other material
confidence high
sentiment negative
materiality 0.30
United States Brent Oil Fund reports $11.9M net loss for September; NAV $28.28
United States Brent Oil Fund, LP
- Net loss of $11.86 million for September 2024, driven by $8.6M realized and $3.9M unrealized futures losses.
- Net asset value per share ended at $28.28; total net assets $216.3 million as of Sept 30, 2024.
- Outstanding shares: 7.65 million; 500,000 shares added, 50,000 withdrawn during the month.
- Interest and dividend income of $860K partially offset trading losses; expenses totaled $179.8K.