United States Brent Oil Fund LP (NYSEARCA:BNO – Get Free Report)’s share price was down 2.4% during mid-day trading on Monday . The stock traded as low as $29.38 and last traded at $29.45. Approximately 950,955 shares changed hands during mid-day trading, an increase of 146% from the average daily volume of 386,821 shares. The stock had previously closed at $30.16.
United States Brent Oil Fund Stock Down 2.4 %
The firm has a fifty day moving average of $30.97 and a 200-day moving average of $29.90.
Hedge Funds Weigh In On United States Brent Oil Fund
Several hedge funds have recently added to or reduced their stakes in BNO. International Assets Investment Management LLC lifted its stake in United States Brent Oil Fund by 2,731.0% in the third quarter. International Assets Investment Management LLC now owns 4,756 shares of the company’s stock valued at $135,000 after buying an additional 4,588 shares during the period. Daiwa Securities Group Inc. lifted its stake in United States Brent Oil Fund by 8.3% in the third quarter. Daiwa Securities Group Inc. now owns 70,100 shares of the company’s stock valued at $1,985,000 after buying an additional 5,400 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in United States Brent Oil Fund by 16.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 111,000 shares of the company’s stock valued at $3,142,000 after buying an additional 15,371 shares during the period. BNP Paribas Financial Markets acquired a new position in United States Brent Oil Fund in the third quarter valued at about $425,000. Finally, Flow Traders U.S. LLC lifted its stake in United States Brent Oil Fund by 146.7% in the third quarter. Flow Traders U.S. LLC now owns 68,710 shares of the company’s stock valued at $1,945,000 after buying an additional 40,855 shares during the period.
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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