other material
confidence high
sentiment negative
materiality 0.65
UNG reports December 2023 net loss of $80.6M; NAV per share at $20.36
United States Natural Gas Fund, LP
- Net loss of $(80,575,137) for December, driven by realized trading loss of $(208,090,770) on commodity futures.
- Unrealized gain on commodity futures of $145,252,291 partially offset realized losses.
- Total income (loss) of $(79,741,860) with expenses of $833,277 (management fees $500,633).
- Net asset value fell from $1.005B to $973.85M; additions of 5.775M shares and withdrawals of 3.5M shares.
- Net asset value per share: $20.36 on 47,821,147 shares outstanding.