v2.4.0.8
Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
ProShares UltraShort DJ-UBS Commodity [Member]
   
Investment Income    
Interest $ 308 $ 725
Expenses    
Management fee 8,299 7,585
Total expenses 8,299 7,585
Net investment income (loss) (7,991) (6,860)
Net realized gain (loss) on    
Swap agreements (635,695) 308,498
Short-term U.S. government and agency obligations   2
Net realized gain (loss) (635,695) 308,500
Change in net unrealized appreciation/depreciation on    
Swap agreements 129,934 (241,421)
Short-term U.S. government and agency obligations 55 (187)
Change in net unrealized appreciation/depreciation 129,989 (241,608)
Net realized and unrealized gain (loss) (505,706) 66,892
Net income (loss) (513,697) 60,032
Net income (loss) per weighted-average share $ (8.56) $ 1.00
Weighted-average shares outstanding 59,997 59,997
ProShares UltraShort DJ-UBS Crude Oil [Member]
   
Investment Income    
Interest 36,973 25,309
Expenses    
Management fee 623,553 339,584
Brokerage commissions 12,693 7,035
Total expenses 636,246 346,619
Net investment income (loss) (599,273) (321,310)
Net realized gain (loss) on    
Futures contracts (2,911,251) (8,487,969)
Swap agreements (9,366,750) 2,362,811
Short-term U.S. government and agency obligations 5,289 (671)
Net realized gain (loss) (12,272,712) (6,125,829)
Change in net unrealized appreciation/depreciation on    
Futures contracts (5,031,541) 4,261,245
Swap agreements 1,639,969 (5,761,354)
Short-term U.S. government and agency obligations (1,878) (938)
Change in net unrealized appreciation/depreciation (3,393,450) (1,501,047)
Net realized and unrealized gain (loss) (15,666,162) (7,626,876)
Net income (loss) (16,265,435) (7,948,186)
Net income (loss) per weighted-average share $ (1.87) $ (2.10)
Weighted-average shares outstanding 8,687,722 3,779,388
ProShares UltraShort DJ-UBS Natural Gas [Member]
   
Investment Income    
Interest 6,683 2,401
Expenses    
Management fee 131,806 36,143
Brokerage commissions 30,462 9,824
Total expenses 162,268 45,967
Net investment income (loss) (155,585) (43,566)
Net realized gain (loss) on    
Futures contracts (9,215,034) (1,773,421)
Short-term U.S. government and agency obligations 2,052 (104)
Net realized gain (loss) (9,212,982) (1,773,525)
Change in net unrealized appreciation/depreciation on    
Futures contracts 3,437,020 (3,905,888)
Short-term U.S. government and agency obligations 2,243 (224)
Change in net unrealized appreciation/depreciation 3,439,263 (3,906,112)
Net realized and unrealized gain (loss) (5,773,719) (5,679,637)
Net income (loss) (5,929,304) (5,723,203)
Net income (loss) per weighted-average share $ (4.67) $ (33.69)
Weighted-average shares outstanding 1,270,507 169,869
ProShares UltraShort Gold [Member]
   
Investment Income    
Interest 15,195 15,757
Expenses    
Management fee 265,552 226,458
Brokerage commissions 16 16
Total expenses 265,568 226,474
Net investment income (loss) (250,373) (210,717)
Net realized gain (loss) on    
Futures contracts (18,560) 33,420
Forward agreements (22,131,127) 12,850,047
Short-term U.S. government and agency obligations 1,495 (399)
Net realized gain (loss) (22,148,192) 12,883,068
Change in net unrealized appreciation/depreciation on    
Futures contracts 2,340 (16,650)
Forward agreements 2,898,709 (6,976,138)
Short-term U.S. government and agency obligations 3,529 800
Change in net unrealized appreciation/depreciation 2,904,578 (6,991,988)
Net realized and unrealized gain (loss) (19,243,614) 5,891,080
Net income (loss) (19,493,987) 5,680,363
Net income (loss) per weighted-average share $ (15.41) $ 3.85
Weighted-average shares outstanding 1,265,311 1,475,311
ProShares UltraShort Silver [Member]
   
