United States Brent Oil Fund Target of Unusually High Options Trading (NYSEARCA:BNO)

United States Brent Oil Fund LP (NYSEARCA:BNO) was the target of some unusual options trading on Monday. Stock investors purchased 19,335 call options on the stock. This represents an increase of 1,563% compared to the typical volume of 1,163 call options.

United States Brent Oil Fund Stock Performance

NYSEARCA:BNO traded up $0.50 during mid-day trading on Monday, reaching $32.72. The stock had a trading volume of 259,751 shares, compared to its average volume of 319,020. United States Brent Oil Fund has a 12 month low of $26.76 and a 12 month high of $33.91. The stock has a 50-day simple moving average of $29.53 and a two-hundred day simple moving average of $29.97.

Institutional Trading of United States Brent Oil Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC boosted its holdings 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 valued at $135,000 after acquiring an additional 4,588 shares in the last quarter. Virtu Financial LLC increased its stake in shares of United States Brent Oil Fund by 93.9% in the third quarter. Virtu Financial LLC now owns 14,828 shares of the company’s stock valued at $420,000 after buying an additional 7,182 shares during the period. BNP Paribas Financial Markets bought a new position in United States Brent Oil Fund in the 3rd quarter valued at approximately $425,000. Ignite Planners LLC acquired a new stake in United States Brent Oil Fund during the 3rd quarter worth approximately $515,000. Finally, Flow Traders U.S. LLC grew 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 acquiring an additional 40,855 shares during the last quarter.

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.