Document and Entity Information
Document and Entity Information | 3 Months Ended |
Mar. 31, 2018shares | |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2018 |
Document Fiscal Year Focus | 2,018 |
Document Fiscal Period Focus | Q1 |
Entity Registrant Name | ProShares Trust II |
Entity Central Index Key | 1,415,311 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 130,429,797 |
Statements of Financial Conditi
Statements of Financial Condition - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 | |
Assets | |||
Cash | $ 165,990,219 | $ 55,713,112 | |
Segregated cash balances with brokers for futures contracts | 583,390,167 | 420,018,133 | |
Segregated cash balances with brokers for swap agreements | 54,580,900 | ||
Segregated cash balances with brokers for forward agreements | 4,275,500 | 4,081,500 | |
Segregated cash balances with brokers for foreign currency forward contracts | 3,733,000 | 3,960,000 | |
Short-term U.S. government and agency obligations (Note 3) | 1,714,635,757 | 2,445,779,873 | |
Unrealized appreciation on swap agreements | 26,923,049 | 62,238,361 | |
Unrealized appreciation on forward agreements | 1,393,323 | 25,381,689 | |
Unrealized appreciation on foreign currency forward contracts | 5,196,324 | 2,339,908 | |
Receivable from capital shares sold | 843,370 | ||
Receivable on open futures contracts | 103,883,357 | 45,230,982 | |
Offering costs (Note 5) | 105,643 | ||
Limitation by Sponsor | 86,784 | 59,651 | |
Total assets | 2,664,088,380 | 3,065,752,222 | |
Liabilities | |||
Payable for capital shares redeemed | 80,308,291 | 73,270,557 | |
Payable on open futures contracts | 26,935,017 | 1,954,640 | |
Payable to Sponsor | 2,028,631 | 2,509,663 | |
Unrealized depreciation on swap agreements | 17,841,748 | 30,607,142 | |
Unrealized depreciation on forward agreements | 11,477,565 | 3,204,422 | |
Unrealized depreciation on foreign currency forward contracts | 607,490 | 6,927,586 | |
Total liabilities | 139,198,742 | 118,474,010 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 2,524,889,638 | 2,947,278,212 | |
Total liabilities and shareholders' equity | $ 2,664,088,380 | $ 3,065,752,222 | |
Shares outstanding | 130,429,797 | 109,040,175 | |
ProShares Short Euro [Member] | |||
Assets | |||
Cash | $ 1,734,911 | $ 923,063 | |
Segregated cash balances with brokers for futures contracts | 117,810 | 122,430 | |
Short-term U.S. government and agency obligations (Note 3) | 5,989,804 | 6,996,235 | |
Receivable on open futures contracts | 14,343 | ||
Total assets | 7,856,868 | 8,041,728 | |
Liabilities | |||
Payable on open futures contracts | 43,311 | ||
Payable to Sponsor | 6,306 | 6,537 | |
Total liabilities | 6,306 | 49,848 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 7,850,562 | 7,991,880 | |
Total liabilities and shareholders' equity | $ 7,856,868 | $ 8,041,728 | |
Shares outstanding | 200,000 | 200,000 | |
Net asset value per share | $ 39.25 | $ 39.96 | |
Market value per share | [1] | $ 39.04 | $ 39.99 |
ProShares Short VIX Short-Term Futures ETF [Member] | |||
Assets | |||
Cash | $ 31,905,262 | $ 1,468,000 | |
Segregated cash balances with brokers for futures contracts | 342,286,549 | 299,200,276 | |
Short-term U.S. government and agency obligations (Note 3) | 237,745,084 | 494,910,644 | |
Receivable on open futures contracts | 88,502,947 | 20,758,850 | |
Total assets | 700,439,842 | 816,337,770 | |
Liabilities | |||
Payable for capital shares redeemed | 44,817,710 | ||
Payable on open futures contracts | 6,605,050 | 528,750 | |
Payable to Sponsor | 588,103 | 827,439 | |
Total liabilities | 7,193,153 | 46,173,899 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 693,246,689 | 770,163,871 | |
Total liabilities and shareholders' equity | $ 700,439,842 | $ 816,337,770 | |
Shares outstanding | 59,800,000 | 6,050,000 | |
Net asset value per share | $ 11.59 | $ 127.30 | |
Market value per share | [1] | $ 11.74 | $ 128.21 |
ProShares Ultra Bloomberg Crude Oil [Member] | |||
Assets | |||
Cash | $ 1,662,259 | $ 1,532,748 | |
Segregated cash balances with brokers for futures contracts | 5,523,210 | 8,796,755 | |
Segregated cash balances with brokers for swap agreements | 6,123,400 | ||
Short-term U.S. government and agency obligations (Note 3) | 389,408,580 | 459,515,902 | |
Unrealized appreciation on swap agreements | 24,872,652 | 62,238,361 | |
Receivable on open futures contracts | 1,424,986 | 2,242,001 | |
Total assets | 429,015,087 | 534,325,767 | |
Liabilities | |||
Payable for capital shares redeemed | 17,551,180 | 9,464,420 | |
Payable to Sponsor | 334,965 | 415,821 | |
Total liabilities | 17,886,145 | 9,880,241 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 411,128,942 | 524,445,526 | |
Total liabilities and shareholders' equity | $ 429,015,087 | $ 534,325,767 | |
Shares outstanding | 14,961,317 | 22,161,317 | |
Net asset value per share | $ 27.48 | $ 23.66 | |
Market value per share | [1] | $ 27.50 | $ 23.44 |
ProShares Ultra Bloomberg Natural Gas [Member] | |||
Assets | |||
Cash | $ 1,179,566 | $ 4,417,324 | |
Segregated cash balances with brokers for futures contracts | 4,185,939 | 10,299,573 | |
Short-term U.S. government and agency obligations (Note 3) | 32,966,685 | 50,961,356 | |
Receivable from capital shares sold | 326,440 | ||
Receivable on open futures contracts | 940,055 | 1,520,156 | |
Total assets | 39,272,245 | 67,524,849 | |
Liabilities | |||
Payable for capital shares redeemed | 4,211,794 | ||
Payable to Sponsor | 32,700 | 44,105 | |
Total liabilities | 32,700 | 4,255,899 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 39,239,545 | 63,268,950 | |
Total liabilities and shareholders' equity | $ 39,272,245 | $ 67,524,849 | |
Shares outstanding | 1,428,150 | 1,938,434 | |
Net asset value per share | [2] | $ 27.48 | $ 32.64 |
Market value per share | [1],[2] | $ 27.53 | $ 32.50 |
ProShares Ultra Euro [Member] | |||
Assets | |||
Cash | $ 1,741,234 | $ 1,416,427 | |
Segregated cash balances with brokers for foreign currency forward contracts | 444,000 | 922,000 | |
Short-term U.S. government and agency obligations (Note 3) | 7,993,805 | 6,996,235 | |
Unrealized appreciation on swap agreements | 532 | ||
Unrealized appreciation on foreign currency forward contracts | 532 | 321,609 | |
Total assets | 10,179,571 | 9,656,271 | |
Liabilities | |||
Payable to Sponsor | 8,089 | 7,298 | |
Unrealized depreciation on foreign currency forward contracts | 218,599 | 57,457 | |
