United States Brent Oil Fund LP (NYSEARCA:BNO – Get Free Report)’s share price shot up 3.8% during mid-day trading on Monday . The stock 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 Price Performance
The company has a fifty day simple moving average of $29.59 and a 200-day simple moving average of $30.92.
Institutional Trading of United States Brent Oil Fund
A number of hedge funds have recently bought and sold shares of BNO. Headlands Technologies LLC acquired a new stake in shares of United States Brent Oil Fund in the first quarter worth $48,000. Avidian Wealth Solutions LLC purchased a new stake in shares of United States Brent Oil Fund in the first quarter worth approximately $223,000. Virtu Financial LLC lifted its position in 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 worth $340,000 after buying an additional 4,008 shares in the last quarter. Fifth Third Bancorp boosted its position in United States Brent Oil Fund by 41.0% during the second quarter. Fifth Third Bancorp now owns 14,100 shares of the company’s stock valued at $453,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Ignite Planners LLC acquired a new stake in shares of United States Brent Oil Fund during the 3rd quarter valued at about $515,000.
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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