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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
1x Short VIX Futures ETF        
Income:        
Interest income $ 74,800 $ 18,977 $ 121,531 $ 18,984
Other Income 61   61
Total Income 74,800 19,037 121,531 19,045
Expenses:        
Management fees 225,408 163,452 394,913 163,562
Administrative, accounting and custodian fees 24,727 23,357 46,808 23,901
Professional fees 80,185 15,000 159,092 15,759
Licensing and registration fees 31,769 40,055 50,134 40,395
Broker interest expense 5,462 19,953 8,613 20,000
Total Expenses 367,551 261,816 659,560 263,617
Net Investment loss (292,751) (242,779) (538,029) (244,572)
Net realized gain (loss) on:        
Short Term Investments    
Futures 37,164,451 (4,573,051) 42,451,505 (4,577,129)
Net change in unrealized appreciation (depreciation) of:        
Short Term Investments    
Futures (811,301) 835,808 5,362,473 700,531
Net realized and unrealized gain (loss) on investments and futures contracts 36,353,150 (3,737,244) 47,813,978 (3,876,598)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS 36,060,399 (3,980,023) 47,275,949 (4,121,170)
INVESTMENT INCOME        
Dividends    
2x Long VIX Futures ETF        
Income:        
Interest income 301,835 16,778 434,271 16,782
Other Income 153   153
Total Income 301,835 16,931 434,271 16,935
Expenses:        
Management fees 521,809 111,085 919,658 111,223
Administrative, accounting and custodian fees 33,684 23,323 62,699 23,867
Professional fees 81,279 14,963 160,949 15,722
Licensing and registration fees 24,392 40,027 44,821 40,367
Broker interest expense 40 8,143 320 8,143
Total Expenses 661,204 197,542 1,188,447 199,322
Net Investment loss (359,369) (180,611) (754,176) (182,387)
Net realized gain (loss) on:        
Short Term Investments    
Futures (142,872,642) 7,528,449 (186,102,397) 7,527,995
Net change in unrealized appreciation (depreciation) of:        
Short Term Investments    
Futures (4,374,661) (256,944) (10,587,514) 19,258
Net realized and unrealized gain (loss) on investments and futures contracts (147,247,303) 7,271,505 (196,689,911) 7,547,253
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (147,606,672) $ 7,090,894 (197,444,087) 7,364,866
INVESTMENT INCOME        
Dividends