Attached files
file | filename |
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8-K - FORM 8-K - United States Short Oil Fund, LP | v394994_8-k.htm |
Exhibit 99.1
United States Short Oil Fund, LP
Monthly Account Statement
For the Month Ended October 31, 2014
Statement of Income (Loss) | ||||
Income | ||||
Realized Trading Gain (Loss) on Futures | $ | 886,564 | ||
Unrealized Gain (Loss) on Market Value of Futures | 270,230 | |||
Dividend Income | 24 | |||
Interest Income | 158 | |||
ETF Transaction Fees | 350 | |||
Total Income (Loss) | $ | 1,157,326 | ||
Expenses | ||||
Professional Fees | $ | 17,360 | ||
General Partner Management Fees | 4,096 | |||
Brokerage Commissions | 978 | |||
Prepaid Insurance Expense | 172 | |||
NYMEX License Fee | 103 | |||
Non-interested Directors' Fees and Expenses | 92 | |||
Total Expenses | 22,801 | |||
Expense Waiver | (17,700 | ) | ||
Net Expenses | $ | 5,101 | ||
Net Income (Loss) | $ | 1,152,225 |
Statement of Changes in Net Asset Value | ||||
Net Asset Value Beginning of Month 10/1/14 | $ | 10,224,054 | ||
Withdrawals (150,000 Shares) | (5,670,039 | ) | ||
Net Income (Loss) | 1,152,225 | |||
Net Asset Value End of Month | $ | 5,706,240 | ||
Net Asset Value Per Share (150,000 Shares) | $ | 38.04 |
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, 2014 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 |