{"url":"https://etfiq.com/funds/socl/trading/","section":"funds","title":"SOCL Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"As of Oct 12, 2026, SOCL closed \u22120.51% from its NAV, and on 95% of the 6 days to then it was within \u00b10.51%. No fund is recommended.","as_of":"Oct 22, 2026","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/socl/trading/#data","name":"SOCL trading costs and liquidity","description":"As of Oct 12, 2026, SOCL closed \u22120.51% from its NAV, and on 95% of the 6 days to then it was within \u00b10.51%. No fund is recommended.","url":"https://etfiq.com/funds/socl/trading/","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","variableMeasured":["30-day median bid-ask spread","Premium or discount to NAV","Capacity","Active authorized participants","IQ Liquidity Score","Cost to trade by order size"],"distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/trading-score.json"}],"publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Does SOCL trade at a premium or discount to NAV?","acceptedAnswer":{"@type":"Answer","text":"It closed \u22120.51% from its NAV on Oct 12, 2026. On 95% of the 6 days to then it was within \u00b10.51%, and it closed more than 1% from NAV on 0 of them."}},{"@type":"Question","name":"Who is the AP for SOCL?","acceptedAnswer":{"@type":"Answer","text":"SOCL\u2019s latest Form N-CEN, for the period ending Oct 31, 2025, lists 22 authorized participants (APs), and 8 created or redeemed shares. The largest were Mizuho Securities USA LLC (29.7%), Jane Street Capital, LLC (27.4%), J.P. Morgan Securities LLC (14.4%) of the dollars its APs created and redeemed."}},{"@type":"Question","name":"Who is the LMM for SOCL?","acceptedAnswer":{"@type":"Answer","text":"SOCL\u2019s lead market maker (LMM) on Nasdaq is Virtu Americas LLC. Lead market maker per Nasdaq, as of Oct 23, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/socl#fund","name":"Global X Social Media ETF","alternateName":"SOCL","url":"https://etfiq.com/funds/socl","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"SOCL"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/socl#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"SOCL","item":"https://etfiq.com/funds/socl"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/socl/trading/"}]},{"@type":"WebPage","name":"SOCL Bid-Ask Spread, Liquidity and NAV Premium","description":"As of Oct 12, 2026, SOCL closed \u22120.51% from its NAV, and on 95% of the 6 days to then it was within \u00b10.51%. No fund is recommended.","url":"https://etfiq.com/funds/socl/trading/","dateModified":"2026-10-22","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4737,"truncated":false,"content":"ETFIQ / SOCL / Trading \n \n As of Oct 22, 2026. Rebuilt every trading night.\n SOCL bid-ask spread and liquidity\n As of Oct 12, 2026, SOCL closed \u22120.51% from its NAV, and on 95% of the 6 days to then it was within \u00b10.51%.\n IQ Liquidity Score\n Not scored, 1 of 6 measured.\n 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 \n Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Holdings can absorb up to $124m a day; part of the book has no volume figure Price fidelity Not measured: 6 days of closing premium are held, under the 20 needed Primary market, 85.0 8 active dealers of 22; largest 30% of creations and redemptions, N-CEN to Oct 31, 2025 Bad-day behaviour Not measured: 0 of the 10 worst days and 6 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2) \n Premium or discount to NAV\n Latest close, Oct 12, 2026: \u22120.51%\n 95% of days within: \u00b10.51%\n Days more than 1% from NAV: 0 of 6\n Widest: \u22120.51%, Oct 12, 2026\n Close against the NAV its issuer struck the same day, 6 days from Oct 2, 2026 to Oct 12, 2026. Source: ETFIQ from the issuer\u2019s NAV and closing price. Its holdings trade on markets that close before New York, so its closing premium carries the move since then.\n Capacity\n Its holdings can absorb up to $124m a day, measured on its own holdings, as of Oct 22, 2026. The holding that sets the limit is NETEASE, INC. (NTES), 5.65% of the fund.\n Dealers\n 8 active of 22 authorized participants; the largest did 30% of creations and redemptions, in the year to Oct 31, 2025 (Form N-CEN filed Mar 12, 2026).\n The active authorized participants, largest first, by share of the dollars created and redeemed: Mizuho Securities USA LLC (29.7%), Jane Street Capital, LLC (27.4%), J.P. Morgan Securities LLC (14.4%), Goldman Sachs & Co. LLC (12.8%), BofA Securities, Inc. (8.6%), UBS Securities LLC (4.0%), Virtu Americas LLC (2.2%), Morgan Stanley & Co. LLC (1.1%). 14 more were listed and created or redeemed nothing.\n How to trade SOCL\n 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 \u00b10.51%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth. Coming with trade data\n Spread through the day, buyers against sellers, an estimate of retail flow, large trades and the closing auction\u2019s share, each once ETFIQ has trade and quote data.\n Questions people ask\n Does SOCL trade at a premium or discount to NAV? It closed \u22120.51% from its NAV on Oct 12, 2026. On 95% of the 6 days to then it was within \u00b10.51%, and it closed more than 1% from NAV on 0 of them. Who is the AP for SOCL? SOCL\u2019s latest Form N-CEN, for the period ending Oct 31, 2025, lists 22 authorized participants (APs), and 8 created or redeemed shares. The largest were Mizuho Securities USA LLC (29.7%), Jane Street Capital, LLC (27.4%), J.P. Morgan Securities LLC (14.4%) of the dollars its APs created and redeemed. Who is the LMM for SOCL? SOCL\u2019s lead market maker (LMM) on Nasdaq is Virtu Americas LLC. Lead market maker per Nasdaq, as of Oct 23, 2026. Sources and dates\n Premium: ETFIQ, close against the issuer\u2019s NAV, Oct 2, 2026 to Oct 12, 2026.\n Capacity: ETFIQ, from each holding\u2019s 20-day median dollar volume, to Oct 22, 2026.\n Dealers: Form N-CEN, the year to Oct 31, 2025, accession 0002048251-26-001907.\n Where to next\n SOCL fund page ETF trading costs and liquidity Limit orders vs market orders for ETFs Why low volume does not mean illiquid How the IQ Liquidity Score is built Compare SOCL with another fund The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, SOCL trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/socl/trading/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, SOCL trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/socl/trading/ APA ETFIQ. (Oct 22, 2026). SOCL trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/socl/trading/ Markdown [SOCL trading: cost, capacity, premium and dealers (ETFIQ, Oct 22, 2026)](https://etfiq.com/funds/socl/trading/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, SOCL trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/socl/trading/"}