United States Brent Oil Fund (NYSEARCA:BNO) Stock Price Up 2.4% – What’s Next?

United States Brent Oil Fund LP (NYSEARCA:BNO)’s stock price was up 2.4% during trading on Wednesday . The stock traded as high as $28.90 and last traded at $28.83. Approximately 435,425 shares traded hands during trading, a decline of 21% from the average daily volume of 553,751 shares. The stock had previously closed at $28.16.

United States Brent Oil Fund Stock Down 1.5 %

The business’s 50-day moving average is $29.35 and its two-hundred day moving average is $30.60.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in United States Brent Oil Fund in the first quarter valued at $48,000. International Assets Investment Management LLC grew its holdings in shares of United States Brent Oil Fund by 2,731.0% during the third 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. Avidian Wealth Solutions LLC acquired a new position in United States Brent Oil Fund in the 1st quarter valued at about $223,000. Fifth Third Bancorp raised its stake in United States Brent Oil Fund by 41.0% during the 2nd quarter. Fifth Third Bancorp now owns 14,100 shares of the company’s stock valued at $453,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Ignite Planners LLC acquired a new stake in United States Brent Oil Fund during the 3rd quarter worth approximately $515,000.

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.