United States Brent Oil Fund, LP
ARCABNO enters the back half of May in a position that encapsulates a classic commodity-fund tension: the price is running hard while the shorts who crowded in during early May are quietly cutting their positions. The price move is the opening fact. BNO closed at $58.81 on May 19, up 2% on the day and 3.4% on the week. Over the past month the fund has gained nearly 30% — a sharp…
BNO short interest falls 21.9% in one week to 20.7% of float, as oil fund sees reduced bearish positioning.
Snapshot as of 22 Jun 2026
BNO enters the back half of May in a position that encapsulates a classic commodity-fund tension: the price is running hard while the shorts who crowded in during early May are quietly cutting their positions. The…
BNO — the United States Brent Oil Fund — has had a week of sharply diverging signals: the fund climbed nearly 9% while short sellers unwound positions at pace, yet borrow costs crept higher and options traders remained…
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