{"url":"https://etfiq.com/funds/ssxu/trading/","section":"funds","title":"SSXU Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"SSXU trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","as_of":"Jul 14, 2026","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/ssxu/trading/#data","name":"SSXU trading costs and liquidity","description":"SSXU trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","url":"https://etfiq.com/funds/ssxu/trading/","dateModified":"2026-07-14","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":"Who is the AP for SSXU?","acceptedAnswer":{"@type":"Answer","text":"SSXU\u2019s latest Form N-CEN, for the period ending Apr 30, 2026, lists 10 authorized participants (APs), and 4 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (82.4%), BofA Securities, Inc. (15.7%), Virtu Americas LLC (1.1%) of the dollars its APs created and redeemed."}},{"@type":"Question","name":"Who is the LMM for SSXU?","acceptedAnswer":{"@type":"Answer","text":"SSXU\u2019s lead market maker (LMM) on NYSE Arca is GTS Securities LLC. Lead market maker per NYSE Arca, as of Nov 1, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/ssxu#fund","name":"Day Hagan Smart Sector International ETF","alternateName":"SSXU","url":"https://etfiq.com/funds/ssxu","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"SSXU"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/ssxu#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"SSXU","item":"https://etfiq.com/funds/ssxu"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/ssxu/trading/"}]},{"@type":"WebPage","name":"SSXU Bid-Ask Spread, Liquidity and NAV Premium","description":"SSXU trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","url":"https://etfiq.com/funds/ssxu/trading/","dateModified":"2026-07-14","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3672,"truncated":false,"content":"ETFIQ / SSXU / Trading \n \n As of Jul 14, 2026. Rebuilt every trading night.\n SSXU bid-ask spread and liquidity\n In the year to Apr 30, 2026, 4 of SSXU\u2019s 10 authorized participants created or redeemed shares.\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 Flags: One dealer.\n Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Not measured: 40.0% of its long weight could be measured; the largest part not measured is unresolved Price fidelity Not measured: no closing premium is held for this fund Primary market, 50.0 4 active dealers of 10; largest 82% of creations and redemptions, N-CEN to Apr 30, 2026 Bad-day behaviour Not measured: no daily closing premium is held for this fund Depth Not measured: needs trade and quote data (Phase 2) \n Capacity\n Not measured: 40.0% of its long weight could be measured; the largest part not measured is unresolved.\n Dealers\n 4 active of 10 authorized participants; the largest did 82% of creations and redemptions, in the year to Apr 30, 2026 (Form N-CEN filed Jul 14, 2026).\n The active authorized participants, largest first, by share of the dollars created and redeemed: Goldman Sachs & Co. LLC (82.4%), BofA Securities, Inc. (15.7%), Virtu Americas LLC (1.1%), J.P. Morgan Securities LLC (0.7%). 6 more were listed and created or redeemed nothing.\n How to trade SSXU\n When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund\u2019s own day once it has trade data. Where it trades\n In Q2 2026, odd lots were 11.1% of SSXU\u2019s exchange volume.\n 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 Who is the AP for SSXU? SSXU\u2019s latest Form N-CEN, for the period ending Apr 30, 2026, lists 10 authorized participants (APs), and 4 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (82.4%), BofA Securities, Inc. (15.7%), Virtu Americas LLC (1.1%) of the dollars its APs created and redeemed. Who is the LMM for SSXU? SSXU\u2019s lead market maker (LMM) on NYSE Arca is GTS Securities LLC. Lead market maker per NYSE Arca, as of Nov 1, 2026. Sources and dates\n Dealers: Form N-CEN, the year to Apr 30, 2026, accession 0001004726-26-005738.\n Where it trades: SEC MIDAS, Q2 2026.\n Where to next\n SSXU 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 SSXU 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, SSXU trading: cost, capacity, premium and dealers, data as of Jul 14, 2026. https://etfiq.com/funds/ssxu/trading/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, SSXU trading: cost, capacity, premium and dealers, data as of Jul 14, 2026. https://etfiq.com/funds/ssxu/trading/ APA ETFIQ. (Jul 14, 2026). SSXU trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/ssxu/trading/ Markdown [SSXU trading: cost, capacity, premium and dealers (ETFIQ, Jul 14, 2026)](https://etfiq.com/funds/ssxu/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":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, SSXU trading: cost, capacity, premium and dealers, data as of Jul 14, 2026. https://etfiq.com/funds/ssxu/trading/"}