Attached files
file | filename |
---|---|
8-K - 2011-1231 USSO FORM 8K - United States Short Oil Fund, LP | usso8k_2011-1231.htm |
Exhibit 99.1
|
|||||
United States Short Oil Fund, LP
|
|||||
Monthly Account Statement
|
|||||
For the Month Ended December 31, 2011
|
|||||
Statement of Income (Loss)
|
|||||
Income
|
|||||
Realized Trading Gain (Loss) on Futures
|
$ | (329,970 | ) | ||
Unrealized Gain (Loss) on Market Value of Futures
|
445,640 | ||||
Dividend Income
|
65 | ||||
Interest Income
|
156 | ||||
Total Income (Loss)
|
$ | 115,891 | |||
Expenses
|
|||||
Investment Advisory Fee
|
$ | 5,555 | |||
Brokerage Commissions
|
866 | ||||
NYMEX License Fee
|
139 | ||||
Non-interested Directors' Fees and Expenses
|
95 | ||||
Prepaid Insurance Expense
|
13 | ||||
Total Expenses
|
$ | 6,668 | |||
Net Income (Loss)
|
$ | 109,223 | |||
Statement of Changes in Net Asset Value
|
|||||
Net Asset Value Beginning of Month 12/1/11
|
$ | 10,737,942 | |||
Net Income (Loss)
|
109,223 | ||||
Net Asset Value End of Month
|
$ | 10,847,165 | |||
Net Asset Value Per Unit (300,000 Units)
|
$ | 36.16 | |||
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 December 31, 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
|
|||||