v3.21.1

Financial Highlights (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Quarterly Financial Information Disclosure [Abstract] |
Per Share Operating Performance | Selected data for a Share outstanding throughout the three months ended March 31, 2021 For the Three Months Ended March 31, 2021 (unaudited)
Per Share Operating Performance |  | Short Euro |  |  | Short VIX Short-Term Futures ETF |  |  | Ultra Bloomberg Crude Oil |  |  | Ultra Bloomberg Natural Gas |  |  | Ultra Euro |  |  | Ultra Gold |
Net asset value, at December 31, 2020 |  | $ | 41.92 |  |  | $ | 41.42 |  |  | $ | 36.38 |  |  | $ | 21.00 |  |  | $ | 15.79 |  |  | $ | 67.57 |
Net investment income (loss) |  |  | (0.09 | ) |  |  | (0.14 | ) |  |  | (0.13 | ) |  |  | (0.09 | ) |  |  | (0.03 | ) |  |  | (0.14 | )
Net realized and unrealized gain (loss)# |  |  | 1.86 |  |  |  | 5.85 |  |  |  | 16.31 |  |  |  | 0.40 |  |  |  | (1.31 | ) |  |  | (13.11 | )
Change in net asset value from operations |  |  | 1.77 |  |  |  | 5.71 |  |  |  | 16.18 |  |  |  | 0.31 |  |  |  | (1.34 | ) |  |  | (13.25 | )
Net asset value, at March 31, 2021 |  | $ | 43.69 |  |  | $ | 47.13 |  |  | $ | 52.56 |  |  | $ | 21.31 |  |  | $ | 14.45 |  |  | $ | 54.32 |
Market value per share, at December 31, 2020 † |  | $ | 41.35 |  |  | $ | 41.44 |  |  | $ | 36.27 |  |  | $ | 21.07 |  |  | $ | 15.81 |  |  | $ | 68.20 |
Market value per share, at March 31, 2021 † |  | $ | 43.52 |  |  | $ | 47.10 |  |  | $ | 52.85 |  |  | $ | 21.20 |  |  | $ | 14.47 |  |  | $ | 53.91 |
Total Return, at net asset value^ |  |  | 4.2 | % |  |  | 13.8 | % |  |  | 44.5 | % |  |  | 1.5 | % |  |  | (8.5 | )% |  |  | (19.6 | )%
Total Return, at market value^ |  |  | 5.2 | % |  |  | 13.7 | % |  |  | 45.7 | % |  |  | 0.6 | % |  |  | (8.5 | )% |  |  | (21.0 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio |  |  | 0.97 | % |  |  | 1.35 | % |  |  | 1.10 | % |  |  | 1.60 | % |  |  | 0.95 | % |  |  | 1.03 | %
Expense ratio, excluding brokerage commissions and fees |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | %
Net investment income gain (loss) |  |  | (0.91 | )% |  |  | (1.31 | )% |  |  | (1.04 | )% |  |  | (1.55 | )% |  |  | (0.90 | )% |  |  | (0.97 | )%
** | Percentages are annualized.
# | The amount shown for a share outstanding throughout the period may not accord with the change in aggregate gains and losses during the period because of timing of creation and redemption units in relation to fluctuating net asset value during the period.
† | 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.
^ | Percentages are not annualized for the period ended March 31, 2021.
