Investors Buy High Volume of Call Options on United States Brent Oil Fund (NYSEARCA:BNO)

United States Brent Oil Fund LP (NYSEARCA:BNO) saw some unusual options trading activity on Monday. Stock traders acquired 19,335 call options on the stock. This represents an increase of approximately 1,563% compared to the average daily volume of 1,163 call options.

Institutional Investors Weigh In On United States Brent Oil Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its stake in shares of United States Brent Oil Fund by 2,731.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,756 shares of the company’s stock worth $135,000 after buying an additional 4,588 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of United States Brent Oil Fund by 93.9% during the third quarter. Virtu Financial LLC now owns 14,828 shares of the company’s stock worth $420,000 after acquiring an additional 7,182 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of United States Brent Oil Fund in the third quarter valued at approximately $425,000. Ignite Planners LLC bought a new position in shares of United States Brent Oil Fund during the third quarter worth approximately $515,000. Finally, Flow Traders U.S. LLC lifted its holdings in United States Brent Oil Fund by 146.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 68,710 shares of the company’s stock worth $1,945,000 after purchasing an additional 40,855 shares during the last quarter.

United States Brent Oil Fund Trading Up 1.6 %

NYSEARCA:BNO traded up $0.50 on Monday, hitting $32.72. 259,751 shares of the company’s stock were exchanged, compared to its average volume of 319,020. The firm has a 50-day moving average price of $29.53 and a 200-day moving average price of $29.97. United States Brent Oil Fund has a 52 week low of $26.76 and a 52 week high of $33.91.

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.