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v3.23.2

Statement of Changes in Net Assets - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
-1x Short VIX Futures ETF |  |  |  |
OPERATIONS |  |  |  |
Net investment loss | $ (292,751) | $ (242,779) | $ (538,029) | $ (244,572)
Net realized gain (loss) on investments and futures contracts | 37,164,451 | (4,573,051) | 42,451,505 | (4,577,129)
Net change in unrealized appreciation (depreciation) of investments and futures contracts | (811,301) | 835,808 | 5,362,473 | 700,531
Net increase (decrease) in net assets resulting from operations | 36,060,399 | (3,980,023) | 47,275,949 | (4,121,170)
CAPITAL SHARE TRANSACTIONS |  |  |  |
Shares sold | 33,849,864 | 126,466,848 | 118,500,459 | 131,987,205
Shares redeemed | (72,249,312) | (80,976,664) | (139,852,598) | (80,976,664)
Net increase (decrease) in net assets from capital share transactions | (38,399,448) | 45,490,184 | (21,352,139) | 51,010,541
Total increase (decrease) in net assets | (2,339,049) | 41,510,161 | 25,923,810 | 46,889,371
NET ASSETS |  |  |  |
Beginning of Period | 74,641,462 | 5,379,210 | 46,378,603 |
End of Period | 72,302,413 | 46,889,371 | 72,302,413 | 46,889,371
2x Long VIX Futures ETF |  |  |  |
OPERATIONS |  |  |  |
Net investment loss | (359,369) | (180,611) | (754,176) | (182,387)
Net realized gain (loss) on investments and futures contracts | (142,872,642) | 7,528,449 | (186,102,397) | 7,527,995
Net change in unrealized appreciation (depreciation) of investments and futures contracts | (4,374,661) | (256,944) | (10,587,514) | 19,258
Net increase (decrease) in net assets resulting from operations | (147,606,672) | 7,090,894 | (197,444,087) | 7,364,866
CAPITAL SHARE TRANSACTIONS |  |  |  |
Shares sold | 174,563,374 | 101,014,240 | 278,060,557 | 104,734,579
Shares redeemed | (48,655,759) | (51,662,990) | (120,766,434) | (51,662,990)
Net increase (decrease) in net assets from capital share transactions | 125,907,615 | 49,351,250 | 157,294,123 | 53,071,589
Total increase (decrease) in net assets | (21,699,057) | 56,442,145 | (40,149,964) | 60,436,456
NET ASSETS |  |  |  |
Beginning of Period | 107,037,859 | 3,994,311 | 125,488,766 |
End of Period | $ 85,338,802 | $ 60,436,456 | $ 85,338,802 | $ 60,436,456

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