v2.4.1.9

Subsequent Events | 3 Months Ended
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Mar. 31, 2015
Subsequent Events [Abstract] |
Subsequent Events | NOTE 9 – SUBSEQUENT EVENTS Management has evaluated the possibility of subsequent events existing in the Trust’s and the Funds’ financial statements through the date the financial statements were issued. The subsequent events were as follows: On May 1, 2015, the Trust announced a 1-for-4 reverse split of the Shares of beneficial interest of ProShares Ultra Bloomberg Commodity, ProShares Ultra Bloomberg Natural Gas and ProShares Ultra Yen. On May 1, 2015, the Trust announced a 1-for-5 reverse split of the Shares of beneficial interest of ProShares Ultra VIX Short-Term Futures ETF and ProShares Ultra Bloomberg Crude Oil. The reverse splits will increase the price per Share of each Fund with a proportionate decrease in the number of Shares outstanding. For example, for a 1-for-4 reverse split, every four pre-split Shares will result in the receipt of one post-split Share, which will be priced four times higher than the NAV of a pre-split Share. The reverse splits will be effective for shareholders of record after the close of the markets on May 19, 2015. All reverse splits will be effective at the market open on May 20, 2015, when the Funds will begin trading at their post-split price. The ticker symbol for the Funds will not change. Each of the Funds undergoing a reverse split will be issued a new CUSIP number, listed below.
Ticker |  | Fund |  | Split Ratio |  | Old CUSIP |  | New CUSIP
UCD |  | Ultra Bloomberg Commodity |  | 1:4 |  | 74347W106 |  | 74347W288
BOIL |  | Ultra Bloomberg Natural Gas |  | 1:4 |  | 74347W122 |  | 74347W296
YCL |  | Ultra Yen |  | 1:4 |  | 74347W866 |  | 74347W270
UVXY |  | Ultra VIX Short-Term Futures ETF |  | 1:5 |  | 74347W346 |  | 74347W312
UCO |  | Ultra Bloomberg Crude Oil |  | 1:5 |  | 74347W650 |  | 74347W320
The Shares outstanding and per Share information for ProShares Ultra VIX Short-Term Futures ETF, ProShares Ultra Bloomberg Commodity, ProShares Ultra Bloomberg Crude Oil, ProShares Ultra Bloomberg Natural Gas and ProShares Ultra Yen disclosed in the financial statements and notes to the financial statements have not been retroactively adjusted to give effect to the reverse splits. Presented below are pro forma Shares outstanding and per Share information after giving retroactive effect for the reverse splits. Pro forma information, giving retroactive effect to the reverse splits, is as follows: For the Three Months Ended March 31, 2015 (unaudited)
Per Share Operating Performance |  | Ultra VIX Short-Term Futures ETF |  |  | Ultra Bloomberg Commodity |  |  | Ultra Bloomberg Crude Oil |  |  | Ultra Bloomberg Natural Gas |  |  | Ultra Yen |
Net asset value, at December 31, 2014 |  | $ | 125.4591 |  |  | $ | 52.1342 |  |  | $ | 50.7400 |  |  | $ | 61.6491 |  |  | $ | 56.4747 |
Net investment income (loss) |  |  | (0.4056 | ) |  |  | (0.1104 | ) |  |  | (0.0920 | ) |  |  | (0.1548 | ) |  |  | (0.1283 | )
Net realized and unrealized gain (loss) |  |  | (49.1045 | ) |  |  | (6.3693 | ) |  |  | (16.5231 | ) |  |  | (15.8280 | ) |  |  | (0.3478 | )
Change in net asset value from operations |  |  | (49.5101 | ) |  |  | (6.4797 | ) |  |  | (16.6151 | ) |  |  | (15.9828 | ) |  |  | (0.4761 | )
