other material
confidence high
sentiment negative
materiality 0.65
UNG reports net loss of $292.8M for November 2023; NAV per share drops to $5.52
United States Natural Gas Fund, LP
- Net loss of $292,777,117 for the month ended November 30, 2023, driven by $125.3M unrealized loss on commodity futures.
- Total income (loss) of $(291,986,931) vs. $436,229 dividend income and $3.3M interest income.
- Net asset value per share decreased to $5.52 (182.2M shares) from prior month; beginning NAV was $1.048B.
- Share activity: 63.9M shares added ($396.9M) and 22.7M shares withdrawn ($147.2M) during the month.
- Realized trading loss on futures of $79.2M and realized loss on swaps of $63.2M contributed to the decline.