v3.22.2

Financial Highlights | 6 Months Ended
--- | ---
Jun. 30, 2022
Quarterly Financial Information Disclosure [Abstract] |
Financial Highlights | NOTE 6 – FINANCIAL HIGHLIGHTS Selected Data for a Share Outstanding Throughout the Three Months Ended June 30, 2022
For the Three Months Ended June 30, 2022 (unaudited) |
Per Share Operating Performance |  | Short VIX Short-Term Futures ETF |  |  | Ultra Bloomberg Crude Oil* |  |  | Ultra Bloomberg Natural Gas |  |  | Ultra Euro |  |  | Ultra Gold |
Net asset value, at March 31, 2022 |  | $ | 54.55 |  |  | $ | 37.94 |  |  | $ | 56.06 |  |  | $ | 12.47 |  |  | $ | 66.99 |
Net investment income (loss) |  |  | (0.13 | ) |  |  | (0.07 | ) |  |  | (0.21 | ) |  |  | (0.02 | ) |  |  | (0.09 | )
Net realized and unrealized gain (loss)# |  |  | (6.28 | ) |  |  | 3.74 |  |  |  | (16.32 | ) |  |  | (1.37 | ) |  |  | (10.44 | )
Change in net asset value from operations |  |  | (6.41 | ) |  |  | 3.67 |  |  |  | (16.53 | ) |  |  | (1.39 | ) |  |  | (10.53 | )
Net asset value, at June 30, 2022 |  | $ | 48.14 |  |  | $ | 41.61 |  |  | $ | 39.53 |  |  | $ | 11.08 |  |  | $ | 56.46 |
Market value per share, at March 31, 2022 † |  | $ | 54.56 |  |  | $ | 38.33 |  |  | $ | 56.31 |  |  | $ | 12.46 |  |  | $ | 66.14 |
Market value per share, at June 30, 2022 † |  | $ | 48.21 |  |  | $ | 41.86 |  |  | $ | 42.10 |  |  | $ | 11.11 |  |  | $ | 56.50 |
Total Return, at net asset value^ |  |  | (11.8 | )% |  |  | 9 .7 | % |  |  | (29.5 | )% |  |  | (11.1 | )% |  |  | (15.7 | )%
Total Return, at market value^ |  |  | (11.6 | )% |  |  | 9 .2 | % |  |  | (25.2 | )% |  |  | (10.8 | )% |  |  | (14.6 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.21 | % |  |  | 1.01 | % |  |  | 1 .26 | % |  |  | 0.95 | % |  |  | 0 .98 | %
Net investment income gain (loss) |  |  | (1.00 | )% |  |  | (0.64 | )% |  |  | (1.01 | )% |  |  | (0.54 | )% |  |  | (0.56 | )%
* | 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 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 June 30, 2022.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if brokerage commissions and futures account fees were excluded.
For the Three Months Ended June 30, 2022 (unaudited) |
Per Share Operating Performance |  | Ultra Silver |  |  | Ultra VIX Short-Term Futures ETF |  |  | Ultra Yen |  |  | UltraShort Bloomberg Crude Oil* |  |  | UltraShort Bloomberg Natural Gas* |
Net asset value, at March 31, 2022 |  | $ | 39.06 |  |  | $ | 13.50 |  |  | $ | 42.02 |  |  | $ | 29.17 |  |  | $ | 64.71 |
Net investment income (loss) |  |  | (0.05 | ) |  |  | (0.05 | ) |  |  | (0.05 | ) |  |  | (0.05 | ) |  |  | (0.08 | )
Net realized and unrealized gain (loss)# |  |  | (14.23 | ) |  |  | 1.06 |  |  |  | (8.46 | ) |  |  | (6.08 | ) |  |  | (21.98 | )
Change in net asset value from operations |  |  | (14.28 | ) |  |  | 1.01 |  |  |  | (8.51 | ) |  |  | (6.13 | ) |  |  | (22.06 | )
Net asset value, at June 30, 2022 |  | $ | 24.78 |  |  | $ | 14.51 |  |  | $ | 33.51 |  |  | $ | 23.04 |  |  | $ | 42.65 |
Market value per share, at March 31, 2022 † |  | $ | 38.53 |  |  | $ | 13.46 |  |  | $ | 42.09 |  |  | $ | 28.95 |  |  | $ | 64.56 |
Market value per share, at June 30, 2022 † |  | $ | 24.47 |  |  | $ | 14.53 |  |  | $ | 33.49 |  |  | $ | 22.93 |  |  | $ | 40.02 |
Total Return, at net asset value^ |  |  | (36.6 | )% |  |  | 7 .5 | % |  |  | (20.3 | )% |  |  | (21.0 | )% |  |  | (34.1 | )%
Total Return, at market value^ |  |  | (36.5 | )% |  |  | 8 .0 | % |  |  | (20.4 | )% |  |  | (20.8 | )% |  |  | (38.0 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 0.98 | % |  |  | 1.53 | % |  |  | 0.95 | % |  |  | 1.14 | % |  |  | 1.36 | %
Net investment income gain (loss) |  |  | (0.61 | )% |  |  | (1.36 | )% |  |  | (0.59 | )% |  |  | (0.85 | )% |  |  | (1.14 | )%
* | 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 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 June 30, 2022.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded.
For the Three Months Ended June 30, 2022 (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 March 31, 2022 |  | $ | 27.30 |  |  | $ | 27.23 |  |  | $ | 21.45 |  |  | $ | 46.32 |  |  | $ | 31.45 |  |  | $ | 16.61 |
Net investment income (loss) |  |  | (0.05 | ) |  |  | (0.05 | ) |  |  | (0.05 | ) |  |  | (0.09 | ) |  |  | (0.06 | ) |  |  | (0.04 | )
Net realized and unrealized gain (loss)# |  |  | 3.13 |  |  |  | 4.37 |  |  |  | 10.34 |  |  |  | 10.83 |  |  |  | 3.90 |  |  |  | 1.65 |
Change in net asset value from operations |  |  | 3.08 |  |  |  | 4.32 |  |  |  | 10.29 |  |  |  | 10.74 |  |  |  | 3.84 |  |  |  | 1.61 |
Net asset value, at June 30, 2022 |  | $ | 30.38 |  |  | $ | 31.55 |  |  | $ | 31.74 |  |  | $ | 57.06 |  |  | $ | 35.29 |  |  | $ | 18.22 |
Market value per share, at March 31, 2022 † |  | $ | 27.31 |  |  | $ | 27.61 |  |  | $ | 21.78 |  |  | $ | 46.37 |  |  | $ | 31.50 |  |  | $ | 16.57 |
Market value per share, at June 30, 2022 † |  | $ | 30.41 |  |  | $ | 31.59 |  |  | $ | 32.19 |  |  | $ | 57.13 |  |  | $ | 35.38 |  |  | $ | 18.25 |
Total Return, at net asset value^ |  |  | 11.3 | % |  |  | 15.9 | % |  |  | 48.0 | % |  |  | 23.2 | % |  |  | 12.2 | % |  |  | 9 .6 | %
Total Return, at market value^ |  |  | 11.4 | % |  |  | 14.4 | % |  |  | 47.8 | % |  |  | 23.2 | % |  |  | 12.3 | % |  |  | 10.1 | %
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 0.95 | % |  |  | 0.99 | % |  |  | 1.06 | % |  |  | 0.95 | % |  |  | 0.96 | % |  |  | 1.16 | %
Net investment income gain (loss) |  |  | (0.70 | )% |  |  | (0.74 | )% |  |  | (0.78 | )% |  |  | (0.68 | )% |  |  | (0.74 | )% |  |  | (0.94 | )%
* | 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 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 June 30, 2022.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.85% and 0.85%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded.
Selected data for a Share outstanding throughout the three months ended June 30, 2021
For the Three Months Ended June 30, 2021 (unaudited) |
Per Share Operating Performance |  | Short VIX Short-Term Futures ETF |  |  | Ultra Bloomberg Crude Oil* |  |  | Ultra Bloomberg Natural Gas |  |  | Ultra Euro |  |  | Ultra Gold |
Net asset value, at March 31, 2021 |  | $ | 47.13 |  |  | $ | 13.14 |  |  | $ | 21.31 |  |  | $ | 14.45 |  |  | $ | 54.32 |
Net investment income (loss) |  |  | (0.17 | ) |  |  | (0.04 | ) |  |  | (0.08 | ) |  |  | (0.03 | ) |  |  | (0.14 | )
Net realized and unrealized gain (loss)# |  |  | 8.65 |  |  |  | 6.46 |  |  |  | 14.10 |  |  |  | 0.25 |  |  |  | 3.10 |
Change in net asset value from operations |  |  | 8.48 |  |  |  | 6.42 |  |  |  | 14.02 |  |  |  | 0.22 |  |  |  | 2.96 |
Net asset value, at June 30, 2021 |  | $ | 55.61 |  |  | $ | 19.56 |  |  | $ | 35.33 |  |  | $ | 14.67 |  |  | $ | 57.28 |
Market value per share, at March 31, 2021 † |  | $ | 47.10 |  |  | $ | 13.21 |  |  | $ | 21.20 |  |  | $ | 14.47 |  |  | $ | 53.91 |
Market value per share, at June 30, 2021 † |  | $ | 55.55 |  |  | $ | 19.56 |  |  | $ | 37.17 |  |  | $ | 14.66 |  |  | $ | 57.22 |
Total Return, at net asset value^ |  |  | 18.0 | % |  |  | 48.9 | % |  |  | 65.8 | % |  |  | 1.6 | % |  |  | 5.5 | %
Total Return, at market value^ |  |  | 17.9 | % |  |  | 48.0 | % |  |  | 75.3 | % |  |  | 1.3 | % |  |  | 6.1 | %
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.37 | % |  |  | 1.13 | % |  |  | 1.42 | % |  |  | 0.95 | % |  |  | 0.99 | %
Net investment income gain (loss) |  |  | (1.35 | )% |  |  | (1.09 | )% |  |  | (1.35 | )% |  |  | (0.91 | )% |  |  | (0.95 | )%
* | 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 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 June 30, 2021.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if brokerage commissions and futures account fees were excluded.
For the Three Months Ended June 30, 2021 (unaudited) |
Per Share Operating Performance |  | Ultra Silver |  |  | Ultra VIX Short-Term Futures ETF * |  |  | Ultra Yen |  |  | UltraShort Bloomberg Crude Oil * |  |  | UltraShort Bloomberg Natural Gas* |
Net asset value, at March 31, 2021 |  | $ | 41.35 |  |  | $ | 56.32 |  |  | $ | 51.78 |  |  | $ | 143.99 |  |  | $ | 782.71 |
Net investment income (loss) |  |  | (0.12 | ) |  |  | (0.17 | ) |  |  | (0.12 | ) |  |  | (0.31 | ) |  |  | (2.47 | )
Net realized and unrealized gain (loss)# |  |  | 4.74 |  |  |  | (28.24 | ) |  |  | (0.42 | ) |  |  | (53.12 | ) |  |  | (349.17 | )
Change in net asset value from operations |  |  | 4.62 |  |  |  | (28.41 | ) |  |  | (0.54 | ) |  |  | (53.43 | ) |  |  | (351.64 | )
Net asset value, at June 30, 2021 |  | $ | 45.97 |  |  | $ | 27.91 |  |  | $ | 51.24 |  |  | $ | 90.56 |  |  | $ | 431.07 |
Market value per share, at March 31, 2021 † |  | $ | 41.10 |  |  | $ | 56.50 |  |  | $ | 51.78 |  |  | $ | 143.00 |  |  | $ | 786.40 |
Market value per share, at June 30, 2021 † |  | $ | 46.12 |  |  | $ | 27.98 |  |  | $ | 51.26 |  |  | $ | 90.55 |  |  | $ | 408.80 |
Total Return, at net asset value^ |  |  | 11.2 | % |  |  | (50.5 | )% |  |  | (1.1 | )% |  |  | (37.1 | )% |  |  | (44.9 | )%
Total Return, at market value^ |  |  | 12.2 | % |  |  | (50.5 | )% |  |  | (1.0 | )% |  |  | (36.7 | )% |  |  | (48.0 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.00 | % |  |  | 1.73 | % |  |  | 0.95 | % |  |  | 1.19 | % |  |  | 1.60 | %
Net investment income gain (loss) |  |  | (0.96 | )% |  |  | (1.65 | )% |  |  | (0.90 | )% |  |  | (1.10 | )% |  |  | (1.56 | )%
* | 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 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 June 30, 2021.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if brokerage commissions and futures account fees were excluded.
For the Three Months Ended June 30, 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 March 31, 2021 |  | $ | 24.41 |  |  | $ | 37.60 |  |  | $ | 27.92 |  |  | $ | 38.86 |  |  | $ | 34.74 |  |  | $ | 37.29 |
Net investment income (loss) |  |  | (0.05 | ) |  |  | (0.08 | ) |  |  | (0.06 | ) |  |  | (0.09 | ) |  |  | (0.08 | ) |  |  | (0.09 | )
Net realized and unrealized gain (loss)# |  |  | (0.55 | ) |  |  | (2.85 | ) |  |  | (4.49 | ) |  |  | 0.21 |  |  |  | (4.15 | ) |  |  | (13.11 | )
Change in net asset value from operations |  |  | (0.60 | ) |  |  | (2.93 | ) |  |  | (4.55 | ) |  |  | 0.12 |  |  |  | (4.23 | ) |  |  | (13.20 | )
Net asset value, at June 30, 2021 |  | $ | 23.81 |  |  | $ | 34.67 |  |  | $ | 23.37 |  |  | $ | 38.98 |  |  | $ | 30.51 |  |  | $ | 24.09 |
Market value per share, at March 31, 2021 † |  | $ | 24.42 |  |  | $ | 37.89 |  |  | $ | 28.04 |  |  | $ | 38.88 |  |  | $ | 35.06 |  |  | $ | 37.40 |
Market value per share, at June 30, 2021 † |  | $ | 23.82 |  |  | $ | 34.69 |  |  | $ | 23.28 |  |  | $ | 38.99 |  |  | $ | 30.54 |  |  | $ | 24.08 |
Total Return, at net asset value^ |  |  | (2.5 | )% |  |  | (7.8 | )% |  |  | (16.3 | )% |  |  | 0.3 | % |  |  | (12.2 | )% |  |  | (35.6 | )%
Total Return, at market value^ |  |  | (2.5 | )% |  |  | (8.4 | )% |  |  | (17.0 | )% |  |  | 0.3 | % |  |  | (12.9 | )% |  |  | (35.4 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 0.95 | % |  |  | 1.01 | % |  |  | 1.05 | % |  |  | 0.95 | % |  |  | 1.07 | % |  |  | 1.19 | %
Net investment income gain (loss) |  |  | (0.90 | )% |  |  | (0.96 | )% |  |  | (1.02 | )% |  |  | (0.90 | )% |  |  | (1.03 | )% |  |  | (1.14 | )%
* | 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 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 June 30, 2021.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.85% and 0.85%, respectively, if brokerage commissions and futures account fees were excluded.
Selected Data for a Share Outstanding Throughout the six Months Ended June 30, 2022
For the Six Months Ended June 30, 2022 (unaudited) |
Per Share Operating Performance |  | Short VIX Short-Term Futures ETF |  |  | Ultra Bloomberg Crude Oil* |  |  | Ultra Bloomberg Natural Gas |  |  | Ultra Euro |  |  | Ultra Gold |
Net asset value, at December 31, 2021 |  | $ | 61.56 |  |  | $ | 21.54 |  |  | $ | 25.55 |  |  | $ | 13.32 |  |  | $ | 59.69 |
Net investment income (loss) |  |  | (0.29 | ) |  |  | (0.15 | ) |  |  | (0.29 | ) |  |  | (0.04 | ) |  |  | (0.22 | )
Net realized and unrealized gain (loss)# |  |  | (13.13 | ) |  |  | 20.22 |  |  |  | 14.27 |  |  |  | (2.20 | ) |  |  | (3.01 | )
Change in net asset value from operations |  |  | (13.42 | ) |  |  | 20.07 |  |  |  | 13.98 |  |  |  | (2.24 | ) |  |  | (3.23 | )
Net asset value, at June 30, 2022 |  | $ | 48.14 |  |  | $ | 41.61 |  |  | $ | 39.53 |  |  | $ | 11.08 |  |  | $ | 56.46 |
Market value per share, at December 31, 2021 † |  | $ | 61.55 |  |  | $ | 21.70 |  |  | $ | 26.09 |  |  | $ | 13.33 |  |  | $ | 59.81 |
Market value per share, at June 30, 2022 † |  | $ | 48.21 |  |  | $ | 41.86 |  |  | $ | 42.10 |  |  | $ | 11.11 |  |  | $ | 56.50 |
Total Return, at net asset value^ |  |  | (21.8 | )% |  |  | 93.2 | % |  |  | 54.7 | % |  |  | (16.8 | )% |  |  | (5.4 | )%
Total Return, at market value^ |  |  | (21.7 | )% |  |  | 92.9 | % |  |  | 61.4 | % |  |  | (16.7 | )% |  |  | (5.5 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.28 | % |  |  | 1.05 | % |  |  | 1.29 | % |  |  | 0.95 | % |  |  | 0.99 | %
Net investment income gain (loss) |  |  | (1.12 | )% |  |  | (0.82 | )% |  |  | (1.10 | )% |  |  | (0.65 | )% |  |  | (0.71 | )%
* | 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 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 June 30, 2022.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if brokerage commissions and futures account fees were excluded.
For the Six Months Ended June 30, 2022 (unaudited) |
Per Share Operating Performance |  | Ultra Silver |  |  | Ultra VIX Short-Term Futures ETF * |  |  | Ultra Yen |  |  | UltraShort Bloomberg Crude Oil * |  |  | UltraShort Bloomberg Natural Gas * |
Net asset value, at December 31, 2021 |  | $ | 34.84 |  |  | $ | 12.41 |  |  | $ | 47.29 |  |  | $ | 64.26 |  |  | $ | 247.40 |
Net investment income (loss) |  |  | (0.13 | ) |  |  | (0.11 | ) |  |  | (0.13 | ) |  |  | (0.12 | ) |  |  | (0.31 | )
Net realized and unrealized gain (loss)# |  |  | (9.93 | ) |  |  | 2.21 |  |  |  | (13.65 | ) |  |  | (41.10 | ) |  |  | (204.44 | )
Change in net asset value from operations |  |  | (10.06 | ) |  |  | 2.10 |  |  |  | (13.78 | ) |  |  | (41.22 | ) |  |  | (204.75 | )
Net asset value, at June 30, 2022 |  | $ | 24.78 |  |  | $ | 14.51 |  |  | $ | 33.51 |  |  | $ | 23.04 |  |  | $ | 42.65 |
Market value per share, at December 31, 2021 † |  | $ | 34.74 |  |  | $ | 12.43 |  |  | $ | 47.29 |  |  | $ | 63.75 |  |  | $ | 242.20 |
Market value per share, at June 30, 2022 † |  | $ | 24.47 |  |  | $ | 14.53 |  |  | $ | 33.49 |  |  | $ | 22.93 |  |  | $ | 40.02 |
Total Return, at net asset value^ |  |  | (28.9 | )% |  |  | 17.0 | % |  |  | (29.2 | )% |  |  | (64.2 | )% |  |  | (82.8 | )%
Total Return, at market value^ |  |  | (29.6 | )% |  |  | 16.9 | % |  |  | (29.2 | )% |  |  | (64.0 | )% |  |  | (83.5 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 0.98 | % |  |  | 1.65 | % |  |  | 0.95 | % |  |  | 1.18 | % |  |  | 1.47 | %
Net investment income gain (loss) |  |  | (0.75 | )% |  |  | (1.53 | )% |  |  | (0.67 | )% |  |  | (0.95 | )% |  |  | (1.30 | )%
* | 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 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 June 30, 2022.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded.
