# QQQT Bid-Ask Spread, Liquidity and NAV Premium

> As of Nov 11, 2026, QQQT closed +0.06% from its NAV, and on 95% of the 29 days to then it was within ±0.44%. No fund is recommended.

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

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

## QQQT bid-ask spread and liquidity

As of Nov 11, 2026, QQQT closed +0.06% from its NAV, and on 95% of the 29 days to then it was within ±0.44%.

### 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

Flags: One dealer.

Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity, 100.0 Holdings can absorb $2.9bn a day, Nov 11, 2026 Price fidelity, 74.2 95% of days within ±0.44% of NAV, 29 days to Nov 11, 2026 Primary market, 30.0 2 active dealers of 2; largest 92% of creations and redemptions, N-CEN to Aug 31, 2024 Bad-day behaviour Not measured: 2 of the 10 worst days and 27 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, Nov 11, 2026: +0.06%

- 95% of days within: ±0.44%

- Days more than 1% from NAV: 0 of 29

- Widest: +0.72%, Oct 30, 2026

Close against the NAV its issuer struck the same day, 29 days from Sep 11, 2026 to Nov 11, 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 $2.9bn a day, measured on its own holdings, as of Nov 11, 2026. The holding that sets the limit is Invesco Qqq Trust Series 1 (QQQ), 99.70% of the fund.

### Dealers

2 active of 2 authorized participants; the largest did 92% of creations and redemptions, in the year to Aug 31, 2024 (Form N-CEN filed Nov 14, 2024).

The active authorized participants, largest first, by share of the dollars created and redeemed: Goldman Sachs & Co. LLC (92.2%), Merrill Lynch Professional Clearing Corp. (7.8%).

### How to trade QQQT

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 $29m 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 ±0.44%; 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 QQQT paid $6.17 one way on $10,000, against $11 at the quote. 78% of shares filled better than the quote.

| Orders | One way on $10,000 |
| --- | --- |
| All wholesalers read | $6.17 |
| Fidelity customers | $1.81 |
| Schwab customers | $8.17 |
| Robinhood customers | $8.81 |

| Month | One way on $10,000 |
| --- | --- |
| Aug 2025 (old format) | $5.49 |
| Sep 2025 (old format) | $4.22 |
| Oct 2025 (old format) | $4.07 |
| Nov 2025 (old format) | $4.07 |
| Dec 2025 (old format) | $1.70 |
| Jan 2026 (old format) | $2.21 |
| Feb 2026 (old format) | $2.18 |
| Mar 2026 (old format) | $2.00 |
| Apr 2026 (old format) | $2.31 |
| May 2026 (old format) | $2.70 |
| Jun 2026 (old format) | $2.65 |
| Jul 2026 (old format) | $2.62 |
| Aug 2026 | $4.67 |
| Sep 2026 | $6.17 |

QQQT ranked 2331st of 4,090 ETFs by retail order activity in Sep 2026, an ETFIQ estimate. It drew 0.0008% of the market-order dollars in 4 retail brokers’ reports. Retail activity ranking

### Where it trades

In Q2 2026, 73% of QQQT’s shares traded off exchange on the median day. Odd lots, under 100 shares, were 9.3% 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

Does QQQT trade at a premium or discount to NAV? It closed +0.06% from its NAV on Nov 11, 2026. On 95% of the 29 days to then it was within ±0.44%, and it closed more than 1% from NAV on 0 of them. Who is the AP for QQQT? QQQT’s latest Form N-CEN, for the period ending Aug 31, 2024, lists 2 authorized participants (APs), and 2 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (92.2%), Merrill Lynch Professional Clearing Corp. (7.8%) of the dollars its APs created and redeemed. Who is the LMM for QQQT? QQQT’s lead market maker (LMM) on Nasdaq is Old Mission Capital LLC. Lead market maker per Nasdaq, as of Nov 9, 2026.

### Sources and dates

- Premium: ETFIQ, close against the issuer’s NAV, Sep 11, 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 Aug 31, 2024, accession 0001145549-24-069224.

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