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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Jun. 30, 2025
FAIR VALUE OF FINANCIAL INSTRUMENTS |
Schedule of valuation of securities using fair value hierarchy | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At June 30, 2025 |  | Total |  | Level I |  | Level II |  | Level III
Short-Term Investments | ​ | $ | 21,630,000 | ​ | $ | 21,630,000 | ​ | $ | — | ​ | $ | —
Exchange-Traded Futures Contracts | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  |
United States Contracts | ​ | ​ | (2,429,195) | ​ | ​ | (2,429,195) | ​ | ​ | — | ​ | ​ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2024 |  | Total |  | Level I |  | Level II |  | Level III
Short-Term Investments | ​ | $ | 19,630,000 | ​ | $ | 19,630,000 | ​ | $ | — | ​ | $ | —
Exchange-Traded Futures Contracts | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
United States Contracts | ​ | ​ | (478,755) | ​ | ​ | (478,755) | ​ | ​ | — | ​ | ​ | —
Schedule of fair value of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Statements of | ​ | Fair Value at | ​ | Fair Value at
​ | ​ | Financial | ​ | June 30, | ​ | December 31,
Derivatives not Accounted for as Hedging Instruments |  | Condition Location |  | 2025 |  | 2024
Futures — Commodity Contracts |  | Unrealized gain(loss) on open commodity futures contracts | ​ | $ | (2,429,195) | ​ | $ | (478,755)
Schedule of effect of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | For the six months ended | ​ | For the six months ended
​ | ​ | ​ | ​ | June 30, 2024 | ​ | June 30, 2024
​ | ​ | ​ | ​ | ​ | ​ | Change in | ​ | ​ | ​ | Change in
​ | ​ | Location of | ​ | Realized | ​ | Unrealized | ​ | Realized | ​ | Unrealized
​ | ​ | Gain (Loss) | ​ | Gain (Loss) | ​ | Gain (Loss) on | ​ | Gain (Loss) | ​ | Gain (Loss) on
​ | ​ | on Derivatives | ​ | on Derivatives | ​ | Derivatives | ​ | on Derivatives | ​ | Derivatives
​ | ​ | Recognized in | ​ | Recognized in | ​ | Recognized in | ​ | Recognized in | ​ | Recognized in
Derivatives not Accounted for as Hedging Instruments |  | Income |  | Income |  | Income |  | Income |  | Income
Futures — Commodity Contracts | ​ | Realized gain (loss) on closed commodity futures contracts | ​ | $ | (2,381,328) | ​ | ​ | ​ | ​ | $ | 2,330,976 | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Change in unrealized gain (loss) on open commodity futures contracts | ​ | ​ | ​ | ​ | $ | (1,950,440) | ​ | ​ | ​ | ​ | $ | 5,507,124
​

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References No definition available. + Details
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