other material
confidence high
sentiment neutral
materiality 0.20
US 12 Month Oil Fund reports Jan 2024 net income $2.9M, NAV $36.85/share
United States 12 Month Oil Fund, LP
- Net income of $2.9M driven by $3.0M unrealized gain on crude futures, partially offset by $296K realized loss.
- Net asset value per share $36.85 on 1.8M shares outstanding; total NAV $66.3M at month end.
- Fund recorded $91K dividend income, $187K interest income; total expenses $50.5K.
- Withdrawals of 100,000 shares reduced NAV by $3.5M during the month.