United States Brent Oil Fund LP (NYSEARCA:BNO – Get Free Report)’s stock price rose 2.4% during mid-day trading on Wednesday . The stock traded as high as $28.90 and last traded at $28.83. Approximately 435,425 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 553,751 shares. The stock had previously closed at $28.16.
United States Brent Oil Fund Stock Up 2.4 %
The stock has a 50 day simple moving average of $29.35 and a 200 day simple moving average of $30.61.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. lifted its holdings in shares of United States Brent Oil Fund by 1.6% in the first quarter. Daiwa Securities Group Inc. now owns 57,900 shares of the company’s stock valued at $1,848,000 after purchasing an additional 900 shares in the last quarter. Headlands Technologies LLC bought a new position in United States Brent Oil Fund during the 1st quarter valued at $48,000. Fifth Third Bancorp lifted 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 valued at $453,000 after acquiring an additional 4,100 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in United States Brent Oil Fund by 2,731.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,756 shares of the company’s stock worth $135,000 after acquiring an additional 4,588 shares during the last quarter. Finally, Avidian Wealth Solutions LLC bought a new stake in shares of United States Brent Oil Fund in the 1st quarter worth $223,000.
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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