Monthly Financial Overview of the United States 12 Month Oil Fund
Understanding the Financials of the United States 12 Month Oil Fund
The United States 12 Month Oil Fund, LP (NYSE Arca:USL) recently disclosed its monthly financial accounts, shedding light on its income, losses, and fluctuations in net asset value. This commodity pool operates under the Commodity Exchange Act and is managed by United States Commodity Funds LLC. Through a transparent reporting process, the fund aims to keep investors informed about its financial status.
Monthly Financial Report Insights
The report, publicly released through a Form 8-K filing with the Securities and Exchange Commission, reveals the fund's financial standing as of a recent month-end. It includes important financial statements such as the Statement of Income (Loss) and the Statement of Changes in Net Asset Value which provide a comprehensive overview of the fund’s performance during the specified time period.
Investment Focus
The United States 12 Month Oil Fund specializes in investments in futures contracts for various crude oil types, heating oil, gasoline, and other petroleum products. With a primary goal of providing investors with exposure to crude oil price movements, the fund serves those looking to capitalize on the commodity market.
Transparency and Accessibility
Investors and the public can easily access the fund's performance data on its official website. The available monthly account statements are essential for investors who prioritize transparency in their investments. The report highlights the importance of keeping stakeholders updated with recent developments and financial health.
Evaluating Recent Performance Metrics
According to the latest available data, the United States 12 Month Oil Fund (USL) boasts a market capitalization of approximately $53.97 million. This relatively small size reflects its position within the wider commodity fund space. Current pricing indicates USL is at 85.46% of its 52-week high, suggesting certain challenges in recent market conditions.
Price Movement Trends
Analyzing the fund's historical price performance reveals that USL has faced downward trends in several timeframes. Over a week, it showed a return of -1.94%, while the 3-month and 1-year returns stood at -11.2% and -10.27%, respectively. This data aligns with the characteristic volatility observed in oil-centered investments.
Considerations for Potential Investors
For prospective investors, a thorough examination of essential metrics is necessary. USL reflects weak gross profit margins, which may pose potential challenges for profitability moving forward. Moreover, the fund currently does not infuse dividends, making it a less enticing option for those seeking income-generating investments.
Future Outlook for USL
Understanding the broader market dynamics and volatility in the oil sector can help investors make informed decisions regarding their engagement with USL. Potential growth opportunities may arise as the fund adapts to market shifts and seeks to enhance its profitability strategies. The reporting ensures that stakeholders have real-time insight into these changes.
Frequently Asked Questions
What is the primary focus of the United States 12 Month Oil Fund?
The fund primarily invests in futures contracts for crude oil and other petroleum-based fuels, aiming to provide exposure to oil price movements.
How can I access the fund's monthly financial reports?
The monthly financial reports are available on the fund's official website, where investors can review performance data.
What does the recent performance data suggest about USL?
The recent performance data indicates a downward trend, with negative returns across multiple time frames, reflecting market challenges.
Are dividends offered by the United States 12 Month Oil Fund?
No, the fund currently does not pay dividends to its investors, which may affect income-focused investment strategies.
How does the fund ensure transparency for its investors?
USL ensures transparency by publicly disclosing its financial statements via filings and making them accessible on its website.
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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.