Aren’t these types of ETFs dangerous on the basis of being not all that liquid and having a rather wide spread between bid and asked prices?
For all ETF’s the range of trading charcterististics are as Follows on Fidelity(Reference to Rersearch/screener/ETF)
AS OF 06/24/2022 AS OF 06/24/2022 AS OF 06/24/2022 AS OF 06/24/2022
**Median** **Net Assets Volume** **Market Price**
**Bid/Ask** **(90 Day Average)**
**Spread**
**(30 Day)**
**Very High Very High Very High Very High**
(1.21% and above) ($941.54M and above) (285.45K and above) ($51.69 and above)
25out of 29 575out of 592 486out of 564 530out of 559
**High High High High**
(0.80% — 1.21%) ($198.72M — $941.54M) (53.80K — 285.45K) ($35.19 — $51.69)
42out of 46 530out of 574 512out of 553 533out of 565
**Medium Medium Medium Medium**
(0.51% — 0.80%) ($57.64M — $198.72M) (15.45K — 53.80K) ($25.51 — $35.19)
124out of 137 532out of 576 505out of 552 532out of 586
**Low Low Low Low**
(0.24% — 0.51%) ($16.02M — $57.64M) (4.04K — 15.45K) ($20.58 — $25.51)
461out of 501 504out of 575 516out of 550 596out of 628
**Very Low Very Low Very Low Very Low**
(0 — 0.24%) (0 — $16.02M) (0 — 4.04K) (0 — $20.58)
1246out of 1375 498out of 560 502out of 536 462out of 556
**Market Median: 0.16% Market Median: $111.18M Market Median: 28.51K Market Median: $29.25**
GD_