v3.24.1.u1

Financial Highlights (Tables) | 3 Months Ended
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Mar. 31, 2024
Quarterly Financial Information Disclosure [Abstract] |
Per Share Operating Performance | S elected Data for a Share Outstanding Throughout the Three Months Ended March 31, 2024 For the Three Months Ended March 31, 2024 (unaudited)
Per Share Operating Performance |  | Short VIX Short-Term Futures ETF * |  |  | Ultra Bloomberg Crude Oil |  |  | Ultra Bloomberg Natural Gas |  |  | Ultra Euro |  |  | Ultra Gold |  |  | Ultra Silver |
Net asset value, at December 31, 2023 |  | $ | 51.69 |  |  | $ | 26.28 |  |  | $ | 28.55 |  |  | $ | 11.86 |  |  | $ | 63.83 |  |  | $ | 27.29 |
Net investment income (loss) |  |  | 0.41 |  |  |  | 0.16 |  |  |  | 0.13 |  |  |  | 0.11 |  |  |  | 0.54 |  |  |  | 0.19 |
Net realized and unrealized gain (loss)# |  |  | 4.28 |  |  |  | 6.75 |  |  |  | (15.55 | ) |  |  | (0.63 | ) |  |  | 7.62 |  |  |  | 1.05 |
Change in net asset value from operations |  |  | 4.69 |  |  |  | 6.91 |  |  |  | (15.42 | ) |  |  | (0.52 | ) |  |  | 8.16 |  |  |  | 1.24 |
Net asset value, at March 31, 2024 |  | $ | 56.38 |  |  | $ | 33.19 |  |  | $ | 13.13 |  |  | $ | 11.34 |  |  | $ | 71.99 |  |  | $ | 28.53 |
Market value per share, at December 31, 2023 † |  | $ | 51.70 |  |  | $ | 26.10 |  |  | $ | 28.44 |  |  | $ | 11.84 |  |  | $ | 63.87 |  |  | $ | 27.17 |
Market value per share, at March 31, 2024 † |  | $ | 56.37 |  |  | $ | 33.00 |  |  | $ | 12.86 |  |  | $ | 11.32 |  |  | $ | 72.26 |  |  | $ | 28.74 |
Total Return, at net asset value^ |  |  | 9.1 | % |  |  | 26.3 | % |  |  | (54.0 | )% |  |  | (4.4 | )% |  |  | 12.8 | % |  |  | 4.6 | %
Total Return, at market value^ |  |  | 9.0 | % |  |  | 26.4 | % |  |  | (54.8 | )% |  |  | (4.4 | )% |  |  | 13.1 | % |  |  | 5.8 | %
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.17 | % |  |  | 0.99 | % |  |  | 1.47 | % |  |  | 0.95 | % |  |  | 0.97 | % |  |  | 0.98 | %
Net investment income gain (loss) |  |  | 3.08 | % |  |  | 2.23 | % |  |  | 2.76 | % |  |  | 3.73 | % |  |  | 3.41 | % |  |  | 2.97 | %
* | See Note 8 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 March 31, 2024.
