other material
confidence high
sentiment negative
materiality 0.25
USL reports net loss of $3.5M for December 2023; NAV per share $35.23
United States 12 Month Oil Fund, LP
- Net loss of $3,516,151 for the month ended December 31, 2023.
- Net asset value per share $35.23 at month-end, down from $36.86 at start of month.
- Realized trading loss of $441,316 and unrealized loss of $3,312,854 on commodity futures.
- Dividend income $102,433 and interest income $187,911 partially offset losses.
- Withdrawals of $5.1 million (150,000 shares) during the month.