secwatch.observer — SEC 8-K summary
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Issuer:     United States Brent Oil Fund, LP (BNO)
CIK:        0001472494
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001104659-24-093798
Event type: other_material
Sentiment:  negative
Materiality: 0.20
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United States Brent Oil Fund reports July loss of $4.7M; NAV per share drops to $31.10
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- Net loss of $4.73M for July, driven by $5.15M in realized and unrealized trading losses on commodity futures.
- NAV per share fell from $35.75 at June end to $31.10; total NAV down 13% to $111.96M.
- Fund had net redemptions of 400,000 shares in July (350,000 additions, 750,000 withdrawals).
- Dividend and interest income of $540K was insufficient to offset trading losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472494/000110465924093798/0001104659-24-093798-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472494/000110465924093798/tm2421763d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-093798

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