v3.24.1.u1
Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Investment Income    
Interest $ 30,789,270 $ 33,875,375
Expenses    
Management fee 7,170,260 9,254,328
Brokerage commissions 1,843,552 2,374,632
Futures accounts fees 230,463 402,762
Total expenses 9,244,275 12,031,722
Net investment income (loss) 21,544,995 21,843,653
Net realized gain (loss) on    
Net realized gain (loss) (199,970,152) (998,103,220)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (53,162,989) (181,707,249)
Net realized and unrealized gain (loss) (253,133,141) (1,179,810,469)
Net income (loss) (231,588,146) (1,157,966,816)
Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (288,399,020) (1,085,860,567)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (100,372,675) (32,561,423)
Swap Agreements [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 89,484,514 90,224,693
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 45,577,444 (150,345,998)
Foreign Currency Forward Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (1,125,591) (2,453,816)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 1,817,440 1,417,263
Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 69,945 (13,530)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (185,198) (217,091)
ProShares Short VIX Short-Term Futures ETF [Member]    
Investment Income    
Interest 3,309,285 2,109,122
Expenses    
Management fee 740,396 565,777
Brokerage commissions 171,599 126,503
Total expenses 911,995 692,280
Net investment income (loss) 2,397,290 1,416,842
Net realized gain (loss) on    
Net realized gain (loss) 28,514,617 29,604,148
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (4,654,821) 3,155,177
Net realized and unrealized gain (loss) 23,859,796 32,759,325
Net income (loss) 26,257,086 34,176,167
ProShares Short VIX Short-Term Futures ETF [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 28,496,948 29,604,148
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (4,627,587) 3,178,807
ProShares Short VIX Short-Term Futures ETF [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 17,669 0
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (27,234) (23,630)
ProShares Ultra Bloomberg Crude Oil [Member]    
Investment Income    
Interest 5,010,450 6,007,908
Expenses    
Management fee 1,477,017 1,874,618
Brokerage commissions 61,804 94,344
Total expenses 1,538,821 1,968,962
Net investment income (loss) 3,471,629 4,038,946
Net realized gain (loss) on    
Net realized gain (loss) 93,131,105 85,780,427
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 55,083,842 (138,210,442)
Net realized and unrealized gain (loss) 148,214,947 (52,430,015)
Net income (loss) 151,686,576 (48,391,069)
ProShares Ultra Bloomberg Crude Oil [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 16,466,837 10,834,024
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 25,426,977 3,202,447
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreements [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 76,651,763 74,946,403
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 29,711,430 (141,361,963)
ProShares Ultra Bloomberg Crude Oil [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 12,505 0
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (54,565) (50,926)
ProShares Ultra Bloomberg Natural Gas [Member]    
Investment Income    
Interest 6,452,140 8,958,523
Expenses    
Management fee 1,449,427 2,328,410
Brokerage commissions 703,092 952,779
Futures accounts fees 88,985 187,693
Total expenses 2,241,504 3,468,882
Net investment income (loss) 4,210,636 5,489,641
Net realized gain (loss) on    
Net realized gain (loss) (242,180,914) (1,061,634,864)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (136,392,955) (53,009,690)
Net realized and unrealized gain (loss) (378,573,869) (1,114,644,554)
Net income (loss) (374,363,233) (1,109,154,913)
ProShares Ultra Bloomberg Natural Gas [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (242,180,914) (1,100,791,083)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (136,379,348) (13,901,318)
ProShares Ultra Bloomberg Natural Gas [Member] | Swap Agreements [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 0 39,159,789
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 0 (39,088,319)
ProShares Ultra Bloomberg Natural Gas [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 0 (3,570)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (13,607) (20,053)
ProShares Ultra Euro [Member]    
Investment Income    
Interest 78,486 97,237
Expenses    
Management fee 15,935 24,246
Total expenses 15,935 24,246
Net investment income (loss) 62,551 72,991
Net realized gain (loss) on    
Net realized gain (loss) 144,574 280,279
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (509,514) (96,945)
Net realized and unrealized gain (loss) (364,940) 183,334
Net income (loss) (302,389) 256,325
ProShares Ultra Euro [Member] | Foreign Currency Forward Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 144,574 280,279
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (509,514) (96,945)
ProShares Ultra Gold [Member]    
Investment Income    
Interest 2,013,915 1,649,014
Expenses    
Management fee 436,603 427,114
Brokerage commissions 9,873 8,615
Total expenses 446,476 435,729
Net investment income (loss) 1,567,439 1,213,285
