secwatch.observer — SEC 8-K summary
======================================

Issuer:     United States Natural Gas Fund, LP (UNG)
CIK:        0001376227
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001104659-24-052656
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UNG posts $92M net loss for March; NAV falls to $14.74 per share
----------------------------------------------------------------

- Net loss of $92.2M for month ended March 31, 2024, driven by $97.9M unrealized loss on commodity futures.
- Total income (loss) of ($91.3M) included $12.1M realized trading gain offset by $8.9M loss on swaps.
- Net asset value dropped from $868.7M to $830.5M; NAV per share $14.74 on 56.3M shares.
- Fund added 8.3M shares ($124.4M) and withdrew 4.2M shares ($70.4M) during the month.
- Expenses totaled $911k, with $409k in management fees and $276k in brokerage commissions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376227/000110465924052656/0001104659-24-052656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376227/000110465924052656/tm2411856d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-052656

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