XML 23 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ 28,791,269 $ (132,888,937)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Change in unrealized (gain) loss on open commodity futures contracts (20,781,089) 8,450,660
(Increase) decrease in dividends receivable (4,458) 37,980
(Increase) decrease in interest receivable 13,812 5,227
(Increase) decrease in prepaid insurance [1] (44,019) (47,320)
(Increase) decrease in prepaid registration fees 81,000 68,250
(Increase) decrease in ETF transaction fees receivable 1,000 1,000
Increase (decrease) in General Partner management fees payable (62,051) (13,746)
Increase (decrease) in professional fees payable (248,719) (348,841)
Increase (decrease) in brokerage commissions payable (3,187) 6,000
Increase (decrease) in directors' fees payable [1] (638) 3,326
Increase (decrease) in license fees payable (2,532) 3,599
Net cash provided by (used in) operating activities 7,740,388 (124,722,802)
Cash Flows from Financing Activities:    
Addition of partnership shares 67,579,718 261,502,775
Redemption of partnership shares (247,745,545) (238,506,716)
Net cash provided by (used in) financing activities (180,165,827) 22,996,059
Net Increase (Decrease) in Cash and Cash Equivalents (172,425,439) (101,726,743)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period 440,482,567 458,998,451
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period $ 268,057,128 $ 357,271,708
[1] Certain prior year amounts have been reclassified for consistency with the current presentation.