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The United States 12 Month Oil Fund, LP (NYSE Arca:USL), currently trading at $38.58 with a market capitalization of $48.23 million, has disclosed its monthly account statement for December 2024. The statement, which includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, was provided in accordance with Rule 4.22 under the Commodity Exchange Act.
The report, filed today, showcases the financial performance of the fund at the end of the previous month. The fund has demonstrated a positive YTD return of 1.47% and maintains a "GREAT" Financial Health Score according to InvestingPro analysis. The details of the account statement are also available on the fund’s website, as noted in the 8-K filing with the Securities and Exchange Commission (SEC).
In compliance with SEC regulations, the information in the monthly account statement, along with the accompanying Exhibit 99.1, is considered furnished and not filed. Consequently, it is not subject to the liabilities 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 explicitly referenced in such filings.
The United States 12 Month Oil Fund, managed by United States Commodity Funds LLC, is designed to track the movements of oil prices. It provides investors with exposure to futures contracts for different months and is traded on the NYSE Arca. With a 1-year return of 3.27%, InvestingPro analysis reveals several key insights about the fund’s performance and structure, with additional ProTips available to subscribers.
This announcement is based on the latest 8-K filing by the United States 12 Month Oil Fund, LP.
In other recent news, the United States 12 Month Oil Fund, LP has been consistently providing updates on its financial status. The fund has disclosed its monthly financial statements for November, October, and September 2024, in compliance with the Commodity Exchange Act Rule 4.22. These reports, inclusive of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, offer a snapshot of the fund’s financial performance.
According to analysis by InvestingPro, the fund maintains a financial health score of 3.22, yet suffers from weak gross profit margins. The United States Commodity Funds LLC, the fund’s manager, has been committed to transparency, making these reports accessible on its website.
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