other
confidence high
sentiment negative
materiality 0.30
USL reports May 2023 net loss of $7.05M, NAV per share $31.14
United States 12 Month Oil Fund, LP
- Net loss of $7,048,260 for May 2023; NAV per share declined to $31.14 from $32.78.
- Realized trading loss of $1.10M and unrealized loss of $6.17M on commodity futures.
- Net asset value fell from $75.40M to $71.63M; shares outstanding unchanged at 2.3M.
- Small offset from $274K in dividend and interest income; total expenses $47K.