Lombard Odier Asset Management USA Corp Acquires New Position in United States Brent Oil Fund LP $BNO

Lombard Odier Asset Management USA Corp bought a new position in United States Brent Oil Fund LP (NYSEARCA:BNO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,413 shares of the company’s stock, valued at approximately $854,000. Lombard Odier Asset Management USA Corp owned 0.09% of United States Brent Oil Fund at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BNO. Ball & Co Wealth Management Inc. acquired a new position in United States Brent Oil Fund during the first quarter valued at approximately $56,000. JPMorgan Chase & Co. raised its holdings in shares of United States Brent Oil Fund by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,896 shares of the company’s stock valued at $628,000 after buying an additional 1,378 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of 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 valued at $194,000 after purchasing an additional 2,514 shares during the period. BNP Paribas Financial Markets lifted its holdings in United States Brent Oil Fund by 17.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,530 shares of the company’s stock worth $587,000 after buying an additional 2,893 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in shares of United States Brent Oil Fund by 60.0% in the first quarter. Kestra Advisory Services LLC now owns 8,422 shares of the company’s stock worth $438,000 after acquiring an additional 3,157 shares in the last quarter.

United States Brent Oil Fund Stock Down 1.6%

BNO opened at $52.58 on Friday. United States Brent Oil Fund LP has a 12-month low of $27.14 and a 12-month high of $60.81. The firm’s fifty day moving average price is $47.82 and its 200 day moving average price is $44.16.

United States Brent Oil Fund News Roundup

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

• Positive Sentiment: Escalating conflict in the Middle East and attacks on shipping lanes in the Red Sea and near the Strait of Hormuz are raising fears of supply disruption, which has lifted Brent prices and could continue to support BNO. Oil prices rise to six-week high as US-Iran tensions escalate
• Positive Sentiment: Physical crude markets are tightening, with some regional cargoes nearing $110 a barrel, suggesting strong near-term pricing that can benefit the fund if Brent stays elevated. Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply
• Neutral Sentiment: Oil has been extremely volatile, with some reports noting a technical pullback and profit-taking after Brent briefly topped $100, which may cap upside in the short term. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats 4% On Profit-Taking
• Neutral Sentiment: At the same time, hopes for peace talks and the possibility of an off-ramp between the U.S. and Iran have pressured oil off its highs, which could weigh on BNO if tensions ease further. U.S. Stocks Stabilize as Oil Retreats on Peace Talk Hopes
• Neutral Sentiment: Some analysts are warning that OPEC+ may raise output targets, which could eventually add supply and limit further oil-price gains. OPEC+ likely to raise oil output targets from September again, sources say

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.