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Financial Highlights
 6 Months Ended
Jun. 30, 2023
Financial Highlights Disclosure [Abstract]  
FINANCIAL HIGHLIGHTS

NOTE 7 - FINANCIAL HIGHLIGHTS

 

Selected data is for a Share outstanding throughout the Three Months Ended June 30, 2023 (Unaudited) and June 30, 2022 (Unaudited)

 

   -1x Short VIX Futures ETF   2x Long VIX Futures ETF   -1x Short VIX Futures ETF   2x Long VIX Futures ETF 
   Quarter Ended   Quarter Ended   Quarter Ended   Quarter Ended 
   June 30,
2023		   June 30,
2023		   June 30,
2022		   June 30,
2022		 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Net Asset Value, Beginning of Period  $16.55   $15.88   $14.16   $83.20 
Net investment loss (1)   (0.09)   (0.03)   (0.05)   (0.60)
Net Realized and Unrealized Gain (Loss) on Investments and Futures Contracts (2)   11.67    (11.41)   (3.71)   3.00 
Net Increase (Decrease) in Net Asset Value Resulting from Operations   11.58    (11.44)   (3.76)   2.40 
Net Asset Value, End of Period  $28.13   $4.44   $10.40   $85.60 
Market Value Per Share, at June 30, 2023 and June 30, 2022  $28.07   $4.46   $10.40   $85.40 
Total Return at Net Asset Value (4)   69.97%   -72.04%   -26.56%   2.88%
Total Return at Market Value (4)   70.02%   -72.09%   -25.93%   1.30%
                     
Ratios to Average Net Assets: (5)                    
Expense ratio (6)   2.20%   2.09%   2.18%   2.91%
Net Investment Loss   -1.75%   -1.14%   -0.50%   -0.67%

 

(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 June 30, 2023 and June 30, 2022
(5)Percentages are annualized.
(6)The expense ratio would be 2.17% and 2.09% respectively, for the three months ended June 30, 2023, and 2.00% and 2.81% for the three months ended June 30, 2022 if brokerage commissions and futures and futures account fees were excluded.

 

Selected data is for a Share outstanding throughout the Six Months Ended June 30, 2023 (Unaudited) and June 30, 2022 (Unaudited)

 

   -1x Short VIX Futures ETF   2x Long VIX Futures ETF   -1x Short VIX Futures ETF   2x Long VIX Futures ETF 
   Six Months Ended   Six Months Ended   Six Months Ended   Six Months Ended 
   June 30,
2023		   June 30,
2023 (7)		   June 30,
2022		   June 30,
2022 (7)		 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Net Asset Value, Beginning of Period  $14.63   $29.25   $15.00   $75.00 
Net investment loss (1)   (0.17)   (0.08)   (0.06)   (1.20)
Net Realized and Unrealized Gain (Loss) on Investments and Futures Contracts (2)   13.67    (24.73)   (4.54)   11.80 
Net Increase (Decrease) in Net Asset Value Resulting from Operations   13.50    (24.81)   (4.60)   10.60 
Net Asset Value, End of Period  $28.13   $4.44   $10.40   $85.60 
Market Value Per Share, at June 30, 2023 and June 30, 2022  $28.07   $4.46   $10.40   $85.40 
Total Return at Net Asset Value (4)   92.28%   -84.82%   -30.67%   14.13%
Total Return at Market Value (4)   91.47%   -84.67%   -30.67%   13.87%
                     
Ratios to Average Net Assets: (5)                    
Expense ratio (6)   2.25%   2.13%   2.18%   2.91%
Net Investment Loss   -1.84%   -1.35%   -0.50%   -0.67%

 

(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 June 30, 2023 and June 30, 2022
(5)Percentages are annualized.
(6)The expense ratio would be 2.23% and 2.13% respectively, for the six months ended June 30, 2023, and 2.01% and 2.84% for the six months ended June 30, 2022 if brokerage commissions and futures and futures account fees were excluded.
(7)For 2x Long VIX Futures ETF, fianancial highlights have been adjusted to reflect a 1:5 reverse stock split occurring on January 25, 2023, as if it occurred at the commencment of operations.