Harvest Fund Management Co. Ltd Buys 88,905 Shares of United States Brent Oil Fund LP $BNO

Harvest Fund Management Co. Ltd grew its stake in shares of United States Brent Oil Fund LP (NYSEARCA:BNO) by 35.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 337,192 shares of the company’s stock after purchasing an additional 88,905 shares during the period. Harvest Fund Management Co. Ltd owned about 8.33% of United States Brent Oil Fund worth $9,549,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BNO. Ruffer LLP bought a new position in shares of United States Brent Oil Fund in the fourth quarter valued at approximately $3,019,000. Daiwa Securities Group Inc. grew its holdings in shares of United States Brent Oil Fund by 12.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 78,000 shares of the company’s stock valued at $2,209,000 after acquiring an additional 8,700 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of United States Brent Oil Fund by 60.7% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,654 shares of the company’s stock valued at $194,000 after acquiring an additional 2,514 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of United States Brent Oil Fund by 17.4% in 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, Jump Financial LLC bought a new position in shares of United States Brent Oil Fund in the third quarter valued at approximately $4,303,000.

United States Brent Oil Fund Stock Down 2.7%

BNO stock opened at $52.48 on Friday. The business has a 50 day moving average of $52.84 and a 200-day moving average of $40.00. United States Brent Oil Fund LP has a 12-month low of $27.14 and a 12-month high of $60.81.

Trending Headlines about United States Brent Oil Fund

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

• Positive Sentiment: Escalating U.S.-Iran tensions earlier in the period helped push Brent higher as traders priced in Strait of Hormuz disruption risk and tighter global supply. Recent reports also noted falling U.S. crude inventories and OPEC’s view that oil demand remains robust. Oil prices rise as new Middle East hostilities flare and talks stall
• Positive Sentiment: Reuters reported Iranian crude exports fell to the lowest level in at least six years, reinforcing the view that supply from the region remains constrained. Iranian oil exports fall to lowest level in six years, data shows
• Neutral Sentiment: Several market forecasts said crude is now in a technical consolidation pattern, suggesting the next move could be a breakout or breakdown depending on the next geopolitical headline. Crude Oil Price Forecast: Triangle Compression Signals Breakout Risk
• Neutral Sentiment: News that Israel and Lebanon agreed to implement a ceasefire weighed on Brent by easing some war-risk pricing, though the market remains sensitive because the broader Iran situation is unresolved. Oil falls as Lebanon and Israel agree to implement ceasefire
• Negative Sentiment: Oil also came under pressure after reports that President Trump is reluctant to restart the Iran war unless U.S. troops are killed, which reduced immediate supply-shock fears and sparked profit-taking in crude. Oil prices fall 3% on report Trump reluctant to restart Iran war

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.