Net realized gain (loss) on    
Net realized gain (loss) 18,474,282 10,799,896
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 2,721,192 10,688,379
Net realized and unrealized gain (loss) 21,195,474 21,488,275
Net income (loss) 22,762,913 22,701,560
ProShares Ultra Gold [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 6,965,052 2,760,579
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (1,719,120) 1,854,323
ProShares Ultra Gold [Member] | Swap Agreements [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 11,506,219 8,039,317
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 4,456,434 8,856,793
ProShares Ultra Gold [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 3,011 0
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (16,122) (22,737)
ProShares Ultra Silver [Member]    
Investment Income    
Interest 3,634,857 3,374,396
Expenses    
Management fee 873,901 871,559
Brokerage commissions 28,042 26,562
Total expenses 901,943 898,121
Net investment income (loss) 2,732,914 2,476,275
Net realized gain (loss) on    
Net realized gain (loss) (4,465,915) (28,743,864)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 21,608,599 22,352,120
Net realized and unrealized gain (loss) 17,142,684 (6,391,744)
Net income (loss) 19,875,598 (3,915,469)
ProShares Ultra Silver [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (5,638,782) 3,641,746
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 10,280,846 (751,963)
ProShares Ultra Silver [Member] | Swap Agreements [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 1,168,070 (32,385,610)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 11,359,676 23,139,621
ProShares Ultra Silver [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 4,797 0
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (31,923) (35,538)
ProShares Ultra VIX Short-Term Futures ETF [Member]    
Investment Income    
Interest 2,758,242 4,416,655
Expenses    
Management fee 667,531 1,373,770
Brokerage commissions 486,546 777,701
Futures accounts fees 86,170 123,361
Total expenses 1,240,247 2,274,832
Net investment income (loss) 1,517,995 2,141,823
Net realized gain (loss) on    
Net realized gain (loss) (90,992,592) (182,241,208)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 13,280,569 2,037,527
Net realized and unrealized gain (loss) (77,712,023) (180,203,681)
Net income (loss) (76,194,028) (178,061,858)
ProShares Ultra VIX Short-Term Futures ETF [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (91,003,229) (182,233,430)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 13,285,128 2,046,250
ProShares Ultra VIX Short-Term Futures ETF [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 10,637 (7,778)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (4,559) (8,723)
ProShares Ultra Yen [Member]    
Investment Income    
Interest 370,254 120,118
Expenses    
Management fee 77,236 30,560
Total expenses 77,236 30,560
Net investment income (loss) 293,018 89,558
Net realized gain (loss) on    
Net realized gain (loss) (2,031,575) (298,808)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (3,578,931) (494,067)
Net realized and unrealized gain (loss) (5,610,506) (792,875)
Net income (loss) (5,317,488) (703,317)
ProShares Ultra Yen [Member] | Foreign Currency Forward Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (2,031,575) (298,808)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (3,578,931) (494,067)
ProShares UltraShort Bloomberg Crude Oil [Member]    
Investment Income    
Interest 2,242,767 2,003,209
Expenses    
Management fee 451,585 484,880
Brokerage commissions 53,961 65,757
Total expenses 505,546 550,637
Net investment income (loss) 1,737,221 1,452,572
Net realized gain (loss) on    
Net realized gain (loss) (12,508,822) 27,614,767
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (34,449,133) 10,956,230
Net realized and unrealized gain (loss) (46,957,955) 38,570,997
Net income (loss) (45,220,734) 40,023,569
ProShares UltraShort Bloomberg Crude Oil [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (12,515,601) 27,614,279
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (34,431,430) 10,971,115
ProShares UltraShort Bloomberg Crude Oil [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 6,779 488
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (17,703) (14,885)
ProShares UltraShort Bloomberg Natural Gas [Member]    
Investment Income    
Interest 1,347,078 1,186,752
Expenses    
Management fee 262,444 296,862
Brokerage commissions 261,254 209,641
Futures accounts fees 16,033 29,609
Total expenses 539,731 536,112
Net investment income (loss) 807,347 650,640
Net realized gain (loss) on    
Net realized gain (loss) 44,652,614 183,405,966
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 23,826,488 (44,959,798)
Net realized and unrealized gain (loss) 68,479,102 138,446,168
Net income (loss) 69,286,449 139,096,808
ProShares UltraShort Bloomberg Natural Gas [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 44,654,357 183,408,644
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 23,830,634 (44,952,803)
ProShares UltraShort Bloomberg Natural Gas [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (1,743) (2,678)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (4,146) (6,995)
ProShares UltraShort Euro [Member]    
