Attached files
| file | filename |
|---|---|
| 8-K - 2011-1130 USSO FORM 8K - United States Short Oil Fund, LP | usso8k_2011-1130.htm |
|
Exhibit 99.1
|
|||||
|
United States Short Oil Fund, LP
|
|||||
|
Monthly Account Statement
|
|||||
|
For the Month Ended November 30, 2011
|
|||||
|
Statement of Income (Loss)
|
|||||
|
Income
|
|||||
|
Realized Trading Gain (Loss)
|
$ | (1,324,970 | ) | ||
|
Unrealized Gain (Loss) on Market Value of Futures
|
426,270 | ||||
|
Dividend Income
|
72 | ||||
|
Interest Income
|
155 | ||||
|
Total Income (Loss)
|
$ | (898,473 | ) | ||
|
Expenses
|
|||||
|
Investment Advisory Fee
|
$ | 5,511 | |||
|
Brokerage Commissions
|
846 | ||||
|
NYMEX License Fee
|
138 | ||||
|
Non-interested Directors' Fees and Expenses
|
37 | ||||
|
Prepaid Insurance Expense
|
13 | ||||
|
Total Expenses
|
$ | 6,545 | |||
|
Net Income (Loss)
|
$ | (905,018 | ) | ||
|
Statement of Changes in Net Asset Value
|
|||||
|
Net Asset Value Beginning of Month 11/1/11
|
$ | 11,642,960 | |||
|
Net Income (Loss)
|
(905,018 | ) | |||
|
Net Asset Value End of Month
|
$ | 10,737,942 | |||
|
Net Asset Value Per Unit (300,000 Units)
|
$ | 35.79 | |||
|
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, 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
|
|||||