For the Six Months Ended June 30, 2022 (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, 2021 |  | $ | 25.84 |  |  | $ | 31.71 |  |  | $ | 26.77 |  |  | $ | 41.50 |  |  | $ | 30.61 |  |  | $ | 15.12 |
Net investment income (loss) |  |  | (0.11 | ) |  |  | (0.12 | ) |  |  | (0.11 | ) |  |  | (0.17 | ) |  |  | (0.14 | ) |  |  | (0.09 | )
Net realized and unrealized gain (loss)# |  |  | 4.65 |  |  |  | (0.04 | ) |  |  | 5.08 |  |  |  | 15.73 |  |  |  | 4.82 |  |  |  | 3.19 |
Change in net asset value from operations |  |  | 4.54 |  |  |  | (0.16 | ) |  |  | 4.97 |  |  |  | 15.56 |  |  |  | 4.68 |  |  |  | 3.10 |
Net asset value, at June 30, 2022 |  | $ | 30.38 |  |  | $ | 31.55 |  |  | $ | 31.74 |  |  | $ | 57.06 |  |  | $ | 35.29 |  |  | $ | 18.22 |
Market value per share, at December 31, 2021 † |  | $ | 25.86 |  |  | $ | 31.66 |  |  | $ | 26.84 |  |  | $ | 41.50 |  |  | $ | 30.57 |  |  | $ | 15.17 |
Market value per share, at June 30, 2022 † |  | $ | 30.41 |  |  | $ | 31.59 |  |  | $ | 32.19 |  |  | $ | 57.13 |  |  | $ | 35.38 |  |  | $ | 18.25 |
Total Return, at net asset value^ |  |  | 17.5 | % |  |  | (0.5 | )% |  |  | 18.6 | % |  |  | 37.5 | % |  |  | 15.3 | % |  |  | 20.4 | %
Total Return, at market value^ |  |  | 17.6 | % |  |  | (0.2 | )% |  |  | 19.9 | % |  |  | 37.7 | % |  |  | 15.7 | % |  |  | 20.3 | %
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 0.95 | % |  |  | 1.00 | % |  |  | 1.07 | % |  |  | 0.95 | % |  |  | 1.02 | % |  |  | 1.20 | %
Net investment income gain (loss) |  |  | (0.75 | )% |  |  | (0.81 | )% |  |  | (0.86 | )% |  |  | (0.72 | )% |  |  | (0.87 | )% |  |  | (1.04 | )%
* | 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 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 June 30, 2022.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.85% and 0.85%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded.
Selected Data for a Share Outstanding Throughout the six Months Ended June 30, 2021
For the Six Months Ended June 30, 2021 (unaudited)
Per Share Operating Performance |  | 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 |  | $ | 41.42 |  |  | $ | 9.10 |  |  | $ | 21.00 |  |  | $ | 15.79 |  |  | $ | 67.57 |
Net investment income (loss) |  |  | (0.31 | ) |  |  | (0.07 | ) |  |  | (0.17 | ) |  |  | (0.07 | ) |  |  | (0.29 | )
Net realized and unrealized gain (loss)# |  |  | 14.50 |  |  |  | 10.53 |  |  |  | 14.50 |  |  |  | (1.05 | ) |  |  | (10.00 | )
Change in net asset value from operations |  |  | 14.19 |  |  |  | 10.46 |  |  |  | 14.33 |  |  |  | (1.12 | ) |  |  | (10.29 | )
Net asset value, at June 30, 2021 |  | $ | 55.61 |  |  | $ | 19.56 |  |  | $ | 35.33 |  |  | $ | 14.67 |  |  | $ | 57.28 |
Market value per share, at December 31, 2020 † |  | $ | 41.44 |  |  | $ | 9.07 |  |  | $ | 21.07 |  |  | $ | 15.81 |  |  | $ | 68.20 |
Market value per share, at June 30, 2021 † |  | $ | 55.55 |  |  | $ | 19.56 |  |  | $ | 37.17 |  |  | $ | 14.66 |  |  | $ | 57.22 |
Total Return, at net asset value^ |  |  | 34.3 | % |  |  | 115.0 | % |  |  | 68.3 | % |  |  | (7.1 | )% |  |  | (15.2 | )%
Total Return, at market value^ |  |  | 34.1 | % |  |  | 115.7 | % |  |  | 76.4 | % |  |  | (7.3 | )% |  |  | (16.1 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.36 | % |  |  | 1.11 | % |  |  | 1.53 | % |  |  | 0.95 | % |  |  | 1.01 | %
Net investment income gain (loss) |  |  | (1.33 | )% |  |  | (1.06 | )% |  |  | (1.47 | )% |  |  | (0.90 | )% |  |  | (0.96 | )%
* | 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 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 June 30, 2021.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded.
