iPath Bloomberg Cocoa Subindex Total Return(SM) ETN (NIB)
iPath Bloomberg Cocoa Subindex Total Return(SM) ETN operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $36.29, up 1.65% on the session, giving a market capitalisation of $14.3M. Its beta of 0.49 implies it has historically moved less than the broad market.
This ETN tracks the Dow Jones-UBS Cocoa Subindex Total Return (SM), an index designed to mirror the potential gains available from a direct, unleveraged investment in cocoa futures contracts. Currently, this specific index is composed exclusively of a single cocoa futures contract and is also a constituent part of the broader Dow Jones-UBS Commodity Index Total Return (SM).
iPath Bloomberg Cocoa Subindex Total Return(SM) ETN is most often compared with the following Financial Services names: