Traders Buy Large Volume of United States Brent Oil Fund Call Options (NYSEARCA:BNO)

United States Brent Oil Fund LP (NYSEARCA:BNO) was the target of some unusual options trading on Monday. Stock investors acquired 27,523 call options on the company. This is an increase of 56% compared to the typical volume of 17,654 call options.

Trending Headlines about United States Brent Oil Fund

Here are the key news stories impacting United States Brent Oil Fund this week:

• Positive Sentiment: Brent and WTI crude rose after fresh U.S.-Iran attacks, which increased the market’s risk premium and supported oil-linked assets like BNO. Oil prices rise after fresh wave of attacks between U.S. and Iran
• Positive Sentiment: Israel’s expanded military action in Lebanon added to fears of broader regional disruption, helping push oil prices higher. Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes
• Positive Sentiment: Reports of few signs that the Strait of Hormuz will reopen quickly are keeping supply concerns elevated, which is supportive for Brent prices. Oil Rises Amid Few Signs of Strait of Hormuz’s Reopening
• Positive Sentiment: Falling U.S. gasoline inventories suggest strong demand and tightening product markets, which can reinforce the bullish tone across the oil complex. U.S. Gasoline Inventories Are Falling At A Record Pace
• Neutral Sentiment: Some traders are watching whether OPEC+ will adjust output and whether demand holds up, but this is more of a medium-term catalyst than an immediate driver. Oil News: Weekly Oil Outlook Hinges on OPEC Cuts and Demand Recovery
• Neutral Sentiment: Broader U.S. stock futures were resilient despite the oil spike, suggesting the move is being treated primarily as an energy-market story rather than a marketwide risk-off event. U.S. Stock Futures Rise Even as Oil Jumps on Fresh U.S.-Iran Hostilities

United States Brent Oil Fund Trading Up 5.6%

Shares of BNO traded up $2.84 during trading hours on Monday, hitting $53.43. The company had a trading volume of 3,167,325 shares, compared to its average volume of 4,439,789. United States Brent Oil Fund has a one year low of $27.14 and a one year high of $60.81. The company’s fifty day moving average price is $52.64 and its two-hundred day moving average price is $39.33.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd grew its stake in United States Brent Oil Fund by 35.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 337,192 shares of the company’s stock worth $9,549,000 after buying an additional 88,905 shares during the last quarter. Jump Financial LLC purchased a new position in United States Brent Oil Fund during the 3rd quarter worth $4,303,000. Ruffer LLP purchased a new position in United States Brent Oil Fund during the 4th quarter worth $3,019,000. Virtu Financial LLC purchased a new position in United States Brent Oil Fund during the 3rd quarter worth $2,865,000. Finally, Daiwa Securities Group Inc. grew its stake in United States Brent Oil Fund by 12.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 78,000 shares of the company’s stock worth $2,209,000 after buying an additional 8,700 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.