Investment Income    
Interest 12,957 22,355
Expenses    
Management fee 204,160 250,527
Brokerage commissions 8 8
Total expenses 204,168 250,535
Net investment income (loss) (191,211) (228,180)
Net realized gain (loss) on    
Futures contracts 5,350 31,940
Forward agreements (12,619,755) 29,172,572
Short-term U.S. government and agency obligations 1,541 1,141
Net realized gain (loss) (12,612,864) 29,205,653
Change in net unrealized appreciation/depreciation on    
Futures contracts (8,870) (12,500)
Forward agreements 9,970,437 (19,052,397)
Short-term U.S. government and agency obligations (518) (3,354)
Change in net unrealized appreciation/depreciation 9,961,049 (19,068,251)
Net realized and unrealized gain (loss) (2,651,815) 10,137,402
Net income (loss) (2,843,026) 9,909,222
Net income (loss) per weighted-average share $ (2.64) $ 4.64
Weighted-average shares outstanding 1,078,489 2,136,822
ProShares Short Euro [Member]
   
Investment Income    
Interest 1,046 514
Expenses    
Management fee 17,406  
Brokerage commissions 239 116
Offering costs   10,110
Limitation by Sponsor   (1,307)
Total expenses 17,645 8,919
Net investment income (loss) (16,599) (8,405)
Net realized gain (loss) on    
Futures contracts (66,588) (8,000)
Short-term U.S. government and agency obligations 258 142
Net realized gain (loss) (66,330) (7,858)
Change in net unrealized appreciation/depreciation on    
Futures contracts 81,131 116,769
Short-term U.S. government and agency obligations (190) (160)
Change in net unrealized appreciation/depreciation 80,941 116,609
Net realized and unrealized gain (loss) 14,611 108,751
Net income (loss) (1,988) 100,346
Net income (loss) per weighted-average share $ (0.01) $ 1.00
Weighted-average shares outstanding 207,783 100,005
ProShares UltraShort Australian Dollar [Member]
   
Investment Income    
Interest 3,864 498
Expenses    
Management fee 59,260  
Brokerage commissions 3,782 398
Offering costs   10,110
Limitation by Sponsor   (1,341)
Total expenses 63,042 9,167
Net investment income (loss) (59,178) (8,669)
Net realized gain (loss) on    
Futures contracts (78,609) 112,030
Short-term U.S. government and agency obligations 404 135
Net realized gain (loss) (78,205) 112,165
Change in net unrealized appreciation/depreciation on    
Futures contracts (2,139,484) (195,160)
Short-term U.S. government and agency obligations (415) (159)
Change in net unrealized appreciation/depreciation (2,139,899) (195,319)
Net realized and unrealized gain (loss) (2,218,104) (83,154)
Net income (loss) (2,277,282) (91,823)
Net income (loss) per weighted-average share $ (4.13) $ (0.92)
Weighted-average shares outstanding 551,672 100,005
ProShares UltraShort Euro [Member]
   
Investment Income    
Interest 69,357 87,230
Expenses    
Management fee 970,756 1,180,343
Total expenses 970,756 1,180,343
Net investment income (loss) (901,399) (1,093,113)
Net realized gain (loss) on    
Foreign currency forward contracts (12,182,041) (2,949,680)
Short-term U.S. government and agency obligations 1,938 (393)
Net realized gain (loss) (12,180,103) (2,950,073)
Change in net unrealized appreciation/depreciation on    
Foreign currency forward contracts 10,024,197 26,813,021
Short-term U.S. government and agency obligations (10,487) (740)
Change in net unrealized appreciation/depreciation 10,013,710 26,812,281
Net realized and unrealized gain (loss) (2,166,393) 23,862,208
Net income (loss) (3,067,792) 22,769,095
Net income (loss) per weighted-average share $ (0.13) $ 0.86
Weighted-average shares outstanding 24,156,681 26,607,236
ProShares UltraShort Yen [Member]
   
Investment Income    
Interest 78,224 69,492
Expenses    
Management fee 1,028,533 1,005,098
Total expenses 1,028,533 1,005,098
Net investment income (loss) (950,309) (935,606)
Net realized gain (loss) on    
Foreign currency forward contracts (102,730) 96,886,297
Short-term U.S. government and agency obligations 8,346 (662)
Net realized gain (loss) (94,384) 96,885,635
Change in net unrealized appreciation/depreciation on    
Foreign currency forward contracts (24,540,300) (35,381,549)
Short-term U.S. government and agency obligations (2,113) (3,808)
Change in net unrealized appreciation/depreciation (24,542,413) (35,385,357)
Net realized and unrealized gain (loss) (24,636,797) 61,500,278
Net income (loss) (25,587,106) 60,564,672
Net income (loss) per weighted-average share $ (3.93) $ 8.05
Weighted-average shares outstanding 6,513,738 7,522,627
ProShares Ultra DJ-UBS Commodity [Member]
   