Total liabilities | 226,688 | 64,755 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 9,952,883 | 9,591,516 | |
Total liabilities and shareholders' equity | $ 10,179,571 | $ 9,656,271 | |
Shares outstanding | 550,000 | 550,000 | |
Net asset value per share | $ 18.10 | $ 17.44 | |
Market value per share | [1] | $ 18.09 | $ 17.46 |
ProShares Ultra Gold [Member] | |||
Assets | |||
Cash | $ 1,930,956 | $ 1,237,103 | |
Segregated cash balances with brokers for futures contracts | 6,820 | 8,800 | |
Short-term U.S. government and agency obligations (Note 3) | 94,809,555 | 88,884,844 | |
Unrealized appreciation on forward agreements | 3,646,355 | ||
Receivable on open futures contracts | 2,420 | ||
Total assets | 96,747,331 | 93,779,522 | |
Liabilities | |||
Payable on open futures contracts | 540 | ||
Payable to Sponsor | 76,331 | 70,774 | |
Unrealized depreciation on forward agreements | 1,368,417 | ||
Total liabilities | 1,445,288 | 70,774 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 95,302,043 | 93,708,748 | |
Total liabilities and shareholders' equity | $ 96,747,331 | $ 93,779,522 | |
Shares outstanding | 2,300,000 | 2,350,000 | |
Net asset value per share | $ 41.44 | $ 39.88 | |
Market value per share | [1] | $ 41.55 | $ 40.67 |
ProShares Ultra Silver [Member] | |||
Assets | |||
Cash | $ 1,181,339 | $ 1,113,594 | |
Segregated cash balances with brokers for futures contracts | 7,920 | 10,340 | |
Segregated cash balances with brokers for forward agreements | 3,343,000 | 3,343,000 | |
Short-term U.S. government and agency obligations (Note 3) | 227,622,182 | 235,581,716 | |
Unrealized appreciation on forward agreements | 21,735,334 | ||
Receivable on open futures contracts | 150 | 2,220 | |
Total assets | 232,154,591 | 261,786,204 | |
Liabilities | |||
Payable for capital shares redeemed | 3,354,851 | ||
Payable to Sponsor | 182,162 | 186,657 | |
Unrealized depreciation on forward agreements | 10,109,148 | ||
Total liabilities | 10,291,310 | 3,541,508 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 221,863,281 | 258,244,696 | |
Total liabilities and shareholders' equity | $ 232,154,591 | $ 261,786,204 | |
Shares outstanding | 7,196,526 | 7,696,526 | |
Net asset value per share | $ 30.83 | $ 33.55 | |
Market value per share | [1] | $ 31.09 | $ 33.85 |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |||
Assets | |||
Cash | $ 44,929,806 | $ 1,539,237 | |
Segregated cash balances with brokers for futures contracts | 162,866,198 | 87,211,683 | |
Segregated cash balances with brokers for swap agreements | 46,761,000 | ||
Short-term U.S. government and agency obligations (Note 3) | 125,853,064 | 287,533,132 | |
Unrealized appreciation on swap agreements | [3] | 2,050,397 | |
Receivable from capital shares sold | 516,930 | ||
Receivable on open futures contracts | 10,449,226 | 17,578,451 | |
Total assets | 392,909,691 | 394,379,433 | |
Liabilities | |||
Payable for capital shares redeemed | 54,537,814 | ||
Payable on open futures contracts | 11,271,050 | ||
Payable to Sponsor | 275,804 | 344,292 | |
Unrealized depreciation on swap agreements | 3,243,723 | ||
Total liabilities | 69,328,391 | 344,292 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 323,581,300 | 394,035,141 | |
Total liabilities and shareholders' equity | $ 392,909,691 | $ 394,379,433 | |
Shares outstanding | 17,027,238 | 38,127,238 | |
Net asset value per share | $ 19 | $ 10.33 | |
Market value per share | [1] | $ 18.53 | $ 10.21 |
ProShares Ultra Yen [Member] | |||
Assets | |||
Cash | $ 1,971,726 | $ 903,472 | |
Segregated cash balances with brokers for foreign currency forward contracts | 251,000 | ||
Short-term U.S. government and agency obligations (Note 3) | 998,614 | 1,997,933 | |
Total assets | 3,221,340 | 2,901,405 | |
Liabilities | |||
Payable to Sponsor | 2,584 | 2,312 | |
Unrealized depreciation on foreign currency forward contracts | 46,625 | 34,824 | |
Total liabilities | 49,209 | 37,136 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 3,172,131 | 2,864,269 | |
Total liabilities and shareholders' equity | $ 3,221,340 | $ 2,901,405 | |
Shares outstanding | 49,970 | 49,970 | |
Net asset value per share | $ 63.48 | $ 57.32 | |
Market value per share | [1] | $ 63.49 | $ 57.45 |
ProShares UltraPro 3x Crude Oil ETF [Member] | |||
Assets | |||
Cash | $ 14,042,402 | $ 9,683,852 | |
Segregated cash balances with brokers for futures contracts | 1,730,190 | 1,285,048 | |
Receivable on open futures contracts | 382,161 | 289,395 | |
Offering costs (Note 5) | 52,846 | ||
Limitation by Sponsor | 51,299 | 24,342 | |
Total assets | 16,206,052 | 11,335,483 | |
Liabilities | |||
Payable to Sponsor | 2,095 | ||
Total liabilities | 2,095 | ||
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 16,203,957 | 11,335,483 | |
Total liabilities and shareholders' equity | $ 16,206,052 | $ 11,335,483 | |
Shares outstanding | 350,008 | 300,008 | |
Net asset value per share | $ 46.30 | $ 37.78 | |
Market value per share | $ 46.33 | $ 37.23 | |
ProShares UltraPro 3X Short Crude Oil ETF [Member] | |||
Assets | |||
Cash | $ 24,660,755 | $ 19,203,543 | |
Segregated cash balances with brokers for futures contracts | 2,875,950 | 2,396,625 | |
Offering costs (Note 5) | 52,797 | ||
Limitation by Sponsor | 35,485 | 35,309 | |
Total assets | 27,572,190 | 21,688,274 | |
Liabilities | |||
Payable on open futures contracts | 618,344 | 527,098 | |
Payable to Sponsor | 3,537 | ||
Total liabilities | 621,881 | 527,098 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 26,950,309 | 21,161,176 | |
Total liabilities and shareholders' equity | $ 27,572,190 | $ 21,688,274 | |
Shares outstanding | 874,908 | 500,002 | |
Net asset value per share | [2] | $ 30.80 | $ 42.32 |
Market value per share | [1],[2] | $ 30.77 | $ 42.88 |
ProShares UltraShort Australian Dollar [Member] | |||
Assets | |||
Cash | $ 1,848,029 | $ 1,297,022 | |
Segregated cash balances with brokers for futures contracts | 253,001 | 485,375 | |
Short-term U.S. government and agency obligations (Note 3) | 4,990,788 | 11,983,904 | |
Total assets | 7,091,818 | 13,766,301 | |
Liabilities | |||
Payable on open futures contracts | 22,737 | 52,950 | |
Payable to Sponsor | 5,585 | 11,249 | |
Total liabilities | 28,322 | 64,199 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 7,063,496 | 13,702,102 | |
Total liabilities and shareholders' equity | $ 7,091,818 | $ 13,766,301 | |
