The United States 12 Month Natural Gas Fund, LP (NYSE Arca: UNL), disclosed its monthly financial statement for July 2024 today, providing investors with an update on its financial status, including income and net asset value changes.
The report released Wednesday, which is not filed with the SEC but available on the fund's website, details the financial performance of the fund for the month ending July 31, 2024. It includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value as mandated by Rule 4.22 under the Commodity Exchange Act.
The United States 12 Month Natural Gas Fund, managed by United States Commodity Funds LLC, offers exposure to natural gas and is traded on the NYSE Arca. It is designed to track the movements of natural gas prices over a 12-month period, providing investors with the opportunity to gain from the commodity's price dynamics.
As per the statement, the information provided in the monthly account should not be considered as filed for regulatory purposes or as liable under the Securities Exchange Act of 1934. Additionally, it should not be assumed to be incorporated by reference into any filings under the Securities Act of 1933, unless explicitly stated in such filings.
Investors and stakeholders can view the comprehensive monthly account statement on the fund's website at www.uscfinvestments.com. The fund, headquartered in Walnut Creek, California, operates under the fiscal year ending December 31.
This financial disclosure, based on a press release statement, allows investors to stay informed about the fund's performance and make more informed decisions regarding their investment in the natural gas commodity market.
In other recent news, the United States 12 Month Natural Gas Fund, LP has released its monthly financial statements for June and May 2024. These statements, which include a detailed Statement of Income (Loss) and a Statement of Changes in Net Asset Value, provide investors with insights into the fund's financial performance and changes in net asset value. The financial disclosures, managed by the fund's general partner, United States Commodity Funds LLC, are in compliance with Rule 4.22 under the Commodity Exchange Act.
These documents, available on the fund's website, are not considered "filed" for regulatory purposes and will not be incorporated into any filings under the Securities Act of 1933 unless specifically referenced. The United States 12 Month Natural Gas Fund, LP ensures that all necessary information is available to the public, in line with regulations set forth by the SEC.
These filings are crucial for investors who track the performance of commodities and related investment vehicles. These recent developments offer a snapshot of the fund's financial status as of the end of June and May 2024, providing investors with the necessary information for their decision-making process.
InvestingPro Insights
As the United States 12 Month Natural Gas Fund (UNL) provides its latest financial updates, noteworthy metrics from InvestingPro paint a picture of its recent market performance. With a relatively small market capitalization of $18.64 million, UNL has experienced a downturn in its price returns over various time frames, demonstrating the volatility inherent in commodity-based funds. Specifically, the fund's price has declined by 14.8% year-to-date, and it sits at 61.43% of its 52-week high, signaling that it may be trading at a discount relative to the past year's valuation.
InvestingPro Tips highlight a couple of potential concerns for investors: UNL suffers from weak gross profit margins and its valuation implies a poor free cash flow yield. Additionally, the fund does not pay a dividend, which might be a factor for income-focused investors to consider. For those interested in a deeper dive into the fund's performance and more tips, InvestingPro offers additional insights on its platform, with a total of 4 tips available for UNL at https://www.investing.com/pro/UNL.
These metrics and tips could be particularly valuable for investors who rely on real-time data to inform their investment decisions in the natural gas market. The ability to track a fund's price performance in relation to its 52-week high and other time frames can offer perspective on potential entry and exit points. While the monthly financial statement provides a snapshot of the fund's health, the InvestingPro data and tips offer a more dynamic view of how UNL is faring in the broader market context.
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