Attached files
file | filename |
---|---|
8-K - 2011-0527 USSO FORM 8K - United States Short Oil Fund, LP | usso8k_2011-0527.htm |
Exhibit 99.1
|
|||||
United States Short Oil Fund, LP
|
|||||
Monthly Account Statement
|
|||||
For the Month Ended April 30, 2011
|
|||||
Statement of Income (Loss)
|
|||||
Income
|
|||||
Realized Trading Gain (Loss)
|
$ | (568,740 | ) | ||
Unrealized Gain (Loss) on Market Value of Futures
|
(44,340 | ) | |||
Dividend Income
|
33 | ||||
Interest Income
|
123 | ||||
ETF Transaction Fees
|
1,000 | ||||
Total Income (Loss)
|
$ | (611,924 | ) | ||
Expenses
|
|||||
Investment Advisory Fee
|
$ | 4,278 | |||
Brokerage Commissions
|
681 | ||||
NYMEX License Fee
|
175 | ||||
Non-interested Directors' Fees and Expenses
|
51 | ||||
Prepaid Insurance Expense
|
13 | ||||
Other Expenses
|
16,440 | ||||
Total Expenses
|
21,638 | ||||
Expense Waiver
|
(15,371 | ) | |||
Net Expenses
|
$ | 6,267 | |||
Net Gain (Loss)
|
$ | (618,191 | ) | ||
Statement of Changes in Net Asset Value
|
|||||
Net Asset Value Beginning of Period 4/1/11
|
$ | 7,175,778 | |||
Additions (100,000 Units)
|
3,532,103 | ||||
Net Gain (Loss)
|
(618,191 | ) | |||
Net Asset Value End of Period
|
$ | 10,089,690 | |||
Net Asset Value Per Unit (300,000 Units)
|
$ | 33.63 | |||
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 April 30, 2011 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
|
|||||