Investment Income    
Interest 332 750
Expenses    
Management fee 7,289 12,379
Total expenses 7,289 12,379
Net investment income (loss) (6,957) (11,629)
Net realized gain (loss) on    
Swap agreements 537,342 (508,897)
Short-term U.S. government and agency obligations   16
Net realized gain (loss) 537,342 (508,881)
Change in net unrealized appreciation/depreciation on    
Swap agreements (129,206) 421,315
Short-term U.S. government and agency obligations 91 (72)
Change in net unrealized appreciation/depreciation (129,115) 421,243
Net realized and unrealized gain (loss) 408,227 (87,638)
Net income (loss) 401,270 (99,267)
Net income (loss) per weighted-average share $ 2.67 $ (0.46)
Weighted-average shares outstanding 150,014 217,236
ProShares Ultra DJ-UBS Crude Oil [Member]
   
Investment Income    
Interest 21,701 63,274
Expenses    
Management fee 345,942 840,387
Brokerage commissions 9,151 14,917
Total expenses 355,093 855,304
Net investment income (loss) (333,392) (792,030)
Net realized gain (loss) on    
Futures contracts 7,591,428 39,747,184
Swap agreements 13,602,240 26,817,141
Short-term U.S. government and agency obligations 6,387 (1,033)
Net realized gain (loss) 21,200,055 66,563,292
Change in net unrealized appreciation/depreciation on    
Futures contracts 1,482,653 (20,597,894)
Swap agreements (997,942) (8,140,049)
Short-term U.S. government and agency obligations (8,564) (11,459)
Change in net unrealized appreciation/depreciation 476,147 (28,749,402)
Net realized and unrealized gain (loss) 21,676,202 37,813,890
Net income (loss) 21,342,810 37,021,860
Net income (loss) per weighted-average share $ 4.56 $ 3.15
Weighted-average shares outstanding 4,680,281 11,755,281
ProShares Ultra DJ-UBS Natural Gas [Member]
   
Investment Income    
Interest 6,273 11,677
Expenses    
Management fee 105,844 176,613
Brokerage commissions 17,991 32,935
Total expenses 123,835 209,548
Net investment income (loss) (117,562) (197,871)
Net realized gain (loss) on    
Futures contracts 16,803,375 5,748,194
Short-term U.S. government and agency obligations 2,707 1,193
Net realized gain (loss) 16,806,082 5,749,387
Change in net unrealized appreciation/depreciation on    
Futures contracts 1,805,128 17,861,568
Short-term U.S. government and agency obligations (2,402) 1,275
Change in net unrealized appreciation/depreciation 1,802,726 17,862,843
Net realized and unrealized gain (loss) 18,608,808 23,612,230
Net income (loss) 18,491,246 23,414,359
Net income (loss) per weighted-average share $ 18.61 $ 12.31
Weighted-average shares outstanding 993,830 1,902,163
ProShares Ultra Gold [Member]
   
Investment Income    
Interest 13,828 59,078
Expenses    
Management fee 331,351 762,612
Brokerage commissions 16 16
Total expenses 331,367 762,628
Net investment income (loss) (317,539) (703,550)
Net realized gain (loss) on    
Futures contracts 18,520 (33,500)
Forward agreements 23,415,100 (50,381,705)
Short-term U.S. government and agency obligations (70) 2,659
Net realized gain (loss) 23,433,550 (50,412,546)
Change in net unrealized appreciation/depreciation on    
Futures contracts (2,300) 16,620
Forward agreements (5,197,098) 24,874,498
Short-term U.S. government and agency obligations 9,365 (8,586)
Change in net unrealized appreciation/depreciation (5,190,033) 24,882,532
Net realized and unrealized gain (loss) 18,243,517 (25,530,014)
Net income (loss) 17,925,978 (26,233,564)
Net income (loss) per weighted-average share $ 5.98 $ (6.50)
Weighted-average shares outstanding 2,996,125 4,034,458
ProShares Ultra Silver [Member]
   
