other material
confidence high
sentiment negative
materiality 0.30
United States 12 Month Natural Gas Fund reports Oct net loss of $2.54M, NAV per share $6.92
United States 12 Month Natural Gas Fund, LP
- Net loss of $2,540,794 for October 2024, driven by realized loss of $342,181 and unrealized loss of $2,248,379.
- Net asset value declined from $20,192,875 (Sept 30) to $18,328,469 (Oct 31).
- NAV per share dropped to $6.92 on 2,650,000 shares outstanding (was ~$7.67 based on Sept NAV).
- Additions of 150,000 shares ($1.05M) and withdrawals of 50,000 shares ($378K) occurred during the month.
- Total expenses were $28,098; management fees $9,725, professional fees $16,581.