United States Brent Oil Fund LP (NYSEARCA:BNO) Short Interest Update

United States Brent Oil Fund LP (NYSEARCA:BNO) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,820,723 shares, an increase of 48.4% from the July 15th total of 1,226,716 shares. Approximately 9.9% of the company’s stock are sold short. Based on an average daily trading volume, of 2,027,885 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of United States Brent Oil Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC purchased a new position in shares of United States Brent Oil Fund during the third quarter valued at approximately $4,303,000. Ruffer LLP purchased a new stake in United States Brent Oil Fund in the fourth quarter worth approximately $3,019,000. Virtu Financial LLC purchased a new stake in United States Brent Oil Fund in the third quarter worth approximately $2,865,000. Harvest Fund Management Co. Ltd grew its position in United States Brent Oil Fund by 35.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 337,192 shares of the company’s stock worth $9,549,000 after purchasing an additional 88,905 shares during the period. Finally, Empowered Funds LLC bought a new stake in United States Brent Oil Fund in the 1st quarter worth approximately $2,872,000.

United States Brent Oil Fund Price Performance

Shares of BNO traded up $0.75 on Wednesday, hitting $52.86. 663,194 shares of the stock traded hands, compared to its average volume of 3,679,259. The business has a 50 day simple moving average of $46.34 and a 200 day simple moving average of $46.56. United States Brent Oil Fund has a one year low of $27.14 and a one year high of $60.81.

United States Brent Oil Fund News Summary

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

• Positive Sentiment: Uncertainty over whether the Strait of Hormuz is fully open to shipping has supported oil prices for a fourth consecutive session. Conflicting statements from Tehran and Washington are keeping markets focused on the risk of disrupted exports through the key transit route. Oil edges up on uncertainty over exports through Hormuz
• Positive Sentiment: Russian crude exports from western ports are running about 15% below the original loading plan, at roughly 2.3 million barrels per day, because of disruptions at Novorossiysk on the Black Sea. Lower near-term supply could provide additional support for Brent prices. Oil exports from Russia’s western ports drop 15% below plan
• Positive Sentiment: Deteriorating prospects for a U.S.-Iran peace agreement and heightened military tensions are increasing concerns about Middle East energy supplies. Analysts say crude could remain volatile and potentially trade in a higher range if disruptions persist. Oil climbs as fading US-Iran peace hopes raise supply risks
• Neutral Sentiment: WTI and Brent are holding technical support, but analysts expect the next major move to depend more on Hormuz developments and physical supply news than on chart patterns. Crude Oil Price Analysis: Key Resistance Levels in Focus Amid Supply Risks
• Negative Sentiment: U.S. commercial crude inventories increased by 4.4 million barrels last week, marking a third consecutive weekly build. Rising domestic stockpiles suggest ample supply and could limit or reverse oil-price gains if the trend continues. U.S. Crude Oil Stockpiles Post Weekly Increase

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.