other
confidence high
sentiment neutral
materiality 0.15
USO reports net loss of $5.9M for April 2024; NAV per share $78.72
United States Oil Fund, LP
- Net loss of $5.9M on total income (loss) of -$5.0M and expenses $923K.
- NAV decreased from $1.42B to $1.33B; ending NAV per share $78.72 on 16.9M shares.
- Realized trading gain on futures $70.3M offset by unrealized loss of $78.9M.
- Dividend and interest income combined $5.4M; management fees $510K.
- Net creations/redemptions: 11.4M shares added, 12.5M shares withdrawn during month.