), and 4 created or redeemed shares. The largest were Virtu Americas LLC (46.4%), Goldman Sachs & Co. LLC (23.1%), Jane Street Capital, LLC (17.6%) of the dollars its APs created and redeemed. Who is the LMM for MSOX? MSOX’s lead market maker (LMM) on NYSE Arca is Virtu Americas LLC. Lead market maker per NYSE Arca, as of Nov 9, 2026. What does it cost to trade $10,000 of MSOX? At least $26 one way, 0.26%: half a one-cent tick, since its issuer prints its 30-day median spread as 0.52%. In and out costs twice that. How do I place a limit order for MSOX? Set the limit at the midpoint + 1¢ to buy, or the midpoint − 1¢ to sell, in your broker’s quote. At the Nov 11 close of $1.90, that’s $1.91 to buy and $1.89 to sell.

### Sources and dates

- Spread: AdvisorShares (fund page), 30 days to Nov 11, 2026 ( the issuer’s page ).

- Premium: ETFIQ, close against the issuer’s NAV, Nov 9, 2026 to Nov 11, 2026.

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

- Dealers: Form N-CEN, the year to Jun 30, 2026, accession 0000940400-26-036367.

- 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 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, MSOX trading: cost, capacity, premium and dealers, data as of Nov 11, 2026. https://etfiq.com/funds/msox/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/msox/trading/