United States Brent Oil Fund LP (NYSEARCA:BNO – Get Free Report) shares gapped down before the market opened on Monday. The stock had previously closed at $62.22, but opened at $59.34. United States Brent Oil Fund shares last traded at $59.73, with a volume of 560,322 shares trading hands.
United States Brent Oil Fund Price Performance
The business has a 50 day simple moving average of $62.65 and a 200 day simple moving average of $50.35.
Hedge Funds Weigh In On United States Brent Oil Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BNO. CVS HEALTH Corp bought a new position in shares of United States Brent Oil Fund during the 3rd quarter valued at $3,605,000. Empowered Funds LLC acquired a new position in shares of United States Brent Oil Fund during the 1st quarter worth about $2,872,000. NewEdge Advisors LLC acquired a new position in shares of United States Brent Oil Fund during the first quarter worth approximately $1,776,000. Lombard Odier Asset Management USA Corp acquired a new position in United States Brent Oil Fund during the 1st quarter valued at $854,000. Finally, MSH Capital Advisors LLC acquired a new position in shares of United States Brent Oil Fund during the third quarter valued at about $978,000.
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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