United States Brent Oil Fund Sees Unusually Large Options Volume (NYSEARCA:BNO)

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

United States Brent Oil Fund Stock Up 6.4%

Shares of NYSEARCA BNO opened at $63.13 on Friday. The business has a 50-day moving average of $50.14 and a two-hundred day moving average of $49.22. United States Brent Oil Fund has a 1 year low of $27.14 and a 1 year high of $63.31.

Hedge Funds Weigh In On United States Brent Oil Fund

Hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. lifted its position in shares of United States Brent Oil Fund by 6.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 71,300 shares of the company’s stock worth $2,081,000 after buying an additional 4,400 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in United States Brent Oil Fund by 60.7% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,654 shares of the company’s stock worth $194,000 after acquiring an additional 2,514 shares in the last quarter. Headlands Technologies LLC raised its stake in United States Brent Oil Fund by 389.5% during the 2nd quarter. Headlands Technologies LLC now owns 9,834 shares of the company’s stock worth $287,000 after acquiring an additional 7,825 shares in the last quarter. JPMorgan Chase & Co. lifted its position in United States Brent Oil Fund by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 20,896 shares of the company’s stock valued at $628,000 after acquiring an additional 1,378 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in United States Brent Oil Fund by 17.4% in the third quarter. BNP Paribas Financial Markets now owns 19,530 shares of the company’s stock valued at $587,000 after acquiring an additional 2,893 shares during the last quarter.

Trending Headlines about United States Brent Oil Fund

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

• Positive Sentiment: Brent crude held above $100 after attacks involving Iran, the United States and commercial shipping intensified fears of disruptions around the Strait of Hormuz and Bab al-Mandeb. Brent holds above $100 as tanker attacks deepen supply fear
• Positive Sentiment: The IEA said the global oil supply gap could deepen as the return of normal Gulf flows is delayed into 2027, potentially keeping prices elevated. Global 2026 oil supply gap to deepen
• Positive Sentiment: OPEC output reportedly fell in August because of disruptions to Saudi exports and reduced Iranian shipments, while Chinese independent refiners scrambled for replacement crude, supporting spot premiums. OPEC oil output falls in August
• Positive Sentiment: Unusually heavy call-option activity in BNO signaled increased bullish positioning, with traders purchasing about 43,000 calls, well above typical volume.
• Neutral Sentiment: Oil pulled back after a sharp multi-day rally, but Brent remained above $100, indicating profit-taking rather than a clear reversal in the supply-risk trend. Oil prices fall sharply after double-digit weekly gains above $100
• Negative Sentiment: OPEC lowered its 2026 oil-demand growth forecast for the fifth consecutive time to 380,000 barrels per day, while U.S. production reached a record and crude inventories declined less than expected. These developments could limit the rally if supply concerns ease. OPEC further lowers 2026 global oil demand growth forecast

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.