Investment Income    
Interest 458,317 647,120
Expenses    
Management fee 95,250 161,568
Total expenses 95,250 161,568
Net investment income (loss) 363,067 485,552
Net realized gain (loss) on    
Net realized gain (loss) (939,220) (1,407,311)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 2,967,733 141,211
Net realized and unrealized gain (loss) 2,028,513 (1,266,100)
Net income (loss) 2,391,580 (780,548)
ProShares UltraShort Euro [Member] | Foreign Currency Forward Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (943,861) (1,407,311)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 2,967,733 146,013
ProShares UltraShort Euro [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 4,641 0
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 0 (4,802)
ProShares UltraShort Gold [Member]    
Investment Income    
Interest 143,203 132,562
Expenses    
Management fee 32,401 36,373
Brokerage commissions 935 1,361
Total expenses 33,336 37,734
Net investment income (loss) 109,867 94,828
Net realized gain (loss) on    
Net realized gain (loss) (1,397,813) (1,030,881)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (344,579) (655,702)
Net realized and unrealized gain (loss) (1,742,392) (1,686,583)
Net income (loss) (1,632,525) (1,591,755)
ProShares UltraShort Gold [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (649,963) (114,050)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (62,819) (63,271)
ProShares UltraShort Gold [Member] | Swap Agreements [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (747,850) (916,831)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (281,760) (592,431)
ProShares UltraShort Silver [Member]    
Investment Income    
Interest 381,433 200,078
Expenses    
Management fee 91,138 60,168
Brokerage commissions 6,024 5,703
Total expenses 97,162 65,871
Net investment income (loss) 284,271 134,207
Net realized gain (loss) on    
Net realized gain (loss) 5,780,020 2,713,623
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (1,418,602) (1,183,236)
Net realized and unrealized gain (loss) 4,361,418 1,530,387
Net income (loss) 4,645,689 1,664,594
ProShares UltraShort Silver [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 4,873,708 1,331,998
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) (1,750,266) 116,463
ProShares UltraShort Silver [Member] | Swap Agreements [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 906,312 1,381,625
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 331,664 (1,299,699)
ProShares UltraShort Yen [Member]    
Investment Income    
Interest 315,417 204,200
Expenses    
Management fee 66,133 50,812
Total expenses 66,133 50,812
Net investment income (loss) 249,284 153,388
Net realized gain (loss) on    
Net realized gain (loss) 1,708,812 (1,027,976)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 2,938,152 1,859,501
Net realized and unrealized gain (loss) 4,646,964 831,525
Net income (loss) 4,896,248 984,913
ProShares UltraShort Yen [Member] | Foreign Currency Forward Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 1,705,271 (1,027,976)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 2,938,152 1,862,262
ProShares UltraShort Yen [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 3,541 0
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 0 (2,761)
ProShares VIX Mid-Term Futures ETF [Member]    
Investment Income    
Interest 515,164 647,920
Expenses    
Management fee 96,887 150,123
Brokerage commissions 20,163 9,169
Futures accounts fees 6,004 11,440
Total expenses 123,054 170,732
Net investment income (loss) 392,110 477,188
Net realized gain (loss) on    
Net realized gain (loss) (6,105,191) (15,820,720)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 2,789,791 4,582,460
Net realized and unrealized gain (loss) (3,315,400) (11,238,260)
Net income (loss) (2,923,290) (10,761,072)
ProShares VIX Mid-Term Futures ETF [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (6,108,469) (15,820,720)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 2,789,791 4,590,535
ProShares VIX Mid-Term Futures ETF [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 3,278 0
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 0 (8,075)
ProShares VIX Short-Term Futures ETF [Member]    
Investment Income    
Interest 1,758,262 2,120,561
Expenses    
Management fee 336,376 517,488
Brokerage commissions 40,259 96,497
Futures accounts fees 33,271 50,659
Total expenses 409,906 664,644
Net investment income (loss) 1,348,356 1,455,917
Net realized gain (loss) on    
Net realized gain (loss) (31,754,134) (46,096,694)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 2,969,180 1,130,026
Net realized and unrealized gain (loss) (28,784,954) (44,966,668)
Net income (loss) (27,436,598) (43,510,751)
ProShares VIX Short-Term Futures ETF [Member] | Futures Contracts [Member]    
Net realized gain (loss) on    
Net realized gain (loss) (31,758,964) (46,096,702)
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) 2,984,519 1,147,992
ProShares VIX Short-Term Futures ETF [Member] | Short-term U.S. Government and Agency Obligations [Member]    
Net realized gain (loss) on    
Net realized gain (loss) 4,830 8
Change in net unrealized appreciation (depreciation) on    
Change in net unrealized appreciation (depreciation) $ (15,339) $ (17,966)