Attached files
file | filename |
---|---|
8-K - 2012-0430 USSO FORM 8K - United States Short Oil Fund, LP | usso8k_2012-0430.htm |
Exhibit 99.1
|
|||||
United States Short Oil Fund, LP
|
|||||
Monthly Account Statement
|
|||||
For the Month Ended April 30, 2012
|
|||||
Statement of Income (Loss)
|
|||||
Income
|
|||||
Realized Trading Gain (Loss) on Futures
|
$ | 664,070 | |||
Unrealized Gain (Loss) on Market Value of Futures
|
(958,770 | ) | |||
Dividend Income
|
218 | ||||
Interest Income
|
245 | ||||
Total Income (Loss)
|
$ | (294,237 | ) | ||
Expenses
|
|||||
General Partner Management Fees
|
$ | 9,309 | |||
Brokerage Commissions
|
1,385 | ||||
NYMEX License Fee
|
233 | ||||
Non-interested Directors' Fees and Expenses
|
168 | ||||
Prepaid Insurance Expense
|
35 | ||||
Other Expenses
|
7,106 | ||||
Total Expenses
|
18,236 | ||||
Expense Waiver
|
(4,779 | ) | |||
Net Expenses
|
$ | 13,457 | |||
Net Income (Loss)
|
$ | (307,694 | ) | ||
Statement of Changes in Net Asset Value
|
|||||
Net Asset Value Beginning of Month 4/1/12
|
$ | 19,006,598 | |||
Net Income (Loss)
|
(307,694 | ) | |||
Net Asset Value End of Month
|
$ | 18,698,904 | |||
Net Asset Value Per Unit (550,000 Units)
|
$ | 34.00 | |||
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, 2012 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
|