v3.24.3
Organization - Schedule of Reclassifications in Financial Statement (Detail) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Aug. 04, 2024
Dec. 31, 2023
Total assets $ 3,308,456,807     $ 3,370,218,607
Liabilities and Equity [Abstract]        
Total liabilities 187,301,467     87,386,481
Total liabilities and shareholders' equity 3,308,456,807     3,370,218,607
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts (12,140,043) $ 4,229,051    
Increase (Decrease) in payable on open futures contracts 9,735,619 13,840,976    
Net cash provided by (used in) operating activities (857,648,011) (1,508,390,579)    
Net increase (decrease) in cash (1,049,022,249) 88,166,766    
Cash, beginning of period 2,597,706,107 2,276,152,772    
Cash, end of period 1,548,683,858 2,364,319,538    
Future [Member]        
Segregated cash balances 632,703,644     1,029,381,720
Receivable on open futures contracts 41,862,726     29,722,683
Liabilities and Equity [Abstract]        
Payable on open futures contracts 47,791,682     38,056,063
Proshares Short Vix Short Term Futures Etf [Member]        
Total assets 301,074,669     283,412,719
Liabilities and Equity [Abstract]        
Total liabilities 2,362,154     16,228,360
Total liabilities and shareholders' equity 301,074,669     283,412,719
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts 7,590,582 32,523,950    
Increase (Decrease) in payable on open futures contracts 1,683,430 0    
Net cash provided by (used in) operating activities 1,006,416 197,751,695    
Net increase (decrease) in cash (34,423,788) 23,903,159    
Cash, beginning of period 162,331,287 160,907,259    
Cash, end of period 127,907,499 184,810,418    
Proshares Short Vix Short Term Futures Etf [Member] | Future [Member]        
Segregated cash balances 94,220,318     107,839,052
Receivable on open futures contracts 3,623,578     11,214,160
Liabilities and Equity [Abstract]        
Payable on open futures contracts 2,131,041     447,611
Proshares Ultra Bloomberg Natural Gas [Member]        
Total assets 585,322,157   $ 585,322,157 771,781,066
Liabilities and Equity [Abstract]        
Total liabilities 44,678,336   44,678,336 41,888,258
Total liabilities and shareholders' equity 585,322,157   585,322,157 771,781,066
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts 0 (51,507,351)    
Increase (Decrease) in payable on open futures contracts 22,386,869 8,464,653    
Net cash provided by (used in) operating activities (130,893,751) (1,188,328,071)    
Net increase (decrease) in cash (195,371,563) 431,253,214    
Cash, beginning of period 701,114,381 327,716,484    
Cash, end of period 505,742,818 758,969,698    
Proshares Ultra Bloomberg Natural Gas [Member] | Future [Member]        
Segregated cash balances 170,641,492   170,641,492 374,861,689
Receivable on open futures contracts 0   0 0
Liabilities and Equity [Abstract]        
Payable on open futures contracts 44,230,752   44,230,752 21,843,883
Proshares Ultra VIX Short Term Futures ETF [Member]        
Total assets 232,336,529     348,895,464
Liabilities and Equity [Abstract]        
Total liabilities 201,331     339,721
Total liabilities and shareholders' equity 232,336,529     348,895,464
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts 963,625 20,607,263    
Increase (Decrease) in payable on open futures contracts 0 2,285,649    
Net cash provided by (used in) operating activities (169,291,566) (589,400,429)    
Net increase (decrease) in cash (165,067,276) (193,858,345)    
Cash, beginning of period 337,411,617 583,213,839    
Cash, end of period 172,344,341 389,355,494    
Proshares Ultra VIX Short Term Futures ETF [Member] | Future [Member]        
Segregated cash balances 137,403,639     250,795,661
Receivable on open futures contracts 9,596,074     10,559,699
Proshares Ultra Short Bloomberg Natural Gas [Member]        
Total assets 152,371,995     150,678,006
Liabilities and Equity [Abstract]        
Total liabilities 5,079,568     9,714,914
Total liabilities and shareholders' equity 152,371,995     150,678,006
