other material
confidence high
sentiment negative
materiality 0.30
US Brent Oil Fund reports $4.1M net loss for February 2023
United States Brent Oil Fund, LP
- Net loss of $4,129,571 for month ended Feb 28, 2023; realized trading loss of $4,190,960.
- Ending NAV of $251,517,066; NAV per share $27.64 on 9.1M shares outstanding.
- Additions of 850,000 shares ($23.4M) and withdrawals of 150,000 shares ($4.1M).
- Dividend income of $391,479 and interest income of $359,107 partially offset losses.
- General partner management fees totaled $139,469 for the month.