^^ | The expense ratio would be 0.95%, 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 March 31, 2024 (unaudited)
Per Share Operating Performance |  | Ultra VIX Short-Term Futures ETF * |  |  | Ultra Yen |  |  | UltraShort Bloomberg Crude Oil |  |  | UltraShort Bloomberg Natural Gas * |  |  | UltraShort Euro |  |  | UltraShort Gold |
Net asset value, at December 31, 2023 |  | $ | 42.17 |  |  | $ | 27.46 |  |  | $ | 20.75 |  |  | $ | 48.05 |  |  | $ | 29.16 |  |  | $ | 26.39 |
Net investment income (loss) |  |  | 0.20 |  |  |  | 0.22 |  |  |  | 0.17 |  |  |  | 0.40 |  |  |  | 0.27 |  |  |  | 0.21 |
Net realized and unrealized gain (loss)# |  |  | (10.91 | ) |  |  | (4.35 | ) |  |  | (5.00 | ) |  |  | 28.02 |  |  |  | 1.54 |  |  |  | (3.15 | )
Change in net asset value from operations |  |  | (10.71 | ) |  |  | (4.13 | ) |  |  | (4.83 | ) |  |  | 28.42 |  |  |  | 1.81 |  |  |  | (2.94 | )
Net asset value, at March 31, 2024 |  | $ | 31.46 |  |  | $ | 23.33 |  |  | $ | 15.92 |  |  | $ | 76.47 |  |  | $ | 30.97 |  |  | $ | 23.45 |
Market value per share, at December 31, 2023 † |  | $ | 42.20 |  |  | $ | 27.49 |  |  | $ | 20.89 |  |  | $ | 48.21 |  |  | $ | 29.15 |  |  | $ | 26.37 |
Market value per share, at March 31, 2024 † |  | $ | 31.60 |  |  | $ | 23.35 |  |  | $ | 16.02 |  |  | $ | 78.35 |  |  | $ | 30.96 |  |  | $ | 23.38 |
Total Return, at net asset value^ |  |  | (25.4 | )% |  |  | (15.1 | )% |  |  | (23.3 | )% |  |  | 59.2 | % |  |  | 6.2 | % |  |  | (11.1 | )%
Total Return, at market value^ |  |  | (25.1 | )% |  |  | (15.1 | )% |  |  | (23.3 | )% |  |  | 62.5 | % |  |  | 6.2 | % |  |  | (11.3 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.77 | % |  |  | 0.95 | % |  |  | 1.06 | % |  |  | 1.95 | % |  |  | 0.95 | % |  |  | 0.98 | %
Net investment income gain (loss) |  |  | 2.16 | % |  |  | 3.60 | % |  |  | 3.65 | % |  |  | 2.92 | % |  |  | 3.62 | % |  |  | 3.22 | %
* | See Note 8 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 March 31, 2024.
^^ | The expense ratio would be 0.95%, 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 March 31, 2024 (unaudited)
Per Share Operating Performance |  | UltraShort Silver |  |  | UltraShort Yen |  |  | VIX Mid-Term Futures ETF |  |  | VIX Short-Term Futures ETF |
Net asset value, at December 31, 2023 |  | $ | 18.14 |  |  | $ | 68.88 |  |  | $ | 16.74 |  |  | $ | 15.50 |
Net investment income (loss) |  |  | 0.14 |  |  |  | 0.69 |  |  |  | 0.14 |  |  |  | 0.12 |
Net realized and unrealized gain (loss)# |  |  | (1.46 | ) |  |  | 12.38 |  |  |  | (1.03 | ) |  |  | (2.69 | )
Change in net asset value from operations |  |  | (1.32 | ) |  |  | 13.07 |  |  |  | (0.89 | ) |  |  | (2.57 | )
Net asset value, at March 31, 2024 |  | $ | 16.82 |  |  | $ | 81.95 |  |  | $ | 15.85 |  |  | $ | 12.93 |
Market value per share, at December 31, 2023 † |  | $ | 18.24 |  |  | $ | 68.94 |  |  | $ | 16.75 |  |  | $ | 15.51 |
Market value per share, at March 31, 2024 † |  | $ | 16.71 |  |  | $ | 81.83 |  |  | $ | 15.85 |  |  | $ | 12.96 |
Total Return, at net asset value^ |  |  | (7.3 | )% |  |  | 19.0 | % |  |  | (5.3 | )% |  |  | (16.6 | )%
Total Return, at market value^ |  |  | (8.4 | )% |  |  | 18.7 | % |  |  | (5.4 | )% |  |  | (16.4 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.01 | % |  |  | 0.95 | % |  |  | 1.08 | % |  |  | 1.04 | %
Net investment income gain (loss) |  |  | 2.96 | % |  |  | 3.58 | % |  |  | 3.44 | % |  |  | 3.41 | %