Investment Income    
Interest 62,602 159,260
Expenses    
Management fee 1,187,904 1,783,659
Brokerage commissions 8 8
Total expenses 1,187,912 1,783,667
Net investment income (loss) (1,125,310) (1,624,407)
Net realized gain (loss) on    
Futures contracts (5,350) (32,140)
Forward agreements 73,960,922 (215,656,408)
Short-term U.S. government and agency obligations 3,069 14,213
Net realized gain (loss) 73,958,641 (215,674,335)
Change in net unrealized appreciation/depreciation on    
Futures contracts 8,870 12,250
Forward agreements (55,645,481) 137,633,988
Short-term U.S. government and agency obligations (3,928) (27,621)
Change in net unrealized appreciation/depreciation (55,640,539) 137,618,617
Net realized and unrealized gain (loss) 18,318,102 (78,055,718)
Net income (loss) 17,192,792 (79,680,125)
Net income (loss) per weighted-average share $ 2.34 $ (17.88)
Weighted-average shares outstanding 7,332,328 4,456,118
ProShares Ultra Australian Dollar [Member]
   
Investment Income    
Interest 558 646
Expenses    
Management fee 7,508  
Brokerage commissions 380 362
Offering costs   10,110
Limitation by Sponsor   (334)
Total expenses 7,888 10,138
Net investment income (loss) (7,330) (9,492)
Net realized gain (loss) on    
Futures contracts (27,427) (149,275)
Short-term U.S. government and agency obligations   (95)
Net realized gain (loss) (27,427) (149,370)
Change in net unrealized appreciation/depreciation on    
Futures contracts 311,205 223,960
Short-term U.S. government and agency obligations (77) (160)
Change in net unrealized appreciation/depreciation 311,128 223,800
Net realized and unrealized gain (loss) 283,701 74,430
Net income (loss) 276,371 64,938
Net income (loss) per weighted-average share $ 2.76 $ 0.65
Weighted-average shares outstanding 100,005 100,005
ProShares Ultra Euro [Member]
   
Investment Income    
Interest 378 676
Expenses    
Management fee 6,042 11,400
Total expenses 6,042 11,400
Net investment income (loss) (5,664) (10,724)
Net realized gain (loss) on    
Foreign currency forward contracts 85,136 (65,362)
Short-term U.S. government and agency obligations   14
Net realized gain (loss) 85,136 (65,348)
Change in net unrealized appreciation/depreciation on    
Foreign currency forward contracts (79,978) (221,155)
Short-term U.S. government and agency obligations (39) (22)
Change in net unrealized appreciation/depreciation (80,017) (221,177)
Net realized and unrealized gain (loss) 5,119 (286,525)
Net income (loss) (545) (297,249)
Net income (loss) per weighted-average share $ (0.01) $ (1.49)
Weighted-average shares outstanding 100,014 200,014
ProShares Ultra Yen [Member]
   
Investment Income    
Interest 435 826
Expenses    
Management fee 6,855 10,886
Total expenses 6,855 10,886
Net investment income (loss) (6,420) (10,060)
Net realized gain (loss) on    
Foreign currency forward contracts (10,517) (1,217,971)
Short-term U.S. government and agency obligations 76 42
Net realized gain (loss) (10,441) (1,217,929)
Change in net unrealized appreciation/depreciation on    
Foreign currency forward contracts 118,080 423,734
Short-term U.S. government and agency obligations (102) (159)
Change in net unrealized appreciation/depreciation 117,978 423,575
Net realized and unrealized gain (loss) 107,537 (794,354)
Net income (loss) 101,117 (804,414)
Net income (loss) per weighted-average share $ 0.67 $ (4.30)
Weighted-average shares outstanding 150,014 187,236
ProShares VIX Short-Term Futures ETF [Member]
   
Investment Income    
Interest 23,668 24,328
Expenses    
Management fee 377,465 351,671
Total expenses 377,465 351,671
Net investment income (loss) (353,797) (327,343)
Net realized gain (loss) on    
Futures contracts 15,779,707 (55,408,949)
Short-term U.S. government and agency obligations 6,606 (1,762)
Net realized gain (loss) 15,786,313 (55,410,711)
Change in net unrealized appreciation/depreciation on    
Futures contracts 11,625,721 (8,124,641)
Short-term U.S. government and agency obligations (4,584) (71)
Change in net unrealized appreciation/depreciation 11,621,137 (8,124,712)
Net realized and unrealized gain (loss) 27,407,450 (63,535,423)
Net income (loss) 27,053,653 (63,862,766)
Net income (loss) per weighted-average share $ 4.41 $ (23.44)
Weighted-average shares outstanding 6,135,368 2,724,723
ProShares VIX Mid-Term Futures ETF [Member]
   
Investment Income    
Interest 5,328 7,320
Expenses    
Management fee 115,336 104,816
Total expenses 115,336 104,816
Net investment income (loss) (110,008) (97,496)
Net realized gain (loss) on    
Futures contracts (5,397,902) (10,260,171)
Short-term U.S. government and agency obligations 483 486
Net realized gain (loss) (5,397,419) (10,259,685)
Change in net unrealized appreciation/depreciation on    
Futures contracts 2,889,479 (406,019)
Short-term U.S. government and agency obligations 468 (1,220)
Change in net unrealized appreciation/depreciation 2,889,947 (407,239)
Net realized and unrealized gain (loss) (2,507,472) (10,666,924)
Net income (loss) (2,617,480) (10,764,420)
Net income (loss) per weighted-average share $ (0.91) $ (5.95)
Weighted-average shares outstanding 2,872,505 1,808,616
ProShares Ultra VIX Short-Term Futures ETF [Member]
   
Investment Income    
Interest 21,276 17,539
Expenses    
Management fee 586,132 532,907
Brokerage commissions 519,447 557,337
Total expenses 1,105,579 1,090,244
Net investment income (loss) (1,084,303) (1,072,705)
Net realized gain (loss) on    
Futures contracts (3,546,304) (118,236,966)
Swap agreements   (4,453,107)
Short-term U.S. government and agency obligations (914) 4,135
Net realized gain (loss) (3,547,218) (122,685,938)
Change in net unrealized appreciation/depreciation on    
Futures contracts (5,691,916) (20,794,183)
Swap agreements   (301,351)
Short-term U.S. government and agency obligations 2,542 4,565
Change in net unrealized appreciation/depreciation (5,689,374) (21,090,969)
Net realized and unrealized gain (loss) (9,236,592) (143,776,907)
Net income (loss) (10,320,895) (144,849,612)
Net income (loss) per weighted-average share $ (2.53) $ (250.49)
Weighted-average shares outstanding 3,714,601 578,258
ProShares Short VIX Short-Term Futures ETF [Member]
   
Investment Income    
Interest 24,205 9,265
Expenses    
Management fee 503,918 137,663
Brokerage commissions 291,326 85,021
Total expenses 795,244 222,684
Net investment income (loss) (771,039) (213,419)
Net realized gain (loss) on    
Futures contracts 2,731,436 25,204,111
Short-term U.S. government and agency obligations 2,814 76
Net realized gain (loss) 2,734,250 25,204,187
Change in net unrealized appreciation/depreciation on    
Futures contracts (33,756) 3,775,891
Short-term U.S. government and agency obligations 1,509 (1,662)
Change in net unrealized appreciation/depreciation (32,247) 3,774,229
Net realized and unrealized gain (loss) 2,702,003 28,978,416
Net income (loss) 1,930,964 28,764,997
Net income (loss) per weighted-average share $ 0.55 $ 20.30
Weighted-average shares outstanding 3,491,151 1,416,707
ProShares Trust II [Member]
   
Investment Income    
Interest 405,191 578,920
Expenses    
Management fee 6,890,911 7,770,731
Brokerage commissions 885,519 707,993
Offering costs   30,330
Limitation by Sponsor   (2,982)
Total expenses 7,776,430 8,506,072
Net investment income (loss) (7,371,239) (7,927,152)
Net realized gain (loss) on    
Futures contracts 21,662,791 (123,513,512)
Swap agreements 4,137,137 24,526,446
Forward agreements 62,625,140 (224,015,494)
Foreign currency forward contracts (12,210,152) 92,653,284
Short-term U.S. government and agency obligations 42,481 19,135
Net realized gain (loss) 76,257,397 (230,330,141)
Change in net unrealized appreciation/depreciation on    
Futures contracts 8,735,680 (27,784,632)
Swap agreements 642,755 (14,022,860)
Forward agreements (47,973,433) 136,479,951
Foreign currency forward contracts (14,478,001) (8,365,949)
Short-term U.S. government and agency obligations (15,495) (53,962)
Change in net unrealized appreciation/depreciation (53,088,494) 86,252,548
Net realized and unrealized gain (loss) 23,168,903 (144,077,593)
Net income (loss) $ 15,797,664 $ (152,004,745)