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Financial Highlights
 9 Months Ended
Sep. 30, 2022
Financial Highlights Disclosure [Abstract]  
FINANCIAL HIGHLIGHTS

NOTE 7 – FINANCIAL HIGHLIGHTS

 

Selected data is for a Share outstanding throughout the three months ended September 30, 2022

 

   -1x Short VIX
Futures
ETF		   2x Long VIX
Futures
ETF		 
   Quarter Ended   Quarter Ended 
   September 30, 2022
(Unaudited)		   September 30, 2022
(Unaudited)		 
Net Asset Value, Beginning of Period  $    10.40   $17.12 
Net investment loss (1)  $(0.06)  $(0.05)
Net Realized and Unrealized Gain (Loss) on Investments and Futures Contracts (2)  $(0.00)  $(3.20)
Net Increase (Decrease) in Net Asset Value Resulting from Operations  $(0.06)  $(3.25)
Net Asset Value, End of Period  $10.34   $13.87 
Market Value Per Share, at September 30, 2022 (3)  $10.52   $13.40 
Total Return at Net Asset Value (4)   -0.58%   -18.97%
Total Return at Market Value (4)   -0.87%   -18.21%
           
Ratios to Average Net Assets: (5)          
Expense ratio (6)   2.34%   2.35%
Net Investment Loss   -2.06%   -1.93%

 

(1) Net investment loss per share represents net investment loss divided by the daily average shares of beneficial interest outstanding during the period.
(2) Due to timing of capital share transactions, per share amounts may not compare with amounts appearing elsewhere within these Financial Statements.
(3) Market values are determined at the close of the applicable primary listing exchange, which may be later than when the Funds’ net asset value is calculated.
(4) Percentages are not annualized for the period ended September 30, 2022.  
(5) Percentages are annualized.
(6) The expense ratio would be 2.23% and 2.27% respectively, if brokerage commissions and futures and futures account fees were excluded.