Institutional sellers dominated buyers in United States Brent Oil Fund, LP on 09/30/2024

Post date: 2024-10-01 13:17:12 GMT

This chart shows distribution of Institutional flows for BNO: % buyers in green and % sellers in red. The proportions of the institutional flows are estimated as a % of the total volume traded in BNO on 09/30/2024. As the chart shows, most recently there is more mass on the sellers side of the institutional flows than on the buyers side. However, the history of institutional flows and their relative proportion over time also matters. The 20-day trendline shows the slope of 25.2%. This implies that the trend has been dominated by institutional buyers.

The United States Brent Oil Fund, LP (BNO) is an exchange-traded fund (ETF) that tracks the performance of Brent crude oil. It was created by US Commodity Funds in 2010 and has become a popular investment tool for those looking to diversify their portfolio with exposure to the energy market. BNO's goal is to provide investors with a simple and efficient way to gain access to the price movements of Brent crude oil. The fund is managed by professional money managers who monitor market trends and make strategic investment decisions. BNO offers a convenient and cost-effective way for both individuals and institutions to invest in Brent crude oil, which is known to be one of the most widely used benchmarks for global oil prices.