other_material
confidence high
sentiment negative
materiality 0.60
USO reports $185M net loss for April; NAV per share ends at $63.60
United States Oil Fund, LP
- Net loss of $184.97M for April; driven by unrealized losses of $88.7M on futures and $13.5M on swaps.
- Total income (loss) of -$184.3M; realized trading loss of $45.2M on futures, $40.2M on swaps.
- Net asset value per share $63.60 at April 30; 15.4M shares outstanding.
- Share issuances of 14.8M shares ($1.004B) and redemptions of 12M shares ($814M) during month.
- Management fees $356k; total expenses $663k.
item 7.01item 9.01