United States Brent Oil Fund LP (NYSEARCA:BNO) Short Interest Update

United States Brent Oil Fund LP (NYSEARCA:BNO) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,872,722 shares, an increase of 78.1% from the August 31st total of 2,173,917 shares. Based on an average trading volume of 2,179,233 shares, the days-to-cover ratio is currently 1.8 days. Approximately 30.6% of the shares of the company are short sold.

Key United States Brent Oil Fund News

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

• Positive Sentiment: Three oil tankers were reportedly struck by projectiles while transiting the Strait of Hormuz, reinforcing concerns about shipping safety and the potential for renewed supply disruptions. Three oil tankers hit by projectiles in Hormuz strait
• Positive Sentiment: Oil prices rebounded as traders continued to price in risks surrounding regional shipping, stalled U.S.-Iran peace efforts and the possibility that the conflict could delay a lasting improvement in supply flows. Oil Rises as Supply Concerns Persist
• Positive Sentiment: Major banks raised their oil-price forecasts, with prolonged Gulf disruption expected to offset subdued demand concerns. OPEC+ is also expected to keep November production targets unchanged, limiting the prospect of additional supply. Analysts raise 2026 oil forecasts
• Positive Sentiment: Diesel inventories, freight costs and continued Hormuz risk are keeping a premium in crude futures despite recovering exports and record U.S. production. Diesel Tightness Keeps the Crude Premium Alive
• Neutral Sentiment: Crude exports through the Strait of Hormuz have recovered to prewar levels, but refined-fuel shipments remain constrained. This creates a mixed outlook: more crude supply pressures Brent, while fuel-market tightness supports prices. Crude oil exports through the Strait of Hormuz hit prewar levels
• Negative Sentiment: Gulf exports have broadly recovered to prewar levels, Saudi Arabia has resumed tanker loadings, and U.S. commercial crude inventories unexpectedly increased. These developments reduce immediate scarcity concerns and could limit Brent’s upside. Oil falls as Middle East exports recover

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BNO. Integrated Wealth Concepts LLC raised its stake in shares of United States Brent Oil Fund by 23.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 4,922 shares of the company’s stock valued at $200,000 after purchasing an additional 922 shares during the period. Ball & Co Wealth Management Inc. bought a new position in United States Brent Oil Fund in the 1st quarter worth about $56,000. Royal Bank of Canada grew its holdings in United States Brent Oil Fund by 49.3% during the 1st quarter. Royal Bank of Canada now owns 5,974 shares of the company’s stock valued at $310,000 after buying an additional 1,974 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in United States Brent Oil Fund by 60.0% during the 1st quarter. Kestra Advisory Services LLC now owns 8,422 shares of the company’s stock valued at $438,000 after buying an additional 3,157 shares in the last quarter. Finally, Midwest Trust Co bought a new stake in shares of United States Brent Oil Fund during the first quarter valued at about $216,000.

United States Brent Oil Fund Price Performance

NYSEARCA BNO traded up $2.32 during trading on Thursday, hitting $62.41. 589,953 shares of the company’s stock traded hands, compared to its average volume of 3,408,530. United States Brent Oil Fund has a 12-month low of $27.14 and a 12-month high of $63.98. The business has a 50 day moving average of $54.36 and a 200-day moving average of $51.33.

About United States Brent Oil Fund

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.