other material
confidence high
sentiment negative
materiality 0.30
US Brent Oil Fund reports net loss of $8.9M for March 2023; NAV per share $26.63
United States Brent Oil Fund, LP
- Net loss of $8,919,005 for March; realized trading loss on futures of $28,633,850 partially offset by $19,035,890 unrealized gain.
- NAV fell from $251.5M to $241.0M; NAV per share of $26.63 on 9,050,000 shares outstanding.
- Additions of 800,000 shares ($20.3M) and withdrawals of 850,000 shares ($21.9M) during the month.
- Dividend income $463,744 and interest income $394,514; total expenses $182,803.