Virtu Financial LLC Lowers Holdings in United States Brent Oil Fund LP $BNO

Virtu Financial LLC reduced its stake in shares of United States Brent Oil Fund LP (NYSEARCA:BNO) by 68.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 29,652 shares of the company’s stock after selling 65,700 shares during the quarter. Virtu Financial LLC’s holdings in United States Brent Oil Fund were worth $840,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC acquired a new position in shares of United States Brent Oil Fund in the 4th quarter valued at about $149,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew 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 acquiring an additional 2,514 shares during the period. Headlands Technologies LLC raised its position in United States Brent Oil Fund by 389.5% during the second quarter. Headlands Technologies LLC now owns 9,834 shares of the company’s stock valued at $287,000 after acquiring an additional 7,825 shares in the last quarter. BNP Paribas Financial Markets raised its position 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 valued at $587,000 after acquiring an additional 2,893 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in United States Brent Oil Fund by 7.1% during the third quarter. JPMorgan Chase & Co. now owns 20,896 shares of the company’s stock valued at $628,000 after acquiring an additional 1,378 shares in the last quarter.

United States Brent Oil Fund Price Performance

Shares of NYSEARCA:BNO opened at $43.88 on Monday. United States Brent Oil Fund LP has a 12-month low of $27.14 and a 12-month high of $60.81. The business has a 50 day moving average of $51.85 and a two-hundred day moving average of $41.44.

Trending Headlines about United States Brent Oil Fund

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

• Negative Sentiment: Oil prices have fallen as tanker traffic begins to recover through the Strait of Hormuz, raising expectations that stranded Middle East supply will re-enter global markets and put further pressure on Brent. Oil falls as supply starts moving through Strait of Hormuz
• Negative Sentiment: Several reports say the shutdown-related risk premium has largely faded, with traders now focused on softer demand and the prospect of a wave of additional supply, which is bearish for oil-linked funds like BNO. Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook
• Negative Sentiment: Additional headlines point to Iran shipping millions of barrels and China cutting imports, reinforcing the view that Brent prices could remain under pressure from weaker demand and rising supply. Why oil isn’t spiking: Iran ships 20 million barrels while China slashes imports
• Neutral Sentiment: Some analysts note that it may take weeks or even months for oil flows and regional logistics to normalize, which could limit how quickly prices fall, even though the near-term direction remains softer. Oil flows through Hormuz will take time to recover, banks say
• Neutral Sentiment: OPEC continued to project robust long-term oil demand growth, but that longer-dated outlook is being overshadowed today by the immediate supply repricing around Hormuz. OPEC sticks to robust oil demand outlook, sees no peak to 2050

United States Brent Oil Fund 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.