Attached files
| file | filename |
|---|---|
| 8-K - 2011-0831 USSO FORM 8-K - United States Short Oil Fund, LP | usso8k_2011-0831.htm |
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Exhibit 99.1
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United States Short Oil Fund, LP
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Monthly Account Statement
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For the Month Ended August 31, 2011
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss)
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$ | 1,721,080 | |||
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Unrealized Gain (Loss) on Market Value of Futures
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(977,590 | ) | |||
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Dividend Income
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39 | ||||
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Interest Income
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150 | ||||
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Total Income (Loss)
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$ | 743,679 | |||
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Expenses
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Investment Advisory Fee
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$ | 6,612 | |||
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Brokerage Commissions
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1,478 | ||||
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NYMEX License Fee
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291 | ||||
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Non-interested Directors' Fees and Expenses
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106 | ||||
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Prepaid Insurance Expense
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13 | ||||
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Other Expenses
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14,291 | ||||
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Total Expenses
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22,791 | ||||
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Expense Waiver
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(12,638 | ) | |||
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Net Expenses
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$ | 10,153 | |||
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Net Gain (Loss)
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$ | 733,526 | |||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 8/1/11
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$ | 11,784,780 | |||
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Net Gain (Loss)
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733,526 | ||||
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Net Asset Value End of Period
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$ | 12,518,306 | |||
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Net Asset Value Per Unit (300,000 Units)
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$ | 41.73 | |||
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To the Limited Partners of United States Short Oil Fund, LP:
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Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
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to the best of his knowledge and belief, the information contained in the Account Statement for
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the month ended August 31, 2011 is accurate and complete.
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/s/ Howard Mah
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Howard Mah
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Chief Financial Officer
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United States Commodity Funds LLC, General Partner of United States Short Oil Fund, LP
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United States Commodity Funds LLC
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1320 Harbor Bay Parkway
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Suite 145
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Alameda, CA 94502
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