Shares outstanding | 150,000 | 300,000 | |
Net asset value per share | $ 47.09 | $ 45.67 | |
Market value per share | [1] | $ 47.18 | $ 45.72 |
ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Assets | |||
Cash | $ 1,650,457 | $ 1,120,278 | |
Segregated cash balances with brokers for futures contracts | 2,917,530 | 2,567,813 | |
Segregated cash balances with brokers for swap agreements | 1,696,500 | ||
Short-term U.S. government and agency obligations (Note 3) | 214,661,693 | 253,646,823 | |
Total assets | 220,926,180 | 257,334,914 | |
Liabilities | |||
Payable for capital shares redeemed | 5,076,427 | ||
Payable on open futures contracts | 707,280 | 693,787 | |
Payable to Sponsor | 168,799 | 190,701 | |
Unrealized depreciation on swap agreements | 14,598,025 | 30,607,142 | |
Total liabilities | 20,550,531 | 31,491,630 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 200,375,649 | 225,843,284 | |
Total liabilities and shareholders' equity | $ 220,926,180 | $ 257,334,914 | |
Shares outstanding | 10,039,884 | 9,289,884 | |
Net asset value per share | $ 19.96 | $ 24.31 | |
Market value per share | [1] | $ 19.95 | $ 24.56 |
ProShares UltraShort Bloomberg Natural Gas [Member] | |||
Assets | |||
Cash | $ 1,906,074 | $ 1,886,831 | |
Segregated cash balances with brokers for futures contracts | 571,340 | 1,123,375 | |
Short-term U.S. government and agency obligations (Note 3) | 2,999,900 | 3,999,751 | |
Total assets | 5,477,314 | 7,009,957 | |
Liabilities | |||
Payable on open futures contracts | 120,618 | 104,104 | |
Payable to Sponsor | 4,387 | 3,110 | |
Total liabilities | 125,005 | 107,214 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 5,352,309 | 6,902,743 | |
Total liabilities and shareholders' equity | $ 5,477,314 | $ 7,009,957 | |
Shares outstanding | 124,832 | 174,832 | |
Net asset value per share | $ 42.88 | $ 39.48 | |
Market value per share | [1] | $ 42.83 | $ 39.65 |
ProShares UltraShort Euro [Member] | |||
Assets | |||
Cash | $ 1,632,580 | $ 1,255,895 | |
Segregated cash balances with brokers for foreign currency forward contracts | 3,038,000 | 3,038,000 | |
Short-term U.S. government and agency obligations (Note 3) | 179,764,007 | 204,770,166 | |
Unrealized appreciation on foreign currency forward contracts | 3,981,617 | 449,302 | |
Total assets | 188,416,204 | 209,513,363 | |
Liabilities | |||
Payable to Sponsor | 153,571 | 171,595 | |
Unrealized depreciation on foreign currency forward contracts | 239,257 | 6,793,571 | |
Total liabilities | 392,828 | 6,965,166 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 188,023,376 | 202,548,197 | |
Total liabilities and shareholders' equity | $ 188,416,204 | $ 209,513,363 | |
Shares outstanding | 9,250,000 | 9,550,000 | |
Net asset value per share | $ 20.33 | $ 21.21 | |
Market value per share | [1] | $ 20.32 | $ 21.20 |
ProShares UltraShort Gold [Member] | |||
Assets | |||
Cash | $ 1,441,369 | $ 1,026,645 | |
Segregated cash balances with brokers for futures contracts | 6,820 | 8,800 | |
Segregated cash balances with brokers for forward agreements | 194,000 | ||
Short-term U.S. government and agency obligations (Note 3) | 27,977,621 | 31,977,900 | |
Unrealized appreciation on forward agreements | 411,780 | ||
Receivable on open futures contracts | 540 | ||
Total assets | 30,032,130 | 33,013,345 | |
Liabilities | |||
Payable on open futures contracts | 2,420 | ||
Payable to Sponsor | 22,663 | 25,256 | |
Unrealized depreciation on forward agreements | 1,488,259 | ||
Total liabilities | 22,663 | 1,515,935 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 30,009,467 | 31,497,410 | |
Total liabilities and shareholders' equity | $ 30,032,130 | $ 33,013,345 | |
Shares outstanding | 446,978 | 446,978 | |
Net asset value per share | $ 67.14 | $ 70.47 | |
Market value per share | [1] | $ 66.98 | $ 69.11 |
ProShares UltraShort Silver [Member] | |||
Assets | |||
Cash | $ 1,249,922 | $ 614,804 | |
Segregated cash balances with brokers for futures contracts | 7,920 | 10,340 | |
Segregated cash balances with brokers for forward agreements | 738,500 | 738,500 | |
Short-term U.S. government and agency obligations (Note 3) | 17,974,591 | 18,349,861 | |
Unrealized appreciation on forward agreements | 981,543 | ||
Total assets | 20,952,476 | 19,713,505 | |
Liabilities | |||
Payable for capital shares redeemed | 3,171,777 | ||
Payable on open futures contracts | 150 | 2,220 | |
Payable to Sponsor | 18,221 | 17,086 | |
Unrealized depreciation on forward agreements | 1,716,163 | ||
Total liabilities | 18,371 | 4,907,246 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 20,934,105 | 14,806,259 | |
Total liabilities and shareholders' equity | $ 20,952,476 | $ 19,713,505 | |
Shares outstanding | 616,976 | 466,976 | |
Net asset value per share | $ 33.93 | $ 31.71 | |
Market value per share | [1] | $ 33.54 | $ 31.40 |
ProShares UltraShort Yen [Member] | |||
Assets | |||
Cash | $ 1,365,277 | $ 1,582,684 | |
Short-term U.S. government and agency obligations (Note 3) | 84,902,317 | 131,834,352 | |
Unrealized appreciation on foreign currency forward contracts | 1,214,175 | 1,568,997 | |
Total assets | 87,481,769 | 134,986,033 | |
Liabilities | |||
Payable for capital shares redeemed | 3,759,983 | ||
Payable to Sponsor | 69,898 | 106,863 | |
Unrealized depreciation on foreign currency forward contracts | 103,009 | 41,734 | |
Total liabilities | 172,907 | 3,908,580 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 87,308,862 | 131,077,453 | |
Total liabilities and shareholders' equity | $ 87,481,769 | $ 134,986,033 | |
Shares outstanding | 1,299,290 | 1,749,290 | |
Net asset value per share | $ 67.20 | $ 74.93 | |
Market value per share | [1] | $ 67.14 | $ 74.98 |
ProShares VIX Mid-Term Futures ETF [Member] | |||
Assets | |||
Cash | $ 11,004,443 | $ 1,639,958 | |
Segregated cash balances with brokers for futures contracts | 4,630,200 | 4,626,400 | |
Short-term U.S. government and agency obligations (Note 3) | 9,989,367 | 20,993,515 | |
Receivable on open futures contracts | 170,015 | ||
Total assets | 25,624,010 | 27,429,888 | |
Liabilities | |||
Payable for capital shares redeemed | 1,058,309 | ||
Payable on open futures contracts | 657,556 | ||
Payable to Sponsor | 21,046 | 23,631 | |
Total liabilities | 678,602 | 1,081,940 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 24,945,408 | 26,347,948 | |
Total liabilities and shareholders' equity | $ 25,624,010 | $ 27,429,888 | |
