NIB

iPath Bloomberg Cocoa Subindex Total Return ETN
CLOSING PRICECHANGE (%)VOLUME
$26.26-0.57 (-2.12%)140.16K
3:58:00 p.m. (ET) 03/28/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
---- (--)
BID SIZEBID ($)ASK ($)ASK SIZE
--------

Overall Rating

C

96
as of 03/28/17

Rating Details

72
96
96
Segment Average
  • Overview
  • Efficiency
  • Tradability
  • Fit

NIB Fund Description

The iPath Bloomberg Cocoa Subindex Total Return ETN tracks a single front-month cocoa futures contract.

NIB FactSet Analytics Insight

NIB is the most liquid choice in the cocoaNIB is the most liquid choice in the cocoa segment segment, which is perhaps damning the note with faint praise. Although only around $250K worth of NIB changes hands most days, that figure is still 5x the volume attracted by its lone competitor, CHOC. NIB is also the cheaper option, charging 75 bps annually. Its strategy is very simple: NIB holds the front-month futures contract until two weeks prior to expiration, at which point it rolls into the next month's cocoa contract. This is as close an approximation as one can get to spot cocoa prices in the ETF wrapper, although the omnipresent threat of contango could erode returns the sharper the curve gets. Currently, the cocoa futures market is slightly backwardated, but should the curve return to contango, the performance difference between NIB and spot cocoa will widen.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:

NIB Top 10 Contracts

NIB Summary Data

06/24/08
Exchange-Traded Note
0.70%
$57.86 M
$3.36 M
0.14%

NIB Portfolio Data

Futures
Front Month
Annually
1

NIB Index Data

Bloomberg Cocoa Subindex Total Return
Single Asset
Single Asset
S&P GSCI Cocoa

Related ETFs to NIB

CHOC
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

NIB Portfolio Management

0.70%
-1.35%
-0.27%
-2.85%

NIB Tax Exposures

20.00% / 39.60%
--
No

NIB Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
Low
None
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
----
----
----
----
BIDS----
----
----
----
----
LAST 10 TRADES
TIMEPRICESHARES
15:57:4026.26200
15:48:1426.25100
15:45:3226.21128
15:45:3226.21100
15:45:3226.21100
15:45:3226.21100
15:41:2826.27200
15:41:2326.27100
15:41:2326.27100
14:16:5026.27100
Bats BZX Real-time Quote - 18:56:17
Average Spread
Premium/Discount
Volume

NIB FactSet Analytics Block Liquidity

As of 03/28/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of NIB. NIB is rated a 5 out of 5.

NIB Tradability

134,230
$3.36 M
110,700
$2.73 M
0.14%
$0.04
0.01%
2.09% / -1.07%
None
100.00%
30,000
3.69
0%
--
3,666
$26.83
5

NIB Performance Statistics

1.00
1.05
1.04
1.05
0.00%