ZSB bid-ask spread and liquidity

USCF Sustainable Battery Metals Strategy Fund
CommoditiesUSCF$2m net assets0.59% fee
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As of Oct 19, 2026, ZSB closed +0.51% from its NAV, and on 95% of the 11 days to then it was within ±1.80%.

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Ask IQ about ZSB bid-ask spread and liquidity

Answers cite the figures on this page.

OverviewDividendsTradingFlowsCompare

IQ Liquidity Score

1 of 6 measured · Oct 19, 2026
·
Not scored
0 · Hard to trade100 · Trades like a giant

The IQ Liquidity Score: 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 trades, not whether to own it. Method →

One dealer
Cost to trade
Not measured · the issuer's 30-day median spread is not read for this fund
·
Capacity
Not measured · a commodity fund: its reference market has no volume source here
·
Price fidelity
Not measured · 11 days of closing premium are held, under the 20 needed
·
Primary market
1 active dealer of 8; largest 100% of creations and redemptions, N-CEN to Jun 30, 2026
25.0
Bad-day behaviour
Not measured · 0 of the 10 worst days and 11 other days are held, under the 5 and 60 needed
·
Depth
Not measured · needs trade and quote data (Phase 2)
·

Premium or discount to value

Daily, 11 days to Oct 19, 2026 · the ±1% band marked
ZSB premium or discount to NAV, 11 days+1%0−1%Oct 2, 2026Oct 19, 2026
Latest close, Oct 19
+0.51%
95% of days within
±1.80%
Days more than 1% from NAV
1 of 11
Widest
+1.80%, Oct 12, 2026

Close against the NAV its issuer struck the same day, from the issuer. Source: ETFIQ. Its holdings trade on markets that close before New York, so its closing premium carries the move since then.

Capacity

What the holdings can absorb a day

Not measured: a commodity fund: its reference market has no volume source here.

Dealers

Authorized participants · N-CEN, the year to Jun 30, 2026
Active dealers
1
of 8 authorized
Largest
100%
of creations and redemptions
One dealer
Yes
1 active

1 of 8 authorized participants created or redeemed ZSB shares in the year to Jun 30, 2026. From the fund’s Form N-CEN, filed Sep 11, 2026.

The active authorized participants, largest first, by share of the dollars created and redeemed: BofA Securities, Inc. (100.0%). 7 more were listed and created or redeemed nothing.

How to trade ZSB

To buy or to sell, up to $100,000
When
Its holdings trade on markets that close before New York, so its price can drift from their value later in the day.
Watch
The premium. On 95% of days it is within ±1.80%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.
Phase 2 · drawn now, filled when trade data arrives
Spread through the dayComing with trade data

Median spread by half hour, 30 days.

Buyers against sellersComing with trade data

Share of volume at the ask against at the bid.

Retail flow, estimatedComing with trade data

Sub-penny prints as a share of volume.

Large tradesComing with trade data

Prints above $500k, count and share.

Closing auctionComing with trade data

Share of the day’s volume at the close.

Questions people ask

Does ZSB trade at a premium or discount to NAV?

It closed +0.51% from its NAV on Oct 19, 2026. On 95% of the 11 days to then it was within ±1.80%, and it closed more than 1% from NAV on 1 of them.

Who is the AP for ZSB?

ZSB’s latest Form N-CEN, for the period ending Jun 30, 2026, lists 8 authorized participants (APs), and 1 created or redeemed shares. The only active AP was BofA Securities, Inc..

Who is the LMM for ZSB?

ZSB’s lead market maker (LMM) on NYSE Arca is Jane Street Capital, LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026.
Sources and dates
Premium to NAVETFIQ, close against the issuer’s NAV · Oct 2, 2026 to Oct 19, 2026
DealersForm N-CEN · the year to Jun 30, 2026
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →ZSB fund page→
Cite this pageCitation, APA and Markdown

ETFIQ, ZSB trading: cost, capacity, premium and dealers, data as of Oct 19, 2026. https://etfiq.com/funds/zsb/trading/

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The score measures trading conditions, not the fund. ETFIQ makes no recommendations.