Investors Buy Large Volume of Call Options on United States Brent Oil Fund (NYSEARCA:BNO)

United States Brent Oil Fund LP (NYSEARCA:BNO) saw some unusual options trading activity on Thursday. Investors purchased 43,006 call options on the stock. This is an increase of 69% compared to the typical daily volume of 25,521 call options.

Institutional Investors Weigh In On United States Brent Oil Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of BNO. Harvest Fund Management Co. Ltd raised its stake in shares of United States Brent Oil Fund by 35.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 337,192 shares of the company’s stock valued at $9,549,000 after acquiring an additional 88,905 shares during the last quarter. Jump Financial LLC acquired a new position in United States Brent Oil Fund during the 3rd quarter worth about $4,303,000. Virtu Financial LLC bought a new stake in shares of United States Brent Oil Fund in the 3rd quarter valued at about $2,865,000. Daiwa Securities Group Inc. increased its stake 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 buying an additional 8,700 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of United States Brent Oil Fund in the first quarter valued at about $2,872,000.

Key Headlines Impacting United States Brent Oil Fund

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

• Positive Sentiment: U.S. and Iranian attacks on oil tankers, including the reported destruction of five Iranian crude carriers, have heightened fears that shipments through the Gulf and Strait of Hormuz could be disrupted. Brent’s move above $100 represents a significant bullish catalyst for BNO. Brent holds above $100 as tanker attacks deepen supply fear
• Positive Sentiment: OPEC production reportedly declined in August as Saudi exports faced disruption and a U.S. blockade reduced Iranian shipments. Lower available supply supports crude prices and is favorable for BNO. OPEC oil output falls in August
• Positive Sentiment: Chinese independent refiners are seeking replacement supplies from West Africa, Canada and South America as Iranian and Russian availability thins, pushing spot premiums to multi-month highs. The scramble reinforces expectations of a tight physical market. China independent refiners scramble for oil
• Positive Sentiment: The U.S. Energy Information Administration raised its oil-price forecasts as the conflict drains global inventories, while technical analysts said WTI and Brent were testing bullish breakouts. US EIA hikes oil price forecasts
• Neutral Sentiment: OPEC cut its 2026 global oil-demand growth forecast to 380,000 barrels per day from 580,000, marking its fifth consecutive reduction. Slower demand could limit the duration of the rally, although immediate supply fears currently dominate trading. OPEC further lowers 2026 global oil demand growth forecast

United States Brent Oil Fund Price Performance

NYSEARCA:BNO traded up $3.18 on Thursday, hitting $62.50. The company had a trading volume of 2,019,506 shares, compared to its average volume of 3,490,351. The firm has a 50 day moving average of $49.67 and a two-hundred day moving average of $49.01. United States Brent Oil Fund has a 52 week low of $27.14 and a 52 week high of $62.98.

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.