Form 8-K United States Short Oil For: Jan 30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): January 30, 2017

 

	UNITED STATES SHORT OIL FUND, LP
	(Exact name of registrant as specified in its charter)
Delaware	001-34371	26-2939256
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
	1999 Harrison Street, Suite 1530 Oakland, California 94612
(510) 522-9600	(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code
	Not Applicable
	(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 7.01. Regulation FD Disclosure.

 

On January 30, 2017, United States Short Oil Fund, LP (the “Registrant”) issued its monthly account statement for the month ended December 31, 2016, which is presented in the form of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required pursuant to Rule 4.22 under the Commodity Exchange Act. A copy of the monthly account statement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and also can be found on the Registrant’s website at www.unitedstatescommodityfunds.com. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit 99.1 Monthly Account Statement of the Registrant for the month ended December 31, 2016. 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	UNITED STATES SHORT OIL FUND, LP
	By:	United States Commodity Funds LLC, its general partner
Date:  January 30, 2017	By:	/s/ Stuart P. Crumbaugh
	Name:	Stuart P. Crumbaugh
	Title:	Chief Financial Officer

 

Exhibit 99.1 

United States Short Oil Fund, LP
Monthly Account Statement
For the Month Ended December 31, 2016

Statement of Income (Loss)
Income
Realized Trading Gain (Loss) on Futures		$	(1,104,540	)
Unrealized Gain (Loss) on Market Value of Futures			455,020
Dividend Income			913
Interest Income			2,208
Total Income (Loss)		$	(646,399	)
Expenses
General Partner Management Fees		$	4,819
Professional Fees			6,692
Brokerage Commissions			1,476
Non-interested Directors' Fees and Expenses			53
Prepaid Insurance Expense			108
NYMEX License Fee			121
Total Expenses			13,269
Expense Waiver			(7,377	)
Net Expenses		$	5,892
Net Income (Loss)		$	(652,291	)

Statement of Changes in Net Asset Value
Net Asset Value Beginning of Month 12/1/16		$	9,946,404
Net Income (Loss)			(652,291	)
Net Asset Value End of Month		$	9,294,113
Net Asset Value Per Share (150,000 Shares)		$	61.96

To the Limited Partners of United States Short Oil Fund, LP:
Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended December 31, 2016 is accurate and complete.

/s/ Stuart P. Crumbaugh
Stuart P. Crumbaugh
Chief Financial Officer
United States Commodity Funds LLC, General Partner of United States Short Oil Fund, LP
United States Commodity Funds LLC
1999 Harrison Street, Suite 1530
Oakland, CA 94612

 

 

 

 

 

 

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