** | 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, 2024.
^^ | The expense ratio would be 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 March 31, 2023 For the Three Months Ended March 31, 2023 (unaudited)
Per Share Operating Performance |  | Short VIX Short-Term Futures ETF ** |  |  | Ultra Bloomberg Crude Oil |  |  | Ultra Bloomberg Natural Gas * |  |  | Ultra Euro |  |  | Ultra Gold |  |  | Ultra Silver |
Net asset value, at December 31, 2022 |  | $ | 29.35 |  |  | $ | 30.26 |  |  | $ | 363.08 |  |  | $ | 11.27 |  |  | $ | 55.09 |  |  | $ | 31.75 |
Net investment income (loss) |  |  | 0.18 |  |  |  | 0.14 |  |  |  | 0.67 |  |  |  | 0.08 |  |  |  | 0.39 |  |  |  | 0.19 |
Net realized and unrealized gain (loss)# |  |  | 2.33 |  |  |  | (3.87 | ) |  |  | (289.99 | ) |  |  | 0.14 |  |  |  | 7.38 |  |  |  | (0.84 | )
Change in net asset value from operations |  |  | 2.51 |  |  |  | (3.73 | ) |  |  | (289.32 | ) |  |  | 0.22 |  |  |  | 7.77 |  |  |  | (0.65 | )
Net asset value, at March 31, 2023 |  | $ | 31.86 |  |  | $ | 26.53 |  |  | $ | 73.76 |  |  | $ | 11.49 |  |  | $ | 62.86 |  |  | $ | 31.10 |
Market value per share, at December 31, 2022 † |  | $ | 29.34 |  |  | $ | 30.31 |  |  | $ | 355.60 |  |  | $ | 11.26 |  |  | $ | 55.27 |  |  | $ | 32.00 |
Market value per share, at March 31, 2023 † |  | $ | 31.88 |  |  | $ | 26.47 |  |  | $ | 72.20 |  |  | $ | 11.49 |  |  | $ | 63.02 |  |  | $ | 31.23 |
Total Return, at net asset value^ |  |  | 8.6 | % |  |  | (12.3 | )% |  |  | (79.7 | )% |  |  | 2.0 | % |  |  | 14.1 | % |  |  | (2.0 | )%
Total Return, at market value^ |  |  | 8.6 | % |  |  | (12.7 | )% |  |  | (79.7 | )% |  |  | 2.0 | % |  |  | 14.0 | % |  |  | (2.4 | )%
Ratios to Average Net Assets*** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.16 | % |  |  | 1.00 | % |  |  | 1.42 | % |  |  | 0.95 | % |  |  | 0.97 | % |  |  | 0.98 | %
Net investment income gain (loss) |  |  | 2.38 | % |  |  | 2.05 | % |  |  | 2.24 | % |  |  | 2.86 | % |  |  | 2.70 | % |  |  | 2.70 | %
* | See Note 1 of these Notes to Financial Statements.