Shares outstanding | 937,403 | 1,237,403 | |
Net asset value per share | $ 26.61 | $ 21.29 | |
Market value per share | [1] | $ 26.45 | $ 21.15 |
ProShares VIX Short-Term Futures ETF [Member] | |||
Assets | |||
Cash | $ 16,951,852 | $ 1,850,632 | |
Segregated cash balances with brokers for futures contracts | 55,402,770 | 1,864,500 | |
Short-term U.S. government and agency obligations (Note 3) | 47,988,100 | 134,845,604 | |
Receivable on open futures contracts | 2,168,949 | 2,667,474 | |
Total assets | 122,511,671 | 141,228,210 | |
Liabilities | |||
Payable for capital shares redeemed | 3,142,870 | 3,431,713 | |
Payable on open futures contracts | 6,931,692 | ||
Payable to Sponsor | 51,785 | 54,937 | |
Total liabilities | 10,126,347 | 3,486,650 | |
Commitments and Contingencies (Note 2) | |||
Shareholders' equity | |||
Shareholders' equity | 112,385,324 | 137,741,560 | |
Total liabilities and shareholders' equity | $ 122,511,671 | $ 141,228,210 | |
Shares outstanding | 2,826,317 | 5,901,317 | |
Net asset value per share | $ 39.76 | $ 23.34 | |
Market value per share | [1] | $ 39.15 | $ 23.15 |
[1] | Market values are determined at the close of the New York Stock Exchange, which may be later than when the Funds' net asset value is calculated. | ||
[2] | See Note 1 of these Notes to Financial Statements. | ||
[3] | The positions and counterparties herein are as of March 31, 2018. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at any time. |
Statements of Financial Condit3
Statements of Financial Condition (Parenthetical) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Short-term U.S. government and agency obligations, cost (Note 3) | $ 1,714,584,249 | $ 2,445,970,899 |
ProShares Short Euro [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 5,990,049 | 6,996,595 |
ProShares Short VIX Short-Term Futures ETF [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 237,731,973 | 494,962,509 |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 389,399,948 | 459,543,053 |
ProShares Ultra Bloomberg Natural Gas [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 32,965,473 | 50,963,586 |
ProShares Ultra Euro [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 7,993,930 | 6,996,595 |
ProShares Ultra Gold [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 94,801,873 | 88,890,367 |
ProShares Ultra Silver [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 227,612,933 | 235,605,469 |
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 125,846,434 | 287,546,397 |
ProShares Ultra Yen [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 998,715 | 1,998,216 |
ProShares UltraShort Australian Dollar [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 4,991,033 | 11,984,898 |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 214,658,663 | 253,669,155 |
ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 2,999,900 | 3,999,667 |
ProShares UltraShort Euro [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 179,761,730 | 204,788,208 |
ProShares UltraShort Gold [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 27,977,178 | 31,979,626 |
ProShares UltraShort Silver [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 17,974,764 | 18,352,808 |
ProShares UltraShort Yen [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 84,900,364 | 131,844,652 |
ProShares VIX Mid-Term Futures ETF [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | 9,990,278 | 20,993,328 |
ProShares VIX Short-Term Futures ETF [Member] | ||
Short-term U.S. government and agency obligations, cost (Note 3) | $ 47,989,011 | $ 134,855,770 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | |||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2017 | ||
Investment Income | ||||
Interest | $ 7,323,879 | $ 3,596,560 | ||
Expenses | ||||
Management fee | 6,681,061 | 7,270,884 | ||
Brokerage commissions | 2,396,743 | 1,401,400 | ||
Brokerage fees | 27,057 | |||
Offering costs | 105,643 | 5,692 | [1] | |
Limitation by Sponsor | (27,133) | (3,868) | ||
Total expenses | 9,183,371 | 8,674,108 | ||
Net investment income (loss) | (1,859,492) | (5,077,548) | ||
Net realized gain (loss) on | ||||
Foreign currency forward contracts | (29,052,582) | 14,698,206 | ||
Short-term U.S. government and agency obligations | (274,919) | (37,972) | ||
Net realized gain (loss) | (1,336,906,928) | (307,074,064) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | 30,095,501 | (25,038,772) | ||
Foreign currency forward contracts | 9,176,512 | (49,211,889) | ||
Short-term U.S. government and agency obligations | 242,534 | (52,924) | ||
Change in net unrealized appreciation/depreciation | (15,296,880) | (140,416,972) | ||
Net realized and unrealized gain (loss) | (1,352,203,808) | (447,491,036) | ||
Net income (loss) | (1,354,063,300) | (452,568,584) | [1] | |
Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (1,401,277,515) | (352,254,277) | ||
Swap Agreements [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 77,107,796 | (1,401,149) | ||
Change in net unrealized appreciation/depreciation on | ||||
Unrealized gain (loss) on derivatives | (22,549,918) | (93,701,896) | ||
Forward Agreements [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 16,590,292 | 31,921,128 | ||
Change in net unrealized appreciation/depreciation on | ||||
Unrealized gain (loss) on derivatives | (32,261,509) | 27,588,509 | ||
ProShares Short Euro [Member] | ||||
Investment Income | ||||
Interest | 19,567 | 15,696 | ||
Expenses | ||||
Management fee | 18,350 | 36,567 | ||
Brokerage commissions | 283 | 650 | ||
Total expenses | 18,633 | 37,217 | ||
Net investment income (loss) | 934 | (21,521) | ||
Net realized gain (loss) on | ||||
Net realized gain (loss) | (379,586) | 82,257 | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | 237,219 | (252,663) | ||
Short-term U.S. government and agency obligations | 115 | 309 | ||
Change in net unrealized appreciation/depreciation | 237,334 | (252,354) | ||
Net realized and unrealized gain (loss) | (142,252) | (170,097) | ||
Net income (loss) | (141,318) | (191,618) | ||
ProShares Short Euro [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (379,586) | 82,257 | ||
ProShares Short VIX Short-Term Futures ETF [Member] | ||||
Investment Income | ||||
Interest | 1,769,973 | 352,258 | ||
Expenses | ||||
Management fee | 2,156,096 | 743,985 | ||
Brokerage commissions | 1,337,687 | 514,465 | ||
