other material
confidence high
sentiment neutral
materiality 0.30
BNO reports March 2024 net income of $9.4M; NAV ends month at $134.2M
United States Brent Oil Fund, LP
- Net income of $9,376,225 for month ended March 31, 2024, driven by $6.4M realized trading gain.
- NAV per share $31.96 on 4.2M outstanding shares; total NAV rose from $127.9M to $134.2M.
- Net additions of 50,000 shares funded $1.57M; withdrawals on 150,000 shares totaled $4.65M.
- Expenses of $130,085 including $83,355 management fees and $37,526 professional fees.