# SSXU Bid-Ask Spread, Liquidity and NAV Premium > SSXU trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated. Data as of Jul 14, 2026. Rebuilt every trading night. As of Jul 14, 2026. Rebuilt every trading night. ## SSXU bid-ask spread and liquidity In the year to Apr 30, 2026, 4 of SSXU’s 10 authorized participants created or redeemed shares. ### 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 Flags: One dealer. 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) ### Capacity Not measured: 40.0% of its long weight could be measured; the largest part not measured is unresolved. ### Dealers 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). 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. ### How to trade SSXU 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. ### Where it trades In Q2 2026, odd lots were 11.1% of SSXU’s exchange volume. ### 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 Who is the AP for SSXU? SSXU’s 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’s 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 - Dealers: Form N-CEN, the year to Apr 30, 2026, accession 0001004726-26-005738. - Where it trades: SEC MIDAS, Q2 2026. ### 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, SSXU trading: cost, capacity, premium and dealers, data as of Jul 14, 2026. https://etfiq.com/funds/ssxu/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/ssxu/trading/