Today, the United States Brent Oil Fund, LP (NYSE Arca:BNO), a commodity exchange-traded product currently trading at $28.99 with a market capitalization of $133.22 million, released its monthly financial statement for October 2024. The report, which includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, is now available on the fund's website.
The document, required under Rule 4.22 of the Commodity Exchange Act, provides investors with a detailed view of the fund's financial performance over the past month. While the exact figures from the statement were not disclosed in the press release, InvestingPro analysis indicates the fund suffers from weak gross profit margins, making such monthly financial disclosures particularly essential for investors tracking the performance of commodities like Brent crude oil.
The United States Brent Oil Fund, which trades under the ticker BNO, is designed to track the movements of Brent crude oil prices. The fund has delivered a 6.04% return year-to-date, trading within a 52-week range of $25.92 to $33.91. The fund's performance can be influenced by a variety of factors, including geopolitical events, supply and demand dynamics, and changes in the global economy.
The fund's management, overseen by United States Commodity Funds LLC, emphasizes that the information in the current report and the accompanying exhibit should not be considered "filed" for regulatory purposes nor incorporated by reference into future filings under the Securities Act of 1933.
As the fund's general partner, United States Commodity Funds LLC ensures that the United States Brent Oil Fund complies with SEC reporting requirements, providing transparency and regular updates to its investors. According to InvestingPro's analysis, the fund maintains a "GREAT" financial health score of 3.23, reflecting strong operational management. Subscribers can access additional insights and metrics through the Pro platform.
The information in this article is based on a press release statement from the United States Brent Oil Fund, LP.
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