Brokerage fees | 26,789 | |||
Total expenses | 3,520,572 | 1,258,450 | ||
Net investment income (loss) | (1,750,599) | (906,192) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (260,231) | (4,058) | ||
Net realized gain (loss) | (1,883,785,962) | 99,889,034 | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | (53,802,405) | 29,160,974 | ||
Short-term U.S. government and agency obligations | 64,976 | (23,940) | ||
Change in net unrealized appreciation/depreciation | (53,737,429) | 29,137,034 | ||
Net realized and unrealized gain (loss) | (1,937,523,391) | 129,026,068 | ||
Net income (loss) | (1,939,273,990) | 128,119,876 | ||
ProShares Short VIX Short-Term Futures ETF [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (1,883,525,731) | 99,893,092 | ||
ProShares Ultra Bloomberg Crude Oil [Member] | ||||
Investment Income | ||||
Interest | 1,425,965 | 1,044,411 | ||
Expenses | ||||
Management fee | 1,072,854 | 1,961,599 | ||
Brokerage commissions | 18,117 | 37,317 | ||
Total expenses | 1,090,971 | 1,998,916 | ||
Net investment income (loss) | 334,994 | (954,505) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (6) | (5,011) | ||
Net realized gain (loss) | 112,517,885 | (417,098) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | (1,178,029) | (19,478,648) | ||
Short-term U.S. government and agency obligations | 35,783 | 1,067 | ||
Change in net unrealized appreciation/depreciation | (38,507,955) | (147,864,240) | ||
Net realized and unrealized gain (loss) | 74,009,930 | (148,281,338) | ||
Net income (loss) | 74,344,924 | (149,235,843) | ||
ProShares Ultra Bloomberg Crude Oil [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 16,750,268 | (2,694,318) | ||
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreements [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 95,767,623 | 2,282,231 | ||
Change in net unrealized appreciation/depreciation on | ||||
Unrealized gain (loss) on derivatives | (37,365,709) | (128,386,659) | ||
ProShares Ultra Bloomberg Natural Gas [Member] | ||||
Investment Income | ||||
Interest | 136,075 | 44,039 | ||
Expenses | ||||
Management fee | 104,599 | 108,892 | ||
Brokerage commissions | 24,021 | 21,654 | ||
Total expenses | 128,620 | 130,546 | ||
Net investment income (loss) | 7,455 | (86,507) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (20) | (419) | ||
Net realized gain (loss) | 1,134,792 | (14,378,135) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | (4,974,441) | 900,424 | ||
Short-term U.S. government and agency obligations | 3,442 | 493 | ||
Change in net unrealized appreciation/depreciation | (4,970,999) | 900,917 | ||
Net realized and unrealized gain (loss) | (3,836,207) | (13,477,218) | ||
Net income (loss) | (3,828,752) | (13,563,725) | ||
ProShares Ultra Bloomberg Natural Gas [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 1,134,812 | (14,377,716) | ||
ProShares Ultra Euro [Member] | ||||
Investment Income | ||||
Interest | 25,079 | 14,780 | ||
Expenses | ||||
Management fee | 23,592 | 30,067 | ||
Total expenses | 23,592 | 30,067 | ||
Net investment income (loss) | 1,487 | (15,287) | ||
Net realized gain (loss) on | ||||
Foreign currency forward contracts | 800,513 | (628,668) | ||
Net realized gain (loss) | 800,513 | (628,668) | ||
Change in net unrealized appreciation/depreciation on | ||||
Foreign currency forward contracts | (482,219) | 894,328 | ||
Short-term U.S. government and agency obligations | 235 | 191 | ||
Change in net unrealized appreciation/depreciation | (481,984) | 894,519 | ||
Net realized and unrealized gain (loss) | 318,529 | 265,851 | ||
Net income (loss) | 320,016 | 250,564 | ||
ProShares Ultra Gold [Member] | ||||
Investment Income | ||||
Interest | 312,544 | 121,475 | ||
Expenses | ||||
Management fee | 225,014 | 242,441 | ||
Brokerage commissions | 19 | 19 | ||
Total expenses | 225,033 | 242,460 | ||
Net investment income (loss) | 87,511 | (120,985) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (172) | (105) | ||
Net realized gain (loss) | 8,655,103 | 9,447,385 | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | (5,920) | 27,700 | ||
Short-term U.S. government and agency obligations | 13,205 | 177 | ||
Change in net unrealized appreciation/depreciation | (5,007,487) | 6,400,534 | ||
Net realized and unrealized gain (loss) | 3,647,616 | 15,847,919 | ||
Net income (loss) | 3,735,127 | 15,726,934 | ||
ProShares Ultra Gold [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 7,360 | (9,101) | ||
ProShares Ultra Gold [Member] | Forward Agreements [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 8,647,915 | 9,456,591 | ||
Change in net unrealized appreciation/depreciation on | ||||
Unrealized gain (loss) on derivatives | (5,014,772) | 6,372,657 | ||
ProShares Ultra Silver [Member] | ||||
Investment Income | ||||
Interest | 773,864 | 365,340 | ||
Expenses | ||||
Management fee | 559,446 | 707,554 | ||
Brokerage commissions | 10 | 10 | ||
Total expenses | 559,456 | 707,564 | ||
Net investment income (loss) | 214,408 | (342,224) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (372) | 101 | ||
Net realized gain (loss) | 12,801,371 | 30,201,989 | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | (5,570) | 29,720 | ||
Short-term U.S. government and agency obligations | 33,002 | (5,852) | ||
Change in net unrealized appreciation/depreciation | (31,817,050) | 27,275,751 | ||
Net realized and unrealized gain (loss) | (19,015,679) | 57,477,740 | ||
Net income (loss) | (18,801,271) | 57,135,516 | ||
ProShares Ultra Silver [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (4,050) | (7,800) | ||
ProShares Ultra Silver [Member] | Forward Agreements [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 12,805,793 | 30,209,688 | ||
Change in net unrealized appreciation/depreciation on | ||||
Unrealized gain (loss) on derivatives | (31,844,482) | 27,251,883 | ||
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||||
Investment Income | ||||
Interest | 666,743 | 370,985 | ||
Expenses | ||||
Management fee | 842,811 | 921,662 | ||
Brokerage commissions | 891,428 | 766,833 | ||
Total expenses | 1,734,239 | 1,688,495 | ||
Net investment income (loss) | (1,067,496) | (1,317,510) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (9,609) | (22,315) | ||
Net realized gain (loss) | 416,600,171 | (365,537,503) | ||
Change in net unrealized appreciation/depreciation on | ||||
Short-term U.S. government and agency obligations | 19,895 | 883 | ||
Change in net unrealized appreciation/depreciation | 67,476,383 | (28,592,772) | ||
Net realized and unrealized gain (loss) | 484,076,554 | (394,130,275) | ||
Net income (loss) | 483,009,058 | (395,447,785) | ||
ProShares Ultra VIX Short-Term Futures ETF [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 389,536,146 | (365,515,188) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | 68,649,814 | (28,593,655) | ||
ProShares Ultra VIX Short-Term Futures ETF [Member] | Swap Agreements [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 27,073,634 | |||
Change in net unrealized appreciation/depreciation on | ||||
Unrealized gain (loss) on derivatives | (1,193,326) | |||
ProShares Ultra Yen [Member] | ||||
Investment Income | ||||
Interest | 4,154 | 4,310 | ||
Expenses | ||||
Management fee | 7,223 | 13,643 | ||
Total expenses | 7,223 | 13,643 | ||
Net investment income (loss) | (3,069) | (9,333) | ||
Net realized gain (loss) on | ||||
Foreign currency forward contracts | 322,550 | (81,511) | ||
Short-term U.S. government and agency obligations | (32) | |||
Net realized gain (loss) | 322,550 | (81,543) | ||
Change in net unrealized appreciation/depreciation on | ||||
Foreign currency forward contracts | (11,801) | 589,704 | ||
Short-term U.S. government and agency obligations | 182 | (62) | ||
Change in net unrealized appreciation/depreciation | (11,619) | 589,642 | ||
Net realized and unrealized gain (loss) | 310,931 | 508,099 | ||
Net income (loss) | 307,862 | 498,766 | ||
ProShares UltraPro 3x Crude Oil ETF [Member] | ||||
Investment Income | ||||
Interest | 2,545 | |||
Expenses | ||||
Management fee | 2,095 | |||
Brokerage commissions | 5,676 | $ 873 | ||
Offering costs | 52,846 | 2,846 | ||
Limitation by Sponsor | (26,957) | (1,901) | ||
Total expenses | 33,660 | 1,818 | ||
Net investment income (loss) | (31,115) | (1,818) | ||
Net realized gain (loss) on | ||||
Net realized gain (loss) | 1,620,825 | (959) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | 1,585,957 | 850,582 | ||
Change in net unrealized appreciation/depreciation | 1,585,957 | 850,582 | ||
Net realized and unrealized gain (loss) | 3,206,782 | 849,623 | ||
Net income (loss) | 3,175,667 | 847,805 | ||
ProShares UltraPro 3x Crude Oil ETF [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 1,620,825 | (959) | ||
ProShares UltraPro 3X Short Crude Oil ETF [Member] | ||||
Investment Income | ||||
Interest | 4,204 | |||
Expenses | ||||
Management fee | 3,537 | |||
Brokerage commissions | 15,260 | 952 | ||
Offering costs | 52,797 | 2,846 | ||
Limitation by Sponsor | (176) | (1,967) | ||
Total expenses | 71,418 | 1,831 | ||
Net investment income (loss) | (67,214) | (1,831) | ||
Net realized gain (loss) on | ||||
Net realized gain (loss) | (4,675,967) | (105,766) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | (746,983) | (661,506) | ||
Change in net unrealized appreciation/depreciation | (746,983) | (661,506) | ||
Net realized and unrealized gain (loss) | (5,422,950) | (767,272) | ||
Net income (loss) | (5,490,164) | (769,103) | ||
ProShares UltraPro 3X Short Crude Oil ETF [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (4,675,967) | $ (105,766) | ||
ProShares UltraShort Australian Dollar [Member] | ||||
Investment Income | ||||
Interest | 21,139 | 14,271 | ||
Expenses | ||||
Management fee | 19,484 | 35,132 | ||
Brokerage commissions | 1,520 | 2,468 | ||
Total expenses | 21,004 | 37,600 | ||
Net investment income (loss) | 135 | (23,329) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (247) | |||
Net realized gain (loss) | (1,120,237) | (532,227) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | 1,191,380 | (1,432,614) | ||
Short-term U.S. government and agency obligations | 749 | 287 | ||
Change in net unrealized appreciation/depreciation | 1,192,129 | (1,432,327) | ||
Net realized and unrealized gain (loss) | 71,892 | (1,964,554) | ||
Net income (loss) | 72,027 | (1,987,883) | ||
ProShares UltraShort Australian Dollar [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (1,119,990) | (532,227) | ||
ProShares UltraShort Bloomberg Crude Oil [Member] | ||||
Investment Income | ||||
Interest | 729,417 | 259,046 | ||
Expenses | ||||
Management fee | 527,954 | 536,024 | ||
Brokerage commissions | 11,981 | 13,722 | ||
Total expenses | 539,935 | 549,746 | ||
Net investment income (loss) | 189,482 | (290,700) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (187) | 392 | ||
Net realized gain (loss) | (48,096,337) | (1,149,475) | ||
Change in net unrealized appreciation/depreciation on | ||||
Short-term U.S. government and agency obligations | 25,362 | (10,580) | ||
Change in net unrealized appreciation/depreciation | 15,307,293 | 39,929,254 | ||
Net realized and unrealized gain (loss) | (32,789,044) | 38,779,779 | ||
Net income (loss) | (32,599,562) | 38,489,079 | ||
ProShares UltraShort Bloomberg Crude Oil [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (2,362,689) | 2,533,513 | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | (727,186) | 5,255,071 | ||
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreements [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (45,733,461) | (3,683,380) | ||
Change in net unrealized appreciation/depreciation on | ||||
Unrealized gain (loss) on derivatives | 16,009,117 | 34,684,763 | ||
ProShares UltraShort Bloomberg Natural Gas [Member] | ||||
Investment Income | ||||
Interest | 15,138 | 4,941 | ||
Expenses | ||||
Management fee | 16,545 | 15,245 | ||
Brokerage commissions | 8,180 | 5,512 | ||
Total expenses | 24,725 | 20,757 | ||
Net investment income (loss) | (9,587) | (15,816) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (259) | |||
Net realized gain (loss) | 746,971 | 1,858,122 | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | 932,004 | (665,754) | ||
Short-term U.S. government and agency obligations | (84) | (125) | ||
Change in net unrealized appreciation/depreciation | 931,920 | (665,879) | ||
Net realized and unrealized gain (loss) | 1,678,891 | 1,192,243 | ||
Net income (loss) | 1,669,304 | 1,176,427 | ||
ProShares UltraShort Bloomberg Natural Gas [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 746,971 | 1,858,381 | ||
ProShares UltraShort Euro [Member] | ||||
Investment Income | ||||
Interest | 617,984 | 384,744 | ||
Expenses | ||||
Management fee | 449,855 | 743,765 | ||
Total expenses | 449,855 | 743,765 | ||
Net investment income (loss) | 168,129 | (359,021) | ||
Net realized gain (loss) on | ||||
Foreign currency forward contracts | (18,923,242) | 15,679,619 | ||
Short-term U.S. government and agency obligations | (181) | (1,625) | ||
Net realized gain (loss) | (18,923,423) | 15,677,994 | ||
Change in net unrealized appreciation/depreciation on | ||||
Foreign currency forward contracts | 10,086,629 | (24,060,957) | ||
Short-term U.S. government and agency obligations | 20,319 | (6,557) | ||
Change in net unrealized appreciation/depreciation | 10,106,948 | (24,067,514) | ||
Net realized and unrealized gain (loss) | (8,816,475) | (8,389,520) | ||
Net income (loss) | (8,648,346) | (8,748,541) | ||
ProShares UltraShort Gold [Member] | ||||
Investment Income | ||||
Interest | 90,144 | 51,417 | ||
Expenses | ||||
Management fee | 67,746 | 98,275 | ||
Brokerage commissions | 20 | 19 | ||
Total expenses | 67,766 | 98,294 | ||
Net investment income (loss) | 22,378 | (46,877) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | 128 | (1,001) | ||
Net realized gain (loss) | (3,269,747) | (4,872,161) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | 5,900 | (27,740) | ||
Short-term U.S. government and agency obligations | 2,169 | 203 | ||
Change in net unrealized appreciation/depreciation | 1,908,108 | (4,210,479) | ||
Net realized and unrealized gain (loss) | (1,361,639) | (9,082,640) | ||
Net income (loss) | (1,339,261) | (9,129,517) | ||
ProShares UltraShort Gold [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (7,300) | 9,080 | ||
ProShares UltraShort Gold [Member] | Forward Agreements [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (3,262,575) | (4,880,240) | ||
Change in net unrealized appreciation/depreciation on | ||||
Unrealized gain (loss) on derivatives | 1,900,039 | (4,182,942) | ||
ProShares UltraShort Silver [Member] | ||||
Investment Income | ||||
Interest | 58,592 | 22,503 | ||
Expenses | ||||
Management fee | 45,395 | 46,053 | ||
Brokerage commissions | 10 | 10 | ||
Total expenses | 45,405 | 46,063 | ||
Net investment income (loss) | 13,187 | (23,560) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (2,032) | (124) | ||
Net realized gain (loss) | (1,598,873) | (2,857,385) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | 5,570 | (29,720) | ||
Short-term U.S. government and agency obligations | 2,774 | (438) | ||
Change in net unrealized appreciation/depreciation | 2,706,050 | (1,883,247) | ||
Net realized and unrealized gain (loss) | 1,107,177 | (4,740,632) | ||
Net income (loss) | 1,120,364 | (4,764,192) | ||
ProShares UltraShort Silver [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 4,000 | 7,650 | ||
ProShares UltraShort Silver [Member] | Forward Agreements [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | (1,600,841) | (2,864,911) | ||
Change in net unrealized appreciation/depreciation on | ||||
Unrealized gain (loss) on derivatives | 2,697,706 | (1,853,089) | ||
ProShares UltraShort Yen [Member] | ||||
Investment Income | ||||
Interest | 312,520 | 323,279 | ||
Expenses | ||||
Management fee | 231,119 | 635,023 | ||
Total expenses | 231,119 | 635,023 | ||
Net investment income (loss) | 81,401 | (311,744) | ||
Net realized gain (loss) on | ||||
Foreign currency forward contracts | (11,252,403) | (271,234) | ||
Short-term U.S. government and agency obligations | 3 | (1,420) | ||
Net realized gain (loss) | (11,252,400) | (272,654) | ||
Change in net unrealized appreciation/depreciation on | ||||
Foreign currency forward contracts | (416,097) | (26,634,964) | ||
Short-term U.S. government and agency obligations | 12,253 | (6,885) | ||
Change in net unrealized appreciation/depreciation | (403,844) | (26,641,849) | ||
Net realized and unrealized gain (loss) | (11,656,244) | (26,914,503) | ||
Net income (loss) | (11,574,843) | (27,226,247) | ||
ProShares VIX Mid-Term Futures ETF [Member] | ||||
Investment Income | ||||
Interest | 61,704 | 44,260 | ||
Expenses | ||||
Management fee | 54,959 | 85,185 | ||
Brokerage commissions | 11,232 | 3,642 | ||
Total expenses | 66,191 | 88,827 | ||
Net investment income (loss) | (4,487) | (44,567) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (600) | |||
Net realized gain (loss) | 3,720,436 | (8,167,918) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | 4,917,565 | (3,264,135) | ||
Short-term U.S. government and agency obligations | (1,098) | 193 | ||
Change in net unrealized appreciation/depreciation | 4,916,467 | (3,263,942) | ||
Net realized and unrealized gain (loss) | 8,636,903 | (11,431,860) | ||
Net income (loss) | 8,632,416 | (11,476,427) | ||
ProShares VIX Mid-Term Futures ETF [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | 3,720,436 | (8,167,318) | ||
ProShares VIX Short-Term Futures ETF [Member] | ||||
Investment Income | ||||
Interest | 276,528 | 158,805 | ||
Expenses | ||||
Management fee | 252,387 | 309,772 | ||
Brokerage commissions | 71,299 | 33,254 | ||
Brokerage fees | 268 | |||
Total expenses | 323,954 | 343,026 | ||
Net investment income (loss) | (47,426) | (184,221) | ||
Net realized gain (loss) on | ||||
Short-term U.S. government and agency obligations | (1,993) | (1,496) | ||
Net realized gain (loss) | 77,274,987 | (65,229,353) | ||
Change in net unrealized appreciation/depreciation on | ||||
Futures contracts | 14,010,626 | (6,856,808) | ||
Short-term U.S. government and agency obligations | 9,255 | (2,288) | ||
Change in net unrealized appreciation/depreciation | 14,019,881 | (6,859,096) | ||
Net realized and unrealized gain (loss) | 91,294,868 | (72,088,449) | ||
Net income (loss) | 91,247,442 | (72,272,670) | ||
ProShares VIX Short-Term Futures ETF [Member] | Futures Contracts [Member] | ||||
Net realized gain (loss) on | ||||
Gain (loss) on sale of derivatives | $ 77,276,980 | $ (65,227,857) | ||
[1] | The operations include the activity of ProShares UltraPro 3x Crude Oil ETF and ProShares UltraPro 3x Short Crude Oil ETF since January 13, 2017 (inception date). |
Statements of Changes in Shareh
