Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - United States Short Oil Fund, LP | v394994_8-k.htm |
Exhibit 99.1
United States Short Oil Fund, LP
Monthly Account Statement
For the Month Ended October 31, 2014
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Futures | $ | 886,564 | ||
| Unrealized Gain (Loss) on Market Value of Futures | 270,230 | |||
| Dividend Income | 24 | |||
| Interest Income | 158 | |||
| ETF Transaction Fees | 350 | |||
| Total Income (Loss) | $ | 1,157,326 | ||
| Expenses | ||||
| Professional Fees | $ | 17,360 | ||
| General Partner Management Fees | 4,096 | |||
| Brokerage Commissions | 978 | |||
| Prepaid Insurance Expense | 172 | |||
| NYMEX License Fee | 103 | |||
| Non-interested Directors' Fees and Expenses | 92 | |||
| Total Expenses | 22,801 | |||
| Expense Waiver | (17,700 | ) | ||
| Net Expenses | $ | 5,101 | ||
| Net Income (Loss) | $ | 1,152,225 | ||
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 10/1/14 | $ | 10,224,054 | ||
| Withdrawals (150,000 Shares) | (5,670,039 | ) | ||
| Net Income (Loss) | 1,152,225 | |||
| Net Asset Value End of Month | $ | 5,706,240 | ||
| Net Asset Value Per Share (150,000 Shares) | $ | 38.04 | ||
| 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 October 31, 2014 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 | |
| 1999 Harrison Street, Suite 1530 | |
| Oakland, CA 94612 | |