other material
confidence high
sentiment negative
materiality 0.30
USL posts $2.5M net loss for Aug; NAV drops to $37.66 from $39.30
United States 12 Month Oil Fund, LP
- Net loss of $2,530,272 for month ended Aug 31, 2024.
- Net asset value per share $37.66 (1.5M shares), down $1.64 from prior month.
- Realized trading loss $399,632; unrealized loss $2,313,808 on futures.
- Withdrawals of 50,000 shares reduced NAV by $1,896,835.
- Dividend and interest income of $247,454 only partially offset losses.