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8-K - FORM 8-K - United States Short Oil Fund, LPv361200_8k.htm

 

United States Short Oil Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2013

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $916,620 
Unrealized Gain (Loss) on Market Value of Futures   97,900 
Dividend Income   52 
Interest Income   409 
ETF Transaction Fees   700 
Total Income (Loss)  $1,015,681 
      
Expenses     
General Partner Management Fees  $9,716 
Brokerage Commissions   1,472 
NYMEX License Fee   243 
Non-interested Directors' Fees and Expenses   211 
Prepaid Insurance Expense   125 
Other Expenses   7,285 
Total Expenses   19,052 
Expense Waiver   (4,856)
Net Expenses  $14,196 
Net Income (Loss)  $1,001,485 

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 10/1/13  $21,474,744 
Withdrawals (100,000 Units)   (3,267,608)
Net Income (Loss)   1,001,485 
      
Net Asset Value End of Month  $19,208,621 
Net Asset Value Per Unit (550,000 Units)  $34.92 

 

 

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 October 31, 2013 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

1999 Harrison Street, Suite 1530

Oakland, CA 94612