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts (3,695,357) (4,797,173)    
Increase (Decrease) in payable on open futures contracts (9,569,329) 6,151,798    
Net cash provided by (used in) operating activities (56,408,348) 155,383,354    
Net increase (decrease) in cash (81,755,778) 41,601,461    
Cash, beginning of period 136,172,565 77,441,180    
Cash, end of period 54,416,787 119,042,641    
Proshares Ultra Short Bloomberg Natural Gas [Member] | Future [Member]        
Segregated cash balances 45,237,761     62,890,001
Receivable on open futures contracts 8,141,559     4,446,202
Liabilities and Equity [Abstract]        
Payable on open futures contracts 26,716     9,596,045
Proshares VIX Short Term Futures ETF [Member]        
Total assets 148,478,546     157,404,856
Liabilities and Equity [Abstract]        
Total liabilities 58,518     83,110
Total liabilities and shareholders' equity 148,478,546     157,404,856
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts (2,310,106) 2,384,188    
Increase (Decrease) in payable on open futures contracts (580) 2,179,767    
Net cash provided by (used in) operating activities (57,112,967) (171,186,658)    
Net increase (decrease) in cash (16,327,131) (17,821,047)    
Cash, beginning of period 95,126,975 175,279,856    
Cash, end of period 78,799,844 157,458,809    
Proshares VIX Short Term Futures ETF [Member] | Future [Member]        
Segregated cash balances 57,448,807     72,849,393
Receivable on open futures contracts 4,672,943     2,362,837
Liabilities and Equity [Abstract]        
Payable on open futures contracts 0     580
Adjustment [Member]        
Total assets 4,651,162     10,775,317
Liabilities and Equity [Abstract]        
Total liabilities 4,651,162     10,775,317
Total liabilities and shareholders' equity 4,651,162     10,775,317
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts (125,447,933) (282,094,293)    
Increase (Decrease) in payable on open futures contracts (6,124,155) 11,150,340    
Net cash provided by (used in) operating activities (131,572,088) (270,943,953)    
Net increase (decrease) in cash (131,572,088) (270,943,953)    
Cash, beginning of period 218,663,282 449,385,156    
Cash, end of period 87,091,194 178,441,203    
Adjustment [Member] | Future [Member]        
Segregated cash balances 87,091,194     218,663,282
Receivable on open futures contracts (82,440,032)     (207,887,965)
Liabilities and Equity [Abstract]        
Payable on open futures contracts 4,651,162     10,775,317
Adjustment [Member] | Proshares Short Vix Short Term Futures Etf [Member]        
Total assets       74,931
Liabilities and Equity [Abstract]        
Total liabilities       74,931
Total liabilities and shareholders' equity       74,931
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts (14,991,505) (15,737,458)    
Increase (Decrease) in payable on open futures contracts (74,931)      
Net cash provided by (used in) operating activities (15,066,436) (15,737,458)    
Net increase (decrease) in cash (15,066,436) (15,737,458)    
Cash, beginning of period 19,191,436 26,960,318    
Cash, end of period 4,125,000 11,222,860    
Adjustment [Member] | Proshares Short Vix Short Term Futures Etf [Member] | Future [Member]        
Segregated cash balances 4,125,000     19,191,436
Receivable on open futures contracts (4,125,000)     (19,116,505)
Liabilities and Equity [Abstract]        
Payable on open futures contracts       74,931
Adjustment [Member] | Proshares Ultra Bloomberg Natural Gas [Member]        
Total assets     4,651,162 1,104,341
Liabilities and Equity [Abstract]        
Total liabilities     4,651,162 1,104,341
Total liabilities and shareholders' equity     4,651,162 1,104,341
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts (82,552,168) (83,600,796)    
Increase (Decrease) in payable on open futures contracts 3,546,821 10,300,096    
Net cash provided by (used in) operating activities (79,005,347) (73,300,700)    
Net increase (decrease) in cash (79,005,347) (73,300,700)    
Cash, beginning of period 118,272,358 150,981,820    
