other material
confidence high
sentiment negative
materiality 0.25
Brent Oil Fund posts net loss of $7.2M for May; NAV per share $30.34
United States Brent Oil Fund, LP
- Net loss of $7,196,961 for May 2024; realized trading loss of $6,278,230 on commodity futures.
- Net asset value per share $30.34 as of May 31, 2024; total NAV $122,866,104.
- Share redemptions of 200,000 shares ($6.2M) and additions of 100,000 shares ($3.1M) during month.
- Income from dividends $246,867 and interest $310,055 partially offset trading losses.