secwatch.observer — SEC 8-K summary
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Issuer:     United States Natural Gas Fund, LP (UNG)
CIK:        0001376227
Form:       8-K
Filed at:   2023-12-28T23:59:59+00:00
Accession:  0001104659-23-129958
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UNG reports net loss of $292.8M for November 2023; NAV per share drops to $5.52
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- 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- Share activity: 63.9M shares added ($396.9M) and 22.7M shares withdrawn ($147.2M) during the month.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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376227/000110465923129958/0001104659-23-129958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376227/000110465923129958/tm2332808d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-129958

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer