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Net Asset Value and Financial Highlights (Tables)
 9 Months Ended
Mar. 31, 2020
Net Asset Value And Financial Highlights [Abstract]  
Schedule of net asset value and ratios to average net assets
  THREE MONTHS ENDED   THREE MONTHS ENDED 
   MARCH 31, 2020   MARCH 31, 2019 
   SIT RISING   BREAKWAVE DRY BULK
SHIPPING		   SIT RISING   BREAKWAVE DRY BULK
SHIPPING		 
   RATE ETF   ETF   RATE ETF   ETF 
                 
Net Asset Value                
Net asset value per Share, beginning of period  $22.96   $15.37   $24.06   $18.56 
Net investment income (loss)   0.02    (0.11)   0.08    (0.09)
Net realized and unrealized gain (loss)   (2.45)   (8.76)   (0.49)   (8.95)
Net Income (Loss)   (2.43)   (8.87)   (0.41)   (9.04)
Net Asset Value per Share, end of period  $20.53   $6.50   $23.65   $9.52 
Market Value per Share, end of period  $20.53   $6.39   $23.59   $9.36 
Ratios to Average Net Assets*                    
Expense Ratio***   1.08%   7.04%   1.11%   5.13%
Expense Ratio*** before Waiver/Assumption   8.41%   12.37%   1.63%   28.20%
Net Investment Income (Loss)   0.43%   (6.10%)   1.25%   (3.13%)
Total Return, at Net Asset Value**   (10.58%)   (57.71%)   (1.70%)   (48.71%)
Total Return, at Market Value**   (10.62%)   (58.64%)   (2.08%)   (47.77%)

 

*Percentages are annualized

**Percentages are not annualized

***For Sit Rising Rate ETF, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense.

 

   NINE MONTHS ENDED   NINE MONTHS ENDED 
   MARCH 31, 2020   MARCH 31, 2019 
   SIT RISING   BREAKWAVE DRY BULK
SHIPPING		   SIT RISING   BREAKWAVE DRY BULK
SHIPPING		 
   RATE ETF   ETF   RATE ETF   ETF 
                 
Net Asset Value                
Net asset value per Share, beginning of period  $22.70   $13.25   $24.65   $21.98 
Net investment income (loss)   0.14    (0.34)   0.19    (0.39)
Net realized and unrealized gain (loss)   (2.31)   (6.41)   (1.19)   (12.07)
Net Income (Loss)   (2.17)   (6.75)   (1.00)   (12.46)
Net Asset Value per Share, end of period  $20.53   $6.50   $23.65   $9.52 
Market Value per Share, end of period  $20.53   $6.39   $23.59   $9.36 
Ratios to Average Net Assets*                    
Expense Ratio***   1.08%   6.19%   1.11%   4.61%
Expense Ratio*** before Waiver/Assumption   7.09%   17.62%   1.36%   23.42%
Net Investment Income (Loss)   0.86%   (4.96%)   1.03%   (2.88%)
Total Return, at Net Asset Value**   (9.56%)   (50.94%)   (4.06%)   (56.69%)
Total Return, at Market Value**   (9.68%)   (51.41%)   (4.34%)   (57.53%)

 

*Percentages are annualized

**Percentages are not annualized

***For Sit Rising Rate ETF, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense.