United States 12 Month Oil Fund posts May net loss, NAV falls to $54.0M; NAV/share $51.45

United States 12 Month Oil Fund reported a net loss of $2,614,461 for May and month-end net asset value of $54,024,343.

Key Highlights:

• Realized trading gain of $3,613,175 offset by $6,349,556 unrealized futures loss, driving total net loss of $2,614,461.
• Total income (loss) for May was $(2,566,067), with dividend and interest income of $127,172 and $41,392 respectively.
• Total expenses were $48,394, including $29,428 in general partner management fees.
• Net asset value fell from $59,033,804 on May 1 to $54,024,343 at month-end after $5,342,524 additions and $7,737,524 withdrawals.
• Net asset value per share at month-end was $51.45 based on 1,050,000 shares outstanding.

Original SEC Filing:

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