Shares of United States Brent Oil Fund LP (NYSEARCA:BNO – Get Free Report) shot up 3.8% during mid-day trading on Monday . The company traded as high as $32.03 and last traded at $32.01. 835,269 shares were traded during mid-day trading, an increase of 52% from the average session volume of 547,902 shares. The stock had previously closed at $30.83.
United States Brent Oil Fund Trading Up 3.8 %
The business’s fifty day simple moving average is $29.55 and its 200 day simple moving average is $30.92.
Institutional Trading of United States Brent Oil Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in United States Brent Oil Fund during the 1st quarter worth $48,000. Avidian Wealth Solutions LLC bought a new position in shares of United States Brent Oil Fund during the 1st quarter valued at about $223,000. Virtu Financial LLC grew its position in shares of United States Brent Oil Fund by 47.4% in the 4th quarter. Virtu Financial LLC now owns 12,462 shares of the company’s stock valued at $340,000 after purchasing an additional 4,008 shares during the period. Fifth Third Bancorp increased its stake in United States Brent Oil Fund by 41.0% during the 2nd quarter. Fifth Third Bancorp now owns 14,100 shares of the company’s stock worth $453,000 after purchasing an additional 4,100 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in United States Brent Oil Fund by 340.2% during the 1st quarter. BNP Paribas Financial Markets now owns 16,447 shares of the company’s stock worth $525,000 after buying an additional 12,711 shares during the period.
United States Brent Oil Fund Company Profile
The United States Brent Oil Fund, LP (BNO) is an exchange-traded fund that is based on the Front Month Brent Crude Oil index. The fund tracks the Brent oil spot price using near-month ICE futures contracts. BNO was launched on Jun 2, 2010 and is managed by US Commodity Funds.
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