IMC Chicago LLC Buys 120,840 Shares of United States Brent Oil Fund LP (NYSEARCA:BNO)

IMC Chicago LLC increased its stake in United States Brent Oil Fund LP (NYSEARCA:BNO) by 333.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,063 shares of the company’s stock after acquiring an additional 120,840 shares during the period. IMC Chicago LLC’s holdings in United States Brent Oil Fund were worth $5,012,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new position in United States Brent Oil Fund during the 4th quarter valued at approximately $54,000. International Assets Investment Management LLC raised its position in United States Brent Oil Fund by 2,631.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,588 shares of the company’s stock valued at $125,000 after purchasing an additional 4,420 shares during the last quarter. Daiwa Securities Group Inc. raised its position in United States Brent Oil Fund by 17.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 57,000 shares of the company’s stock valued at $1,557,000 after purchasing an additional 8,300 shares during the last quarter. National Bank of Canada FI bought a new position in United States Brent Oil Fund during the 4th quarter valued at approximately $259,000. Finally, Tower Research Capital LLC TRC bought a new position in United States Brent Oil Fund during the 4th quarter valued at approximately $42,000.

United States Brent Oil Fund Stock Down 1.1 %

Shares of NYSEARCA:BNO traded down $0.37 during trading on Tuesday, hitting $31.87. The stock had a trading volume of 191,010 shares, compared to its average volume of 554,069. United States Brent Oil Fund LP has a 12 month low of $24.34 and a 12 month high of $33.91. The firm’s fifty day moving average is $31.19 and its 200 day moving average is $30.11.

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.