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. Currently, 9.9% of the company’s stock are short sold. Based on an average daily volume of 2,027,885 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Ball & Co Wealth Management Inc. acquired a new stake in shares of United States Brent Oil Fund during the 1st quarter worth about $56,000. JPMorgan Chase & Co. boosted its holdings in United States Brent Oil Fund by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 20,896 shares of the company’s stock valued at $628,000 after purchasing an additional 1,378 shares in the last quarter. Royal Bank of Canada increased its stake in United States Brent Oil Fund by 49.3% in the first quarter. Royal Bank of Canada now owns 5,974 shares of the company’s stock valued at $310,000 after purchasing an additional 1,974 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in United States Brent Oil Fund by 60.7% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,654 shares of the company’s stock worth $194,000 after purchasing an additional 2,514 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in United States Brent Oil Fund by 17.4% during the third quarter. BNP Paribas Financial Markets now owns 19,530 shares of the company’s stock worth $587,000 after purchasing an additional 2,893 shares in the last quarter.

United States Brent Oil Fund Stock Performance

NYSEARCA:BNO traded up $0.17 during trading hours on Tuesday, hitting $52.14. The company’s stock had a trading volume of 2,147,581 shares, compared to its average volume of 3,696,118. The stock has a fifty day moving average of $46.31 and a 200-day moving average of $46.42. United States Brent Oil Fund has a 52-week low of $27.14 and a 52-week high of $60.81.

Key Stories Impacting United States Brent Oil Fund

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

• Positive Sentiment: Oil prices climbed as hopes for a U.S.-Iran peace agreement faded. Iran indicated a more aggressive stance, while the U.S. declined to extend a ceasefire, increasing concerns about disruptions to crude production and exports. Oil climbs as fading US-Iran peace hopes raise supply risks
• Positive Sentiment: Shipping risks in the Strait of Hormuz remain elevated, supporting WTI and Brent as tanker traffic slows and traders price in the possibility of prolonged supply disruptions. Natural Gas and Oil Forecast: Hormuz Risks Support Crude as U.S. Gas Supply Stays Ample
• Positive Sentiment: Analysts cited the potential for crude to consolidate in a roughly $90-to-$110 range if the U.S.-Iran conflict persists, reinforcing the bullish case for Brent-linked funds but also highlighting elevated volatility. $90 to $110 Oil to Hit Market? David McAlvany’s Bull Case for Crude
• Neutral Sentiment: Crude continues to react sharply to Middle East headlines while elevated interest rates weigh on broader markets. This environment supports oil prices but may increase volatility in BNO and other commodity investments. Crude Oil Price Forecast – WTI and Brent Chop as Strait of Hormuz Standoff Continues
• Negative Sentiment: Guyana said it is now entitled to nearly 40% of production from a major ExxonMobil-led offshore oil project. If the higher national share leads to increased output or exports, it could add supply to the global market and modestly temper crude prices, although the announcement does not immediately change production volumes. Guyana now entitled to nearly 40% of production from oil block, president says

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.