United States Brent Oil Fund LP (NYSEARCA:BNO – Get Free Report)’s share price was up 2.4% on Wednesday . The company traded as high as $28.90 and last traded at $28.83. Approximately 435,425 shares traded hands during 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 company’s 50 day simple moving average is $29.35 and its 200-day simple moving average is $30.61.
Hedge Funds Weigh In On United States Brent Oil Fund
Institutional investors have recently added to or reduced their stakes in the business. Ignite Planners LLC purchased a new position in United States Brent Oil Fund in the 3rd quarter worth approximately $515,000. BNP Paribas Financial Markets grew its position in United States Brent Oil Fund by 340.2% in the first quarter. BNP Paribas Financial Markets now owns 16,447 shares of the company’s stock worth $525,000 after acquiring an additional 12,711 shares in the last quarter. Avidian Wealth Solutions LLC bought a new position in United States Brent Oil Fund during the first quarter valued at approximately $223,000. Daiwa Securities Group Inc. boosted its stake in shares of United States Brent Oil Fund by 11.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 64,700 shares of the company’s stock valued at $2,080,000 after purchasing an additional 6,800 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of 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 valued at $135,000 after purchasing an additional 4,588 shares during the last quarter.
About United States Brent Oil Fund
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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