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

United States Brent Oil Fund LP (NYSEARCA:BNO) was the target of some unusual options trading on Thursday. Investors purchased 8,682 call options on the company. This represents an increase of 76% compared to the average volume of 4,935 call options.

United States Brent Oil Fund News Summary

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

• Positive Sentiment: President Trump’s warning of further strikes on Iran rekindled fears of sustained disruption to Middle East flows, sending oil futures sharply higher and lifting Brent-linked ETFs. Trump’s threat to hit Iran ‘extremely hard’ jolts Asian stocks, U.S. futures and oil first
• Positive Sentiment: Analysts at UBS and JPMorgan warn the conflict could create a large structural shortfall (estimates of multi-million b/d gaps) and suggest Brent could move well above current levels, supporting continued ETF inflows into Brent products like BNO. Trump signals two to three more weeks of Iran strikes as oil analysts warn prices could top $150 a barrel
• Positive Sentiment: Brent and WTI have posted a strong multi-week rally (Brent trading around the $100–$110 area), driving record monthly gains and renewed interest in oil ETFs, which boosts demand for BNO units. Front-month Brent oil futures extend gains after record monthly rise in March
• Neutral Sentiment: OPEC+ ministers are reported to be considering another output increase at an upcoming meeting — if implemented, added barrels could limit upside for Brent (timing and size remain uncertain). OPEC+ likely to weigh further oil output hike on Sunday, sources say
• Neutral Sentiment: The IEA is weighing further releases from strategic reserves to ease the squeeze; such policy moves can cap price spikes but their scale and coordination are unclear. Oil supply crunch will worsen in April, IEA warns as it weighs releasing more strategic reserves
• Negative Sentiment: U.S. crude inventories have posted several consecutive weekly builds, a bearish fundamental that could restrain Brent if builds continue and geopolitical risk fades. U.S. Crude Oil Supplies Post Sixth Straight Weekly Build
• Negative Sentiment: Market commentary warns of potential “demand destruction” and rationing if prices stay elevated for longer — a sustained demand hit would be negative for oil prices and BNO. Trump’s Iran timeline may not be short enough to avoid oil demand destruction

Institutional Trading of United States Brent Oil Fund

Hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in shares of United States Brent Oil Fund in the 4th quarter worth approximately $149,000. Headlands Technologies LLC purchased a new stake in United States Brent Oil Fund during the fourth quarter valued at approximately $442,000. Wells Fargo & Company MN boosted its stake in United States Brent Oil Fund by 136.2% in the fourth quarter. Wells Fargo & Company MN now owns 23,275 shares of the company’s stock valued at $659,000 after acquiring an additional 13,422 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in United States Brent Oil Fund by 35.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 337,192 shares of the company’s stock worth $9,549,000 after purchasing an additional 88,905 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in 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 worth $2,209,000 after purchasing an additional 8,700 shares during the last quarter.

United States Brent Oil Fund Trading Up 6.7%

Shares of NYSEARCA BNO traded up $3.36 during mid-day trading on Thursday, reaching $53.69. 6,774,694 shares of the company were exchanged, compared to its average volume of 4,252,412. United States Brent Oil Fund has a 1 year low of $24.72 and a 1 year high of $54.62. The firm has a 50-day moving average of $39.24 and a 200 day moving average of $32.68.

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.