Cash, end of period 39,267,011 77,681,120    
Adjustment [Member] | Proshares Ultra Bloomberg Natural Gas [Member] | Future [Member]        
Segregated cash balances     39,267,011 118,272,358
Receivable on open futures contracts     (34,615,849) (117,168,017)
Liabilities and Equity [Abstract]        
Payable on open futures contracts     4,651,162 1,104,341
Adjustment [Member] | Proshares Ultra VIX Short Term Futures ETF [Member]        
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts (23,370,463) (138,417,492)    
Increase (Decrease) in payable on open futures contracts   578,252    
Net cash provided by (used in) operating activities (23,370,463) (137,839,240)    
Net increase (decrease) in cash (23,370,463) (137,839,240)    
Cash, beginning of period 39,950,507 188,366,332    
Cash, end of period 16,580,044 50,527,092    
Adjustment [Member] | Proshares Ultra VIX Short Term Futures ETF [Member] | Future [Member]        
Segregated cash balances 16,580,044     39,950,507
Receivable on open futures contracts (16,580,044)     (39,950,507)
Adjustment [Member] | Proshares Ultra Short Bloomberg Natural Gas [Member]        
Total assets       9,596,045
Liabilities and Equity [Abstract]        
Total liabilities       9,596,045
Total liabilities and shareholders' equity       9,596,045
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts (320,261) (12,585,320)    
Increase (Decrease) in payable on open futures contracts (9,596,045) 0    
Net cash provided by (used in) operating activities (9,916,306) (12,585,320)    
Net increase (decrease) in cash (9,916,306) (12,585,320)    
Cash, beginning of period 27,563,925 32,958,640    
Cash, end of period 17,647,619 20,373,320    
Adjustment [Member] | Proshares Ultra Short Bloomberg Natural Gas [Member] | Future [Member]        
Segregated cash balances 17,647,619     27,563,925
Receivable on open futures contracts (17,647,619)     (17,967,880)
Liabilities and Equity [Abstract]        
Payable on open futures contracts       9,596,045
Adjustment [Member] | Proshares VIX Short Term Futures ETF [Member]        
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts (4,213,536) (31,753,227)    
Increase (Decrease) in payable on open futures contracts 0 271,992    
Net cash provided by (used in) operating activities (4,213,536) (31,481,235)    
Net increase (decrease) in cash (4,213,536) (31,481,235)    
Cash, beginning of period 13,685,056 50,118,046    
Cash, end of period 9,471,520 18,636,811    
Adjustment [Member] | Proshares VIX Short Term Futures ETF [Member] | Future [Member]        
Segregated cash balances 9,471,520     13,685,056
Receivable on open futures contracts (9,471,520)     (13,685,056)
As Previously Reported [Member]        
Total assets 3,303,805,645     3,359,443,290
Liabilities and Equity [Abstract]        
Total liabilities 182,650,305     76,611,164
Total liabilities and shareholders' equity 3,303,805,645     3,359,443,290
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts 113,307,890 286,323,344    
Increase (Decrease) in payable on open futures contracts 15,859,774 2,690,636    
Net cash provided by (used in) operating activities (726,075,923) (1,237,446,626)    
Net increase (decrease) in cash (917,450,161) 359,110,719    
Cash, beginning of period 2,379,042,825 1,826,767,616    
Cash, end of period 1,461,592,664 2,185,878,335    
As Previously Reported [Member] | Future [Member]        
Segregated cash balances 545,612,450     810,718,438
Receivable on open futures contracts 124,302,758     237,610,648
Liabilities and Equity [Abstract]        
Payable on open futures contracts 43,140,520     27,280,746
As Previously Reported [Member] | Proshares Short Vix Short Term Futures Etf [Member]        
Total assets       283,337,788
Liabilities and Equity [Abstract]        
Total liabilities       16,153,429
Total liabilities and shareholders' equity       283,337,788
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts 22,582,087 48,261,408    
Increase (Decrease) in payable on open futures contracts 1,758,361      
