Virtu Financial LLC lessened its position in shares of United States Brent Oil Fund LP (NYSEARCA:BNO – Free Report) by 68.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,652 shares of the company’s stock after selling 65,700 shares during the quarter. Virtu Financial LLC owned 0.73% of United States Brent Oil Fund worth $840,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in BNO. Daiwa Securities Group Inc. raised its stake in shares of United States Brent Oil Fund by 6.6% in the second quarter. Daiwa Securities Group Inc. now owns 71,300 shares of the company’s stock worth $2,081,000 after purchasing an additional 4,400 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in United States Brent Oil Fund by 60.7% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,654 shares of the company’s stock valued at $194,000 after buying an additional 2,514 shares during the last quarter. Headlands Technologies LLC boosted its position in United States Brent Oil Fund by 389.5% in the second quarter. Headlands Technologies LLC now owns 9,834 shares of the company’s stock valued at $287,000 after buying an additional 7,825 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in United States Brent Oil Fund by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,896 shares of the company’s stock worth $628,000 after buying an additional 1,378 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in United States Brent Oil Fund by 17.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,530 shares of the company’s stock worth $587,000 after buying an additional 2,893 shares during the period.
United States Brent Oil Fund Price Performance
BNO opened at $43.88 on Monday. United States Brent Oil Fund LP has a 12-month low of $27.14 and a 12-month high of $60.81. The firm has a 50 day moving average of $51.85 and a two-hundred day moving average of $41.44.
United States Brent Oil Fund News Summary
- Negative Sentiment: Oil prices have fallen as tanker traffic begins to recover through the Strait of Hormuz, raising expectations that stranded Middle East supply will re-enter global markets and put further pressure on Brent. Oil falls as supply starts moving through Strait of Hormuz
- Negative Sentiment: Several reports say the shutdown-related risk premium has largely faded, with traders now focused on softer demand and the prospect of a wave of additional supply, which is bearish for oil-linked funds like BNO. Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook
- Negative Sentiment: Additional headlines point to Iran shipping millions of barrels and China cutting imports, reinforcing the view that Brent prices could remain under pressure from weaker demand and rising supply. Why oil isn’t spiking: Iran ships 20 million barrels while China slashes imports
- Neutral Sentiment: Some analysts note that it may take weeks or even months for oil flows and regional logistics to normalize, which could limit how quickly prices fall, even though the near-term direction remains softer. Oil flows through Hormuz will take time to recover, banks say
- Neutral Sentiment: OPEC continued to project robust long-term oil demand growth, but that longer-dated outlook is being overshadowed today by the immediate supply repricing around Hormuz. OPEC sticks to robust oil demand outlook, sees no peak to 2050
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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