Today, United States 12 Month Natural Gas Fund, LP (NYSE Arca: UNL), currently trading at $7.85 with a market capitalization of $19.04 million, disclosed its monthly financial statement for November 2024, as required by commodity regulations.
The report, which includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, was made public in accordance with Rule 4.22 under the Commodity Exchange Act.
The financial statement released by the Registrant, which operates under the organization name 09 Crypto Assets and is headquartered in Walnut Creek, California, provides essential information to investors about the fund's performance over the past month. The fund has experienced a year-to-date decline of 9.44% and trades within a 52-week range of $6.79 to $9.85.
According to InvestingPro analysis, which offers comprehensive financial metrics and insights, this includes detailed income and net asset value changes that are crucial for assessing the fund's financial health and performance.
The United States 12 Month Natural Gas Fund, LP is a Delaware limited partnership, and its financial statements are a key source of data for investors interested in the natural gas market. While InvestingPro data indicates the fund maintains a GOOD overall financial health score, it's worth noting that it currently suffers from weak gross profit margins. The fund's shares are traded on the NYSE Arca, offering investors exposure to the price movements of natural gas.
Investors and interested parties can access the monthly account statement on the Registrant's website at www.uscfinvestments.com. It's important to note that the information provided in this report, including the attached Exhibit 99.1, is not considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference into any filings under the Securities Act of 1933, unless specifically referenced in such filings.
This disclosure is based on a press release statement and adheres to the guidelines for reporting financial information, ensuring a clear and factual presentation of the Registrant's financial status as of November 30, 2024.
In other recent news, the United States 12 Month Natural Gas Fund, LP has been consistently releasing its monthly financial statements. These statements, which provide a detailed overview of the fund's income, losses, and changes in net asset value, are made available in accordance with Rule 4.22 under the Commodity Exchange Act. The fund's commitment to transparency is evident in these regular disclosures, which offer investors insights into its financial performance.
These statements are not considered "filed" for regulatory purposes, meaning they are not subject to the liabilities of Section 18 of the Securities Exchange Act of 1934. The fund's management team, led by Chief Financial Officer Stuart P. Crumbaugh, is responsible for ensuring compliance with these regulatory requirements.
However, the fund has faced challenges this year, as indicated by data from InvestingPro showing a year-to-date decline of 13.17%. The same source suggests potential headwinds for investors due to weak gross profit margins and poor free cash flow yield.
In terms of analyst notes, there have been no recent upgrades or downgrades. The fund's financial details are readily available on its website, providing investors with a greater degree of transparency into its operations and results.
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