For the Three Months Ended March 31, 2021 (unaudited)
Per Share Operating Performance |  | Ultra Silver |  |  | Ultra VIX Short-Term Futures ETF |  |  | Ultra Yen |  |  | UltraShort Australian Dollar |  |  | UltraShort Bloomberg Crude Oil |  |  | UltraShort Bloomberg Natural Gas |
Net asset value, at December 31, 2020 |  | $ | 50.71 |  |  | $ | 10.67 |  |  | $ | 59.83 |  |  | $ | 44.45 |  |  | $ | 11.61 |  |  | $ | 47.59 |
Net investment income (loss) |  |  | (0.12 | ) |  |  | (0.04 | ) |  |  | (0.13 | ) |  |  | (0.11 | ) |  |  | (0.03 | ) |  |  | (0.14 | )
Net realized and unrealized gain (loss)# |  |  | (9.24 | ) |  |  | (5.00 | ) |  |  | (7.92 | ) |  |  | 0.84 |  |  |  | (4.38 | ) |  |  | (8.31 | )
Change in net asset value from operations |  |  | (9.36 | ) |  |  | (5.04 | ) |  |  | (8.05 | ) |  |  | 0.73 |  |  |  | (4.41 | ) |  |  | (8.45 | )
Net asset value, at March 31, 2021 |  | $ | 41.35 |  |  | $ | 5.63 |  |  | $ | 51.78 |  |  | $ | 45.18 |  |  | $ | 7.20 |  |  | $ | 39.14 |
Market value per share, at December 31, 2020 † |  | $ | 51.28 |  |  | $ | 10.65 |  |  | $ | 59.82 |  |  | $ | 43.89 |  |  | $ | 11.64 |  |  | $ | 47.38 |
Market value per share, at March 31, 2021 † |  | $ | 41.10 |  |  | $ | 5.65 |  |  | $ | 51.78 |  |  | $ | 45.19 |  |  | $ | 7.15 |  |  | $ | 39.32 |
Total Return, at net asset value^ |  |  | (18.5 | )% |  |  | (47.2 | )% |  |  | (13.4 | )% |  |  | 1.6 | % |  |  | (38.0 | )% |  |  | (17.8 | )%
Total Return, at market value^ |  |  | (19.9 | )% |  |  | (47.0 | )% |  |  | (13.5 | )% |  |  | 3.0 | % |  |  | (38.6 | )% |  |  | (17.0 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio |  |  | 1.07 | % |  |  | 1.77 | % |  |  | 0.95 | % |  |  | 1.02 | % |  |  | 1.34 | % |  |  | 1.60 | %
Expense ratio, excluding brokerage commissions and fees |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | %
Net investment income gain (loss) |  |  | (1.02 | )% |  |  | (1.75 | )% |  |  | (0.90 | )% |  |  | (0.97 | )% |  |  | (1.29 | )% |  |  | (1.55 | )%
** | Percentages are annualized.
# | The amount shown for a share outstanding throughout the period may not accord with the change in aggregate gains and losses during the period because of timing of creation and redemption units in relation to fluctuating net asset value during the period.
† | 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.
^ | Percentages are not annualized for the period ended March 31, 2021.
For the Three Months Ended March 31, 2021 (unaudited)
Per Share Operating Performance |  | UltraShort Euro |  |  | UltraShort Gold |  |  | UltraShort Silver |  |  | UltraShort Yen |  |  | VIX Mid- Term Futures ETF |  |  | VIX Short- Term Futures ETF |
Net asset value, at December 31, 2020 |  | $ | 22.53 |  |  | $ | 31.43 |  |  | $ | 6.93 |  |  | $ | 67.83 |  |  | $ | 36.73 |  |  | $ | 13.76 |
Net investment income (loss) |  |  | (0.05 | ) |  |  | (0.09 | ) |  |  | (0.02 | ) |  |  | (0.16 | ) |  |  | (0.09 | ) |  |  | (0.04 | )
Net realized and unrealized gain (loss)# |  |  | 1.93 |  |  |  | 6.26 |  |  |  | 0.07 |  |  |  | 10.06 |  |  |  | (1.90 | ) |  |  | (4.40 | )
Change in net asset value from operations |  |  | 1.88 |  |  |  | 6.17 |  |  |  | 0.05 |  |  |  | 9.90 |  |  |  | (1.99 | ) |  |  | (4.44 | )
Net asset value, at March 31, 2021 |  | $ | 24.41 |  |  | $ | 37.60 |  |  | $ | 6.98 |  |  | $ | 77.73 |  |  | $ | 34.74 |  |  | $ | 9.32 |
Market value per share, at December 31, 2020 † |  | $ | 22.52 |  |  | $ | 31.14 |  |  | $ | 6.85 |  |  | $ | 67.81 |  |  | $ | 36.70 |  |  | $ | 13.74 |
Market value per share, at March 31, 2021 † |  | $ | 24.42 |  |  | $ | 37.89 |  |  | $ | 7.01 |  |  | $ | 77.75 |  |  | $ | 35.06 |  |  | $ | 9.35 |
Total Return, at net asset value^ |  |  | 8.4 | % |  |  | 19.6 | % |  |  | 0.7 | % |  |  | 14.7 | % |  |  | (5.4 | )% |  |  | (32.3 | )%
Total Return, at market value^ |  |  | 8.4 | % |  |  | 21.7 | % |  |  | 2.3 | % |  |  | 14.6 | % |  |  | (4.5 | )% |  |  | (32.0 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio |  |  | 0.95 | % |  |  | 1.07 | % |  |  | 1.15 | % |  |  | 0.95 | % |  |  | 1.03 | % |  |  | 1.30 | %
Expense ratio, excluding brokerage commissions and fees |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.85 | % |  |  | 0.85 | %
Net investment income gain (loss) |  |  | (0.90 | )% |  |  | (1.03 | )% |  |  | (1.11 | )% |  |  | (0.90 | )% |  |  | (0.98 | )% |  |  | (1.26 | )%