** | See Note 8 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 March 31, 2023.
^^ | The expense ratio would be 0.95%, 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 March 31, 2023 (unaudited)
Per Share Operating Performance |  | Ultra VIX Short-Term Futures ETF * |  |  | Ultra Yen |  |  | UltraShort Bloomberg Crude Oil |  |  | UltraShort Bloomberg Natural Gas ** |  |  | UltraShort Euro |  |  | UltraShort Gold |
Net asset value, at December 31, 2022 |  | $ | 343.43 |  |  | $ | 34.54 |  |  | $ | 23.93 |  |  | $ | 13.50 |  |  | $ | 29.46 |  |  | $ | 31.10 |
Net investment income (loss) |  |  | 0.98 |  |  |  | 0.23 |  |  |  | 0.18 |  |  |  | 0.13 |  |  |  | 0.21 |  |  |  | 0.18 |
Net realized and unrealized gain (loss)# |  |  | (113.14 | ) |  |  | (1.72 | ) |  |  | 1.04 |  |  |  | 21.93 |  |  |  | (0.63 | ) |  |  | (4.40 | )
Change in net asset value from operations |  |  | (112.16 | ) |  |  | (1.49 | ) |  |  | 1.22 |  |  |  | 22.06 |  |  |  | (0.42 | ) |  |  | (4.22 | )
Net asset value, at March 31, 2023 |  | $ | 231.27 |  |  | $ | 33.05 |  |  | $ | 25.15 |  |  | $ | 35.56 |  |  | $ | 29.04 |  |  | $ | 26.88 |
Market value per share, at December 31, 2022 † |  | $ | 343.00 |  |  | $ | 34.56 |  |  | $ | 23.85 |  |  | $ | 13.78 |  |  | $ | 29.45 |  |  | $ | 30.99 |
Market value per share, at March 31, 2023 † |  | $ | 232.50 |  |  | $ | 33.02 |  |  | $ | 25.22 |  |  | $ | 36.21 |  |  | $ | 29.04 |  |  | $ | 26.84 |
Total Return, at net asset value^ |  |  | (32.7 | )% |  |  | (4.3 | )% |  |  | 5.1 | % |  |  | 163.4 | % |  |  | (1.4 | )% |  |  | (13.6 | )%
Total Return, at market value^ |  |  | (32.2 | )% |  |  | (4.5 | )% |  |  | 5.8 | % |  |  | 162.8 | % |  |  | (1.4 | )% |  |  | (13.4 | )%
Ratios to Average Net Assets*** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.57 | % |  |  | 0.95 | % |  |  | 1.08 | % |  |  | 1.72 | % |  |  | 0.95 | % |  |  | 0.99 | %
Net investment income gain (loss) |  |  | 1.48 | % |  |  | 2.78 | % |  |  | 2.85 | % |  |  | 2.08 | % |  |  | 2.85 | % |  |  | 2.48 | %
* | See Note 1 and Note 8 of these Notes to Financial Statements.
** | See Note 8 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 March 31, 2023.
^^ | The expense ratio would be 0.95%, 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 March 31, 2023 (unaudited)
Per Share Operating Performance |  | UltraShort Silver |  |  | UltraShort Yen |  |  | VIX Mid- Term Futures ETF |  |  | VIX Short- Term Futures ETF * |
Net asset value, at December 31, 2022 |  | $ | 19.46 |  |  | $ | 53.68 |  |  | $ | 30.41 |  |  | $ | 57.00 |
Net investment income (loss) |  |  | 0.11 |  |  |  | 0.39 |  |  |  | 0.18 |  |  |  | 0.29 |
Net realized and unrealized gain (loss)# |  |  | (0.94 | ) |  |  | 1.91 |  |  |  | (3.80 | ) |  |  | (12.13 | )
Change in net asset value from operations |  |  | (0.83 | ) |  |  | 2.30 |  |  |  | (3.62 | ) |  |  | (11.84 | )
Net asset value, at March 31, 2023 |  | $ | 18.63 |  |  | $ | 55.98 |  |  | $ | 26.79 |  |  | $ | 45.16 |
Market value per share, at December 31, 2022 † |  | $ | 19.30 |  |  | $ | 53.57 |  |  | $ | 30.36 |  |  | $ | 56.90 |
Market value per share, at March 31, 2023 † |  | $ | 18.56 |  |  | $ | 56.00 |  |  | $ | 26.82 |  |  | $ | 45.25 |
Total Return, at net asset value^ |  |  | (4.2 | )% |  |  | 4.3 | % |  |  | (11.9 | )% |  |  | (20.8 | )%
Total Return, at market value^ |  |  | (3.8 | )% |  |  | 4.5 | % |  |  | (11.7 | )% |  |  | (20.5 | )%
Ratios to Average Net Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio^^ |  |  | 1.04 | % |  |  | 0.95 | % |  |  | 0.97 | % |  |  | 1.09 | %
Net investment income gain (loss) |  |  | 2.12 | % |  |  | 2.87 | % |  |  | 2.70 | % |  |  | 2.39 | %
* | 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 March 31, 2023.
^^ | The expense ratio would be 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.

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