other material
confidence high
sentiment negative
materiality 0.55
UNG reports October 2024 net loss of $207M, NAV falls to $798M
United States Natural Gas Fund, LP
- Net loss of $206.9M for month ended Oct 31, 2024; realized/unrealized trading losses of $209M on futures and swaps.
- NAV declined from $889.8M (Oct 1) to $797.9M (Oct 31); NAV per share $12.70 on 62.8M shares.
- Fund added 14.7M shares ($199M) and withdrew 6M shares ($84M) during the month.
- Total income loss of $206M; expenses $813,825 (management fees $422K, brokerage $166K).
- Dividend and interest income totaled $3.1M; ETF transaction fees $13K.