** | Percentages are annualized.
# | The amount shown for a share outstanding throughout the period may not accord with the change in aggregate gains and losses during the period because of timing of creation and redemption units in relation to fluctuating net asset value during the period.
† | 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.
^ | Percentages are not annualized for the period ended March 31, 2021.
Selected data for a Share outstanding throughout the three months ended March 31, 2020 For the Three Months Ended March 31, 2020 (unaudited)
Per Share Operating Performance |  | Short Euro |  |  | Short VIX Short-Term Futures ETF |  |  | Ultra Bloomberg Crude Oil * |  |  | Ultra Bloomberg Natural Gas * |  |  | Ultra Euro |  |  | Ultra Gold |
Net asset value, at December 31, 2019 |  | $ | 45.64 |  |  | $ | 65.62 |  |  | $ | 509.23 |  |  | $ | 83.97 |  |  | $ | 13.79 |  |  | $ | 49.21 |
Net investment income (loss) |  |  | 0.04 |  |  |  | (0.04 | ) |  |  | 0.20 |  |  |  | 0.00 | + |  |  | 0.01 |  |  |  | 0.05 |
Net realized and unrealized gain (loss)# |  |  | 0.98 |  |  |  | (34.56 | ) |  |  | (469.28 | ) |  |  | (42.15 | ) |  |  | (0.64 | ) |  |  | 3.18 |
Change in net asset value from operations |  |  | 1.02 |  |  |  | (34.60 | ) |  |  | (469.08 | ) |  |  | (42.15 | ) |  |  | (0.63 | ) |  |  | 3.23 |
Net asset value, at March 31, 2020 |  | $ | 46.66 |  |  | $ | 31.02 |  |  | $ | 40.15 |  |  | $ | 41.82 |  |  | $ | 13.16 |  |  | $ | 52.44 |
Market value per share, at December 31, 2019 † |  | $ | 45.69 |  |  | $ | 65.23 |  |  | $ | 511.50 |  |  | $ | 83.40 |  |  | $ | 13.77 |  |  | $ | 49.05 |
Market value per share, at March 31, 2020 † |  | $ | 45.09 |  |  | $ | 31.01 |  |  | $ | 39.75 |  |  | $ | 42.60 |  |  | $ | 13.15 |  |  | $ | 52.00 |
Total Return, at net asset value^ |  |  | 2.2 | % |  |  | (52.7 | )% |  |  | (92.1 | )% |  |  | (50.2 | )% |  |  | (4.6 | )% |  |  | 6.6 | %
Total Return, at market value^ |  |  | (1.3 | )% |  |  | (52.5 | )% |  |  | (92.2 | )% |  |  | (48.9 | )% |  |  | (4.5 | )% |  |  | 6.0 | %
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio |  |  | 0.97 | % |  |  | 1.19 | % |  |  | 1.09 | % |  |  | 1.39 | % |  |  | 0.95 | % |  |  | 0.98 | %
Expense ratio, excluding brokerage commissions and fees |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | %
Net investment income gain (loss) |  |  | 0.34 | % |  |  | (0.38 | )% |  |  | 0.44 | % |  |  | (0.02 | )% |  |  | 0.25 | % |  |  | 0.35 | %
* | See Note 1 of these Notes to Financial Statements.
** | Percentages are annualized.
# | The amount shown for a share outstanding throughout the period may not accord with the cha n ge in aggregate gains and losses during the period because of timing of creation and redemption units in relation to fluctuating net asset value during the period.
