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Upturn AI SWOT - About
United States Brent Oil Fund LP (BNO)
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Upturn Advisory Summary
01/30/2025: BNO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -18.24% | Avg. Invested days 28 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/30/2025 |
Key Highlights
Volume (30-day avg) 352873 | Beta 0.79 | 52 Weeks Range 26.77 - 33.91 | Updated Date 04/2/2025 |
52 Weeks Range 26.77 - 33.91 | Updated Date 04/2/2025 |
Upturn AI SWOT
United States Brent Oil Fund LP
ETF Overview
Overview
United States Brent Oil Fund LP (BNO) is designed to track the daily changes in percentage terms of the spot price of Brent crude oil, offering investors exposure to the Brent crude oil market. BNO primarily invests in Brent crude oil futures contracts.
Reputation and Reliability
United States Commodity Funds LLC (USCF) is a well-known issuer of commodity-based ETFs, with a track record in managing commodity futures-based products.
Management Expertise
USCF has a team of professionals experienced in commodity markets, futures trading, and ETF management.
Investment Objective
Goal
To track the daily changes in percentage terms of the spot price of Brent crude oil.
Investment Approach and Strategy
Strategy: BNO employs a futures-based strategy, investing primarily in near-month Brent crude oil futures contracts. The fund rolls these contracts before expiration to maintain exposure.
Composition The ETF holds Brent crude oil futures contracts, cash, and cash equivalents.
Market Position
Market Share: BNO's market share varies based on investor interest in Brent crude oil futures and the competitive landscape.
Total Net Assets (AUM): 119900000
Competitors
Key Competitors
- DBO
- OILB
Competitive Landscape
The crude oil ETF market is moderately competitive. BNO's advantage is its specific focus on Brent crude, but it faces competition from broadly diversified oil ETFs like DBO. Disadvantages include potential tracking errors and contango effects.
Financial Performance
Historical Performance: Historical performance varies with the price of Brent crude oil. Investors should review past performance data over different time periods.
Benchmark Comparison: BNO's performance should be compared to the spot price of Brent crude oil. Tracking error may exist due to the futures-based strategy.
Expense Ratio: 0.79
Liquidity
Average Trading Volume
BNO's average trading volume is relatively high, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread is typically tight, which can help to lower the cost of trading the ETF.
Market Dynamics
Market Environment Factors
Economic growth, geopolitical events, supply and demand dynamics, and OPEC decisions can affect the price of Brent crude oil.
Growth Trajectory
BNO's growth trajectory is tied to investor demand for exposure to Brent crude oil, influenced by market conditions and energy prices.
Moat and Competitive Advantages
Competitive Edge
BNO focuses specifically on Brent crude oil futures, providing targeted exposure to this particular benchmark. It offers a way for investors to speculate or hedge against price movements in the Brent crude oil market. The fund is relatively liquid, facilitating trading. However, investors should be aware of the risks associated with futures contracts and contango.
Risk Analysis
Volatility
BNO exhibits significant volatility due to the price fluctuations in Brent crude oil futures.
Market Risk
Market risk includes fluctuations in oil prices, economic factors, geopolitical events, and changes in supply and demand dynamics.
Investor Profile
Ideal Investor Profile
BNO is suitable for investors who want to gain short-term exposure to the Brent crude oil market for speculative or hedging purposes.
Market Risk
BNO is more suitable for active traders with a high-risk tolerance rather than long-term investors due to the potential for volatility and contango.
Summary
United States Brent Oil Fund LP (BNO) provides exposure to Brent crude oil through futures contracts, making it suitable for active traders seeking short-term gains or hedging. Its performance closely tracks the price of Brent crude oil but can be impacted by factors like contango. BNO has moderate liquidity, but investors should be wary of the fund's volatility and associated market risks. The fundu2019s competitive landscape is defined by oil ETFs, and BNO has the advantage of focusing on Brent Crude.
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Sources and Disclaimers
Data Sources:
- etf.com
- morningstar.com
- bloomberg.com
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investment decisions should be based on individual circumstances and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About United States Brent Oil Fund LP
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the Ice Futures Europe Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.
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