Net asset value, at March 31, 2015 |  | $ | 75.9490 |  |  | $ | 45.6545 |  |  | $ | 34.1249 |  |  | $ | 45.6663 |  |  | $ | 55.9986 |
Market value per share, at December 31, 2014 |  | $ | 125.75 |  |  | $ | 51.44 |  |  | $ | 51.85 |  |  | $ | 63.12 |  |  | $ | 56.48 |
Market value per share, at March 31, 2015 |  | $ | 75.25 |  |  | $ | 46.80 |  |  | $ | 33.95 |  |  | $ | 45.56 |  |  | $ | 55.96 |
As of March 31, 2015 and December 31, 2014 (unaudited) |
Shares outstanding |  | Ultra VIX Short-Term Futures ETF |  |  | Ultra Bloomberg Commodity |  |  | Ultra Bloomberg Crude Oil |  |  | Ultra Bloomberg Natural Gas |  |  | Ultra Yen |
Shares outstanding, at March 31, 2015 |  |  | 9,134,020 |  |  |  | 50,004 |  |  |  | 29,439,834 |  |  |  | 1,342,485 |  |  |  | 100,004 |
Shares outstanding, at December 31, 2014 |  |  | 2,804,020 |  |  |  | 50,004 |  |  |  | 8,879,834 |  |  |  | 1,142,485 |  |  |  | 37,504 |
For the Three Months Ended March 31, 2015 (unaudited) |
Net income (loss) per weighted-average share |  | Ultra VIX Short-Term Futures ETF |  |  | Ultra Bloomberg Commodity |  |  | Ultra Bloomberg Crude Oil |  |  | Ultra Bloomberg Natural Gas |  |  | Ultra Yen |
Net income (loss) per weighted-average share |  | $ | (44.65 | ) |  | $ | (6.48 | ) |  | $ | (9.74 | ) |  | $ | (13.91 | ) |  | $ | (1.64 | )
Weighted-average shares outstanding |  |  | 5,053,242 |  |  |  | 50,004 |  |  |  | 20,040,390 |  |  |  | 1,336,652 |  |  |  | 70,837 |
Pro forma information, giving retroactive effect to the reverse splits, is as follows: For the Three Months Ended March 31, 2014 (unaudited)
Per Share Operating Performance |  | Ultra VIX Short-Term Futures ETF |  |  | Ultra Bloomberg Commodity |  |  | Ultra Bloomberg Crude Oil |  |  | Ultra Bloomberg Natural Gas |  |  | Ultra Yen |
Net asset value, at December 31, 2013 |  | $ | 335.4203 |  |  | $ | 77.7259 |  |  | $ | 160.4495 |  |  | $ | 155.3534 |  |  | $ | 74.5261 |
Net investment income (loss) |  |  | (1.4595 | ) |  |  | (0.1855 | ) |  |  | (0.3562 | ) |  |  | (0.4732 | ) |  |  | (0.1712 | )
Net realized and unrealized gain (loss) |  | $ | (32.4784 | ) |  | $ | 10.8849 |  |  |  | 13.0370 |  |  | $ | 25.6692 |  |  | $ | 2.8673 |
Change in net asset value from operations |  | $ | (33.9379 | ) |  | $ | 10.6994 |  |  |  | 12.6808 |  |  | $ | 25.1960 |  |  | $ | 2.6961 |
Net asset value, at March 31, 2014 |  | $ | 301.4824 |  |  | $ | 88.4253 |  |  | $ | 173.1303 |  |  | $ | 180.5494 |  |  | $ | 77.2222 |
Market value per share, at December 31, 2013 |  | $ | 335.60 |  |  | $ | 76.52 |  |  | $ | 161.10 |  |  | $ | 157.12 |  |  | $ | 74.44 |
Market value per share, at March 31, 2014 |  | $ | 299.55 |  |  | $ | 86.04 |  |  | $ | 172.80 |  |  | $ | 181.28 |  |  | $ | 77.16 |
For the Three Months Ended March 31, 2014 (unaudited) |
Net income (loss) per weighted-average share |  | Ultra VIX Short-Term Futures ETF |  |  | Ultra Bloomberg Commodity |  |  | Ultra Bloomberg Crude Oil |  |  | Ultra Bloomberg Natural Gas |  |  | Ultra Yen |
Net income (loss) per weighted-average share |  | $ | (13.89 | ) |  | $ | 10.70 |  |  | $ | 22.80 |  |  | $ | 74.42 |  |  | $ | 2.70 |
Weighted-average shares outstanding |  |  | 742,920 |  |  |  | 37,504 |  |  |  | 936,056 |  |  |  | 248,458 |  |  |  | 37,504 |

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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