BNO Stock Summary and Trading Ideas (United States Brent Oil LP Etv | ARCA:BNO)

The investment objective of BNO is for the daily changes in percentage terms of its units net asset value to reflect the daily changes in percentage terms of the spot price of Brent crude oil as measured by the changes in the price of the futures contract on Brent crude oil as traded on the ICE Futures Exchange that is the near month contract to expire except when the near month contract is within two weeks of expiration in which case the futures contract will be the next month contract to expire (the Benchmark Futures Contract) less BNO s expenses.

United States Brent Oil LP Etv trades on the ARCA stock market under the symbol BNO.

As of April 26, 2024, BNO stock price climbed to $32.73 with 377,949 million shares trading.

BNO has a beta of 0.14, meaning it tends to be less sensitive to market movements. BNO has a correlation of 0.00 to the broad based SPY ETF.

BNO has a market cap of $135.83 million. This is considered a Micro Cap stock.

In the last 3 years, BNO stock traded as high as $36.84 and as low as $16.54.

BNO has underperformed the market in the last year with a price return of +25.5% while the SPY ETF gained +27.4%. However, in the short term, BNO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.8% vs +4.6% return in SPY. But in the last 2 weeks, BNO shares have been beat by the market, returning -1.5% compared to an SPY return of -0.5%.

BNO support price is $32.27 and resistance is $33.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BNO stock will trade within this expected range on the day.