† | 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.
^ | Percentages are not annualized for the period ended March 31, 2020.
+ | Amount represents greater than $( 0.005 ).
For the Three Months Ended March 31, 2020 (unaudited)
Per Share Operating Performance |  | Ultra Silver |  |  | Ultra VIX Short-Term Futures ETF |  |  | Ultra Yen |  |  | UltraPro 3x Crude Oil ETF * |  |  | UltraPro 3x Short Crude Oil ETF * |  |  | UltraShort Australian Dollar |
Net asset value, at December 31, 2019 |  | $ | 31.70 |  |  | $ | 12.67 |  |  | $ | 55.83 |  |  | $ | 21.47 |  |  | $ | 10.66 |  |  | $ | 56.09 |
Net investment income (loss) |  |  | 0.04 |  |  |  | (0.02 | ) |  |  | 0.03 |  |  |  | 0.00 | + |  |  | (0.01 | ) |  |  | 0.03 |
Net realized and unrealized gain (loss)# |  |  | (13.32 | ) |  |  | 45.87 |  |  |  | 0.35 |  |  |  | (21.26 | ) |  |  | 34.88 |  |  |  | 16.18 |
Change in net asset value from operations |  |  | (13.28 | ) |  |  | 45.85 |  |  |  | 0.38 |  |  |  | (21.26 | ) |  |  | 34.87 |  |  |  | 16.21 |
Net asset value, at March 31, 2020 |  | $ | 18.42 |  |  | $ | 58.52 |  |  | $ | 56.21 |  |  | $ | 0.21 | @ |  | $ | 45.53 | @ |  | $ | 72.30 |
Market value per share, at December 31, 2019 † |  | $ | 31.65 |  |  | $ | 12.89 |  |  | $ | 55.83 |  |  | $ | 21.60 |  |  | $ | 10.58 |  |  | $ | 55.88 |
Market value per share, at March 31, 2020 † |  | $ | 18.44 |  |  | $ | 58.56 |  |  | $ | 56.19 |  |  | $ | 0.22 |  |  | $ | 45.32 |  |  | $ | 72.06 |
Total Return, at net asset value^ |  |  | (41.9 | )% |  |  | 361.9 | % |  |  | 0.7 | % |  |  | (99.0 | )% |  |  | 327.1 | % |  |  | 28.9 | %
Total Return, at market value^ |  |  | (41.7 | )% |  |  | 354.3 | % |  |  | 0.6 | % |  |  | (99.0 | )% |  |  | 328.4 | % |  |  | 29.0 | %
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio |  |  | 0.99 | % |  |  | 1.47 | % |  |  | 0.95 | % |  |  | 1.65 | % |  |  | 1.68 | % |  |  | 1.04 | %
Expense ratio, excluding brokerage commissions and fees |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | %
Net investment income gain (loss) |  |  | 0.55 | % |  |  | (0.50 | )% |  |  | 0.21 | % |  |  | (0.49 | )% |  |  | (0.33 | )% |  |  | 0.22 | %
* | The per share operating performance presented here is for the period ended March 27, 2020, the date liquidation was determined to be imminent. See Note 1.
** | Percentages are annualized.
# | The amount shown for a share outstanding throughout the period may not accord with the change in aggregate gains and losses during the period because of timing of creation and redemption units in relation to fluctuating net asset value during the period.
† | 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.
^ | Percentages are not annualized for the period ended March 31, 2020.
+ | Amount greater than $(0.005)
@ | NAV on March 27, 2020, the date liquidation was determined to be imminent. See Note 1.