For the Six Months Ended June 30, 2021 (unaudited) |
Per Share Operating Performance |  | Ultra Silver |  |  | Ultra VIX Short-Term Futures ETF * |  |  | Ultra Yen |  |  | UltraShort Bloomberg Crude Oil * |  |  | UltraShort Bloomberg Natural Gas * |
Net asset value, at December 31, 2020 |  | $ | 50.71 |  |  | $ | 106.68 |  |  | $ | 59.83 |  |  | $ | 232.23 |  |  | $ | 951.82 |
Net investment income (loss) |  |  | (0.24 | ) |  |  | (0.55 | ) |  |  | (0.25 | ) |  |  | (0.81 | ) |  |  | (5.26 | )
Net realized and unrealized gain (loss)# |  |  | (4.50 | ) |  |  | (78.22 | ) |  |  | (8.34 | ) |  |  | (140.86 | ) |  |  | (515.49 | )
Change in net asset value from operations |  |  | (4.74 | ) |  |  | (78.77 | ) |  |  | (8.59 | ) |  |  | (141.67 | ) |  |  | (520.75 | )
Net asset value, at June 30, 2021 |  | $ | 45.97 |  |  | $ | 27.91 |  |  | $ | 51.24 |  |  | $ | 90.56 |  |  | $ | 431.07 |
Market value per share, at December 31, 2020 † |  | $ | 51.28 |  |  | $ | 106.50 |  |  | $ | 59.82 |  |  | $ | 232.80 |  |  | $ | 947.60 |
Market value per share, at June 30, 2021 † |  | $ | 46.12 |  |  | $ | 27.98 |  |  | $ | 51.26 |  |  | $ | 90.55 |  |  | $ | 408.80 |
Total Return, at net asset value^ |  |  | (9.4 | )% |  |  | (73.8 | )% |  |  | (14.4 | )% |  |  | (61.0 | )% |  |  | (54.7 | )%
Total Return, at market value^ |  |  | (10.1 | )% |  |  | (73.7 | )% |  |  | (14.3 | )% |  |  | (61.1 | )% |  |  | (56.9 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.04 | % |  |  | 1.76 | % |  |  | 0.95 | % |  |  | 1.27 | % |  |  | 1.60 | %
Net investment income gain (loss) |  |  | (0.99 | )% |  |  | (1.71 | )% |  |  | (0.90 | )% |  |  | (1.20 | )% |  |  | (1.56 | )%
* | 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 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 June 30, 2021.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded.
For the Six Months Ended June 30, 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 |  |  | $ | 27.73 |  |  | $ | 33.91 |  |  | $ | 36.73 |  |  | $ | 55.03 |
Net investment income (loss) |  |  | (0.10 | ) |  |  | (0.17 | ) |  |  | (0.13 | ) |  |  | (0.16 | ) |  |  | (0.18 | ) |  |  | (0.23 | )
Net realized and unrealized gain (loss)# |  |  | 1.38 |  |  |  | 3.41 |  |  |  | (4.23 | ) |  |  | 5.22 |  |  |  | (6.04 | ) |  |  | (30.71 | )
Change in net asset value from operations |  |  | 1.28 |  |  |  | 3.24 |  |  |  | (4.36 | ) |  |  | 5.06 |  |  |  | (6.22 | ) |  |  | (30.94 | )
Net asset value, at June 30, 2021 |  | $ | 23.81 |  |  | $ | 34.67 |  |  | $ | 23.37 |  |  | $ | 38.98 |  |  | $ | 30.51 |  |  | $ | 24.09 |
Market value per share, at December 31, 2020 † |  | $ | 22.52 |  |  | $ | 31.14 |  |  | $ | 27.40 |  |  | $ | 33.91 |  |  | $ | 36.70 |  |  | $ | 54.96 |
Market value per share, at June 30, 2021 † |  | $ | 23.82 |  |  | $ | 34.69 |  |  | $ | 23.28 |  |  | $ | 38.99 |  |  | $ | 30.54 |  |  | $ | 24.08 |
Total Return, at net asset value^ |  |  | 5.7 | % |  |  | 10.3 | % |  |  | (15.7 | )% |  |  | 15.0 | % |  |  | (16.9 | )% |  |  | (56.2 | )%
Total Return, at market value^ |  |  | 5.8 | % |  |  | 11.4 | % |  |  | (15.0 | )% |  |  | 14.9 | % |  |  | (16.8 | )% |  |  | (56.2 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 0.95 | % |  |  | 1.04 | % |  |  | 1.10 | % |  |  | 0.95 | % |  |  | 1.05 | % |  |  | 1.25 | %
Net investment income gain (loss) |  |  | (0.90 | )% |  |  | (0.99 | )% |  |  | (1.07 | )% |  |  | (0.90 | )% |  |  | (1.00 | )% |  |  | (1.21 | )%
* | 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 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 June 30, 2021.
^^ | The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.85% and 0.85%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration