Attached files
file | filename |
---|---|
8-K - 2010-1130 USSO FORM 8K - United States Short Oil Fund, LP | ussoform8k_2010-1130.htm |
Exhibit 99.1
|
|||||
United States Short Oil Fund, LP
|
|||||
Monthly Account Statement
|
|||||
For the Month Ended November 30, 2010
|
|||||
Statement of Income (Loss)
|
|||||
Income
|
|||||
Realized Trading Gain (Loss)
|
$ | (411,200 | ) | ||
Unrealized Gain (Loss) on Market Value of Futures
|
130,770 | ||||
Dividend Income
|
315 | ||||
Interest Income
|
13 | ||||
Total Income (Loss)
|
$ | (280,102 | ) | ||
Expenses
|
|||||
Investment Advisory Fee
|
$ | 4,315 | |||
Brokerage Commissions
|
819 | ||||
NYMEX License Fee
|
174 | ||||
Non-interested Directors' Fees and Expenses
|
49 | ||||
Prepaid Insurance Expense
|
43 | ||||
Other Expenses
|
10,998 | ||||
Total Expenses
|
16,398 | ||||
Expense Waiver
|
(9,919 | ) | |||
Net Expenses
|
$ | 6,479 | |||
Net Gain (Loss)
|
$ | (286,581 | ) | ||
Statement of Changes in Net Asset Value
|
|||||
Net Asset Value Beginning of Period 11/1/10
|
$ | 9,049,326 | |||
Net Gain (Loss)
|
(286,581 | ) | |||
Net Asset Value End of Period
|
$ | 8,762,745 | |||
Net Asset Value Per Unit (200,000 Units)
|
$ | 43.81 | |||
To the Limited Partners of United States Short Oil Fund, LP:
|
|||||
Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
|
|||||
to the best of his knowledge and belief, the information contained in the Account Statement for
|
|||||
the month ended November 30, 2010 is accurate and complete.
|
|||||
/s/ Howard Mah | |||||
Howard Mah
|
|||||
Chief Financial Officer
|
|||||
United States Commodity Funds LLC, General Partner of United States Short Oil Fund, LP
|
|||||
United States Commodity Funds LLC
|
|||||
1320 Harbor Bay Parkway
|
|||||
Suite 145
|
|||||
Alameda, CA 94502
|
|||||