Net cash provided by (used in) operating activities 16,072,852 213,489,153    
Net increase (decrease) in cash (19,357,352) 39,640,617    
Cash, beginning of period 143,139,851 133,946,941    
Cash, end of period 123,782,499 173,587,558    
As Previously Reported [Member] | Proshares Short Vix Short Term Futures Etf [Member] | Future [Member]        
Segregated cash balances 90,095,318     88,647,616
Receivable on open futures contracts 7,748,578     30,330,665
Liabilities and Equity [Abstract]        
Payable on open futures contracts       372,680
As Previously Reported [Member] | Proshares Ultra Bloomberg Natural Gas [Member]        
Total assets     580,670,995 770,676,725
Liabilities and Equity [Abstract]        
Total liabilities     40,027,174 40,783,917
Total liabilities and shareholders' equity     580,670,995 770,676,725
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts 82,552,168 32,093,445    
Increase (Decrease) in payable on open futures contracts 18,840,048 (1,835,443)    
Net cash provided by (used in) operating activities (51,888,404) (1,115,027,371)    
Net increase (decrease) in cash (116,366,216) 504,553,914    
Cash, beginning of period 582,842,023 176,734,664    
Cash, end of period 466,475,807 681,288,578    
As Previously Reported [Member] | Proshares Ultra Bloomberg Natural Gas [Member] | Future [Member]        
Segregated cash balances     131,374,481 256,589,331
Receivable on open futures contracts     34,615,849 117,168,017
Liabilities and Equity [Abstract]        
Payable on open futures contracts     $ 39,579,590 20,739,542
As Previously Reported [Member] | Proshares Ultra VIX Short Term Futures ETF [Member]        
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts 24,334,088 159,024,755    
Increase (Decrease) in payable on open futures contracts   1,707,397    
Net cash provided by (used in) operating activities (145,921,103) (451,561,189)    
Net increase (decrease) in cash (141,696,813) (56,019,105)    
Cash, beginning of period 297,461,110 394,847,507    
Cash, end of period 155,764,297 338,828,402    
As Previously Reported [Member] | Proshares Ultra VIX Short Term Futures ETF [Member] | Future [Member]        
Segregated cash balances 120,823,595     210,845,154
Receivable on open futures contracts 26,176,118     50,510,206
As Previously Reported [Member] | Proshares Ultra Short Bloomberg Natural Gas [Member]        
Total assets       141,081,961
Liabilities and Equity [Abstract]        
Total liabilities       118,869
Total liabilities and shareholders' equity       141,081,961
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts (3,375,096) 7,788,147    
Increase (Decrease) in payable on open futures contracts 26,716 6,151,798    
Net cash provided by (used in) operating activities (46,492,042) 167,968,674    
Net increase (decrease) in cash (71,839,472) 54,186,781    
Cash, beginning of period 108,608,640 44,482,540    
Cash, end of period 36,769,168 98,669,321    
As Previously Reported [Member] | Proshares Ultra Short Bloomberg Natural Gas [Member] | Future [Member]        
Segregated cash balances 27,590,142     35,326,076
Receivable on open futures contracts 25,789,178     22,414,082
Liabilities and Equity [Abstract]        
Payable on open futures contracts       0
As Previously Reported [Member] | Proshares VIX Short Term Futures ETF [Member]        
Statement of Cash Flows [Abstract]        
Decrease (Increase) in receivable on open futures contracts 1,903,430 34,137,415    
Increase (Decrease) in payable on open futures contracts (580) 1,907,775    
Net cash provided by (used in) operating activities (52,899,431) (139,705,423)    
Net increase (decrease) in cash (12,113,595) 13,660,188    
Cash, beginning of period 81,441,919 125,161,810    
Cash, end of period 69,328,324 $ 138,821,998    
As Previously Reported [Member] | Proshares VIX Short Term Futures ETF [Member] | Future [Member]        
Segregated cash balances 47,977,287     59,164,337
Receivable on open futures contracts $ 14,144,463     $ 16,047,893