Insights on United States 12 Month Natural Gas Fund's Recent Performance
Overview of Financial Performance
United States 12 Month Natural Gas Fund, LP, a Delaware limited partnership, recently revealed its monthly account statement for the period ending in August 2024. This statement, which features a comprehensive Statement of Income (Loss) along with a Statement of Changes in Net Asset Value, adheres to Rule 4.22 under the Commodity Exchange Act.
Significance of Financial Reports
The financial details were made public through Exhibit 99.1 of the Current Report on Form 8-K, which was submitted to the Securities and Exchange Commission (SEC). While these details are accessible on the fund's website, they should not be regarded as “filed” for regulatory purposes, nor incorporated by reference into existing or future securities filings unless explicitly mentioned.
Management and Governance
United States 12 Month Natural Gas Fund trades under the ticker UNL on NYSE Arca. This report was officially signed by Stuart P. Crumbaugh, the Chief Financial Officer of United States Commodity Funds LLC, which serves as the fund’s general partner.
Recent Financial Insights
In recent disclosures, the fund has provided monthly financial statements for the months prior to August 2024, including those for July, June, and May. These statements are crucial for understanding the fund's financial trajectory, showcasing vital aspects such as income and changes in net asset value—managed carefully by United States Commodity Funds LLC. Available on the fund's website, these documents comply with regulatory standards but will not be merged into filings under the Securities Act of 1933 unless specifically referenced.
Market Snapshot and Performance Metrics
The latest reports suggest that United States 12 Month Natural Gas Fund (UNL) has achieved a market capitalization of approximately $20.07 million. Current performance metrics present a mixed bag; there was a 1-week price total return of 1.43% alongside a more substantial 1-month return of 8.4%. However, longer-term performance reflects volatility, indicated by a negative 27.67% total return over the past year.
Key Considerations for Investors
Recent analysis highlights critical insights for potential investors. The fund faces challenges such as weak gross profit margins, which may significantly impact its profitability. Coupled with a concerning free cash flow yield, these factors suggest limited financial flexibility for the fund moving forward. A notable point for income-focused investors is that UNL does not distribute dividends, which might influence their investment decisions.
Volatility in the Natural Gas Market
These insights correlate directly with the nature of the fund as a commodity-based investment vehicle, where performance fluctuations are typically linked to the volatility of natural gas prices. The year-to-year returns exhibit the unpredictable nature of the natural gas market, making it vital for investors to remain informed and cautious.
Frequently Asked Questions
What is the purpose of the monthly report from United States 12 Month Natural Gas Fund?
The monthly report provides insights into the fund's financial performance, including income and changes in net asset value to aid investors in their decision-making.
How is United States 12 Month Natural Gas Fund traded?
The fund trades under the ticker symbol UNL on the NYSE Arca, Inc.
Who manages the United States 12 Month Natural Gas Fund?
The fund is managed by United States Commodity Funds LLC, which serves as the general partner.
What are the key financial metrics of UNL?
UNL has a market capitalization of approximately $20.07 million with recent returns showing mixed results over various timeframes.
Why is understanding the natural gas market important for investors in UNL?
The fund's performance is closely tied to natural gas prices, and understanding market volatility helps investors mitigate risk and make informed choices.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.