For the Three Months Ended March 31, 2020 (unaudited)
Per Share Operating Performance |  | UltraShort Bloomberg Crude Oil |  |  | UltraShort Bloomberg Natural Gas |  |  | UltraShort Euro |  |  | UltraShort Gold |  |  | UltraShort Silver |  |  | UltraShort Yen |
Net asset value, at December 31, 2019 |  | $ | 12.19 |  |  | $ | 38.53 |  |  | $ | 26.80 |  |  | $ | 53.02 |  |  | $ | 26.76 |  |  | $ | 76.37 |
Net investment income (loss) |  |  | (0.01 | ) |  |  | (0.08 | ) |  |  | 0.03 |  |  |  | 0.04 |  |  |  | 0.01 |  |  |  | 0.09 |
Net realized and unrealized gain (loss)# |  |  | 36.89 |  |  |  | 24.93 |  |  |  | 0.99 |  |  |  | (7.04 | ) |  |  | 9.77 |  |  |  | (2.36 | )
Change in net asset value from operations |  |  | 36.88 |  |  |  | 24.85 |  |  |  | 1.02 |  |  |  | (7.00 | ) |  |  | 9.78 |  |  |  | (2.27 | )
Net asset value, at March 31, 2020 |  | $ | 49.07 |  |  | $ | 63.38 |  |  | $ | 27.82 |  |  | $ | 46.02 |  |  | $ | 36.54 |  |  | $ | 74.10 |
Market value per share, at December 31, 2019 † |  | $ | 12.15 |  |  | $ | 38.82 |  |  | $ | 26.80 |  |  | $ | 53.21 |  |  | $ | 26.80 |  |  | $ | 76.35 |
Market value per share, at March 31, 2020 † |  | $ | 49.99 |  |  | $ | 62.02 |  |  | $ | 27.76 |  |  | $ | 46.28 |  |  | $ | 36.66 |  |  | $ | 74.11 |
Total Return, at net asset value^ |  |  | 302.5 | % |  |  | 64.5 | % |  |  | 3.8 | % |  |  | (13.2 | )% |  |  | 36.5 | % |  |  | (3.0 | )%
Total Return, at market value^ |  |  | 311.4 | % |  |  | 59.8 | % |  |  | 3.6 | % |  |  | (13.0 | )% |  |  | 36.8 | % |  |  | (2.9 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio |  |  | 1.31 | % |  |  | 1.90 | % |  |  | 0.95 | % |  |  | 1.00 | % |  |  | 1.05 | % |  |  | 0.95 | %
Expense ratio, excluding brokerage commissions and fees |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | % |  |  | 0.95 | %
Net investment income gain (loss) |  |  | (0.14 | )% |  |  | (0.65 | )% |  |  | 0.49 | % |  |  | 0.34 | % |  |  | 0.09 | % |  |  | 0.47 | %
** | Percentages are annualized.
# | The amount shown for a share outstanding throughout the period may not accord with the change in aggregate gains and losses during the period because of timing of creation and redemption units in relation to fluctuating net asset value during the period.
† | 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.
^ | Percentages are not annualized for the period ended March 31, 2020.
For the Three Months Ended March 31, 2020 (unaudited)
Per Share Operating Performance |  | VIX Mid- Term Futures ETF |  |  | VIX Short- Term Futures ETF |  |  |  |  |  |  |  |  |
Net asset value, at December 31, 2019 |  | $ | 21.27 |  |  | $ | 12.30 |
Net investment income (loss) |  |  | 0.03 |  |  |  | 0.01 |
Net realized and unrealized gain (loss)# |  |  | 17.44 |  |  |  | 25.65 |
Change in net asset value from operations |  |  | 17.47 |  |  |  | 25.66 |
Net asset value, at March 31, 2020 |  | $ | 38.74 |  |  | $ | 37.96 |
Market value per share, at December 31, 2019 † |  | $ | 21.29 |  |  | $ | 12.43 |
Market value per share, at March 31, 2020 † |  | $ | 38.44 |  |  | $ | 37.93 |
Total Return, at net asset value^ |  |  | 82.1 | % |  |  | 208.6 | %
Total Return, at market value^ |  |  | 80.6 | % |  |  | 205.1 | %
Ratios to Average Net Assets** |  |  |  |  |  |  |  |
Expense ratio |  |  | 1.00 | % |  |  | 1.11 | %
Expense ratio, excluding brokerage commissions and fees |  |  | 0.85 | % |  |  | 0.85 | %
Net investment income gain (loss) |  |  | 0.43 | % |  |  | 0.20 | %
** | Percentages are annualized.
# | The amount shown for a share outstanding throughout the period may not accord with the change in aggregate gains and losses during the period because of timing of creation and redemption units in relation to fluctuating net asset value during the period.
† | 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.
^ | Percentages are not annualized for the period ended March 31, 2020.

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