Traders Purchase High Volume of Call Options on United States Brent Oil Fund (NYSEARCA:BNO)

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

United States Brent Oil Fund Stock Performance

Shares of BNO stock opened at $32.42 on Wednesday. United States Brent Oil Fund has a fifty-two week low of $26.76 and a fifty-two week high of $33.91. The company has a 50 day moving average price of $29.63 and a 200 day moving average price of $29.97.

Hedge Funds Weigh In On United States Brent Oil Fund

Several institutional investors have recently modified their holdings of BNO. Ignite Planners LLC purchased a new position in shares of United States Brent Oil Fund in the 3rd quarter valued at about $515,000. International Assets Investment Management LLC raised its holdings in United States Brent Oil Fund by 2,731.0% in the third 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. Daiwa Securities Group Inc. lifted its stake in United States Brent Oil Fund by 8.3% in the third quarter. Daiwa Securities Group Inc. now owns 70,100 shares of the company’s stock worth $1,985,000 after acquiring an additional 5,400 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in United States Brent Oil Fund by 16.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 111,000 shares of the company’s stock worth $3,142,000 after acquiring an additional 15,371 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in United States Brent Oil Fund during the 3rd quarter worth approximately $425,000.

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.