Statements of Changes in Shareholders' Equity - 3 months ended Mar. 31, 2018 - USD ($) | Total | ProShares Short Euro [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | ProShares Ultra Euro [Member] | ProShares Ultra Gold [Member] | ProShares Ultra Silver [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | ProShares Ultra Yen [Member] | ProShares UltraPro 3x Crude Oil ETF [Member] | ProShares UltraPro 3X Short Crude Oil ETF [Member] | ProShares UltraShort Australian Dollar [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | ProShares UltraShort Euro [Member] | ProShares UltraShort Gold [Member] | ProShares UltraShort Silver [Member] | ProShares UltraShort Yen [Member] | ProShares VIX Mid-Term Futures ETF [Member] | ProShares VIX Short-Term Futures ETF [Member] |
Shareholders' equity, beginning of period at Dec. 31, 2017 | $ 2,947,278,212 | $ 7,991,880 | $ 770,163,871 | $ 524,445,526 | $ 63,268,950 | $ 9,591,516 | $ 93,708,748 | $ 258,244,696 | $ 394,035,141 | $ 2,864,269 | $ 11,335,483 | $ 21,161,176 | $ 13,702,102 | $ 225,843,284 | $ 6,902,743 | $ 202,548,197 | $ 31,497,410 | $ 14,806,259 | $ 131,077,453 | $ 26,347,948 | $ 137,741,560 |
Addition of shares | 3,383,378,775 | 2,358,163,073 | 50,670,933 | 18,760,719 | 1,842,786 | 8,385,392 | 3,076,883 | 695,078,742 | 8,203,903 | 23,827,284 | 90,237,490 | 9,051,492 | 10,357,941 | 13,301,973 | 14,776,297 | 3,516,719 | 11,690,691 | 62,436,457 | |||
Redemption of shares | (2,451,704,049) | (495,806,265) | (238,332,441) | (38,961,372) | (1,801,435) | (10,527,224) | (20,657,027) | (1,248,541,641) | (6,511,096) | (12,547,987) | (6,710,633) | (83,105,563) | (12,271,230) | (16,234,416) | (13,450,655) | (9,768,815) | (35,710,467) | (21,725,647) | (179,040,135) | ||
Net addition (redemption) of shares | 931,674,726 | 1,862,356,808 | (187,661,508) | (20,200,653) | 41,351 | (2,141,832) | (17,580,144) | (553,462,899) | 1,692,807 | 11,279,297 | (6,710,633) | 7,131,927 | (3,219,738) | (5,876,475) | (148,682) | 5,007,482 | (32,193,748) | (10,034,956) | (116,603,678) | ||
Net investment income (loss) | (1,859,492) | 934 | (1,750,599) | 334,994 | 7,455 | 1,487 | 87,511 | 214,408 | (1,067,496) | (3,069) | (31,115) | (67,214) | 135 | 189,482 | (9,587) | 168,129 | 22,378 | 13,187 | 81,401 | (4,487) | (47,426) |
Net realized gain (loss) | (1,336,906,928) | (379,586) | (1,883,785,962) | 112,517,885 | 1,134,792 | 800,513 | 8,655,103 | 12,801,371 | 416,600,171 | 322,550 | 1,620,825 | (4,675,967) | (1,120,237) | (48,096,337) | 746,971 | (18,923,423) | (3,269,747) | (1,598,873) | (11,252,400) | 3,720,436 | 77,274,987 |
Change in net unrealized appreciation/depreciation | (15,296,880) | 237,334 | (53,737,429) | (38,507,955) | (4,970,999) | (481,984) | (5,007,487) | (31,817,050) | 67,476,383 | (11,619) | 1,585,957 | (746,983) | 1,192,129 | 15,307,293 | 931,920 | 10,106,948 | 1,908,108 | 2,706,050 | (403,844) | 4,916,467 | 14,019,881 |
Net income (loss) | (1,354,063,300) | (141,318) | (1,939,273,990) | 74,344,924 | (3,828,752) | 320,016 | 3,735,127 | (18,801,271) | 483,009,058 | 307,862 | 3,175,667 | (5,490,164) | 72,027 | (32,599,562) | 1,669,304 | (8,648,346) | (1,339,261) | 1,120,364 | (11,574,843) | 8,632,416 | 91,247,442 |
Shareholders' equity, end of period at Mar. 31, 2018 | $ 2,524,889,638 | $ 7,850,562 | $ 693,246,689 | $ 411,128,942 | $ 39,239,545 | $ 9,952,883 | $ 95,302,043 | $ 221,863,281 | $ 323,581,300 | $ 3,172,131 | $ 16,203,957 | $ 26,950,309 | $ 7,063,496 | $ 200,375,649 | $ 5,352,309 | $ 188,023,376 | $ 30,009,467 | $ 20,934,105 | $ 87,308,862 | $ 24,945,408 | $ 112,385,324 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 3 Months Ended | |||||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2017 | ||||
Cash flow from operating activities | ||||||
Net income (loss) | $ (1,354,063,300) | $ (452,568,584) | [1] | |||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (20,793,301,928) | (5,453,130,656) | [1] | |||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 21,531,184,156 | 5,610,569,479 | [1] | |||
Net amortization and accretion on short-term U.S government and agency obligations | (6,770,497) | (3,596,532) | [1] | |||
Net realized gain (loss) on investments | 274,919 | 37,972 | [1] | |||
Change in unrealized appreciation/depreciation on investments | 45,392,381 | 115,378,200 | [1] | |||
Decrease (Increase) in receivable on futures contracts | (58,652,375) | 12,665,414 | [1] | |||
Decrease (Increase) in Limitation by Sponsor | (27,133) | (3,868) | [1] | |||
Amortization of offering cost | 105,643 | 5,692 | [1] | |||
Increase (Decrease) in payable to Sponsor | (481,032) | (269,680) | [1] | |||
Increase (Decrease) in brokerage commissions and fees payable | [1] | (2,909) | ||||
Increase (Decrease) in payable on futures contracts | 24,980,377 | 252,554 | [1] | |||
Net cash provided by (used in) operating activities | (611,358,789) | (170,662,918) | [1] | |||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 3,384,222,145 | 2,013,719,529 | [1] | |||
Payment on shares redeemed | (2,444,666,315) | (1,645,330,285) | [1] | |||
Net cash provided by (used in) financing activities | 939,555,830 | 368,389,244 | [1] | |||
Net increase (decrease) in cash | 328,197,041 | 197,726,326 | [1] | |||
Cash, beginning of period | 483,772,745 | 219,695,457 | [1] | |||
Cash, end of period | 811,969,786 | $ 417,421,783 | [1] | 417,421,783 | [1] | |
ProShares Short Euro [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | (141,318) | (191,618) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (179,974,006) | (20,976,677) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 181,000,000 | 23,168,000 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (19,448) | (15,696) | ||||
Change in unrealized appreciation/depreciation on investments | (115) | (309) | ||||
Decrease (Increase) in receivable on futures contracts | (14,343) | (9,425) | ||||
Increase (Decrease) in payable to Sponsor | (231) | (130) | ||||
Increase (Decrease) in payable on futures contracts | (43,311) | (76,666) | ||||
Net cash provided by (used in) operating activities | 807,228 | 1,897,479 | ||||
Cash flow from financing activities | ||||||
Net increase (decrease) in cash | 807,228 | 1,897,479 | ||||
Cash, beginning of period | 1,045,493 | 2,694,612 | ||||
Cash, end of period | 1,852,721 | 4,592,091 | 4,592,091 | |||
ProShares Short VIX Short-Term Futures ETF [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | (1,939,273,990) | 128,119,876 | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (5,883,845,728) | (864,629,486) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 6,142,262,211 | 675,775,355 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (1,446,178) | (352,258) | ||||
Net realized gain (loss) on investments | 260,231 | 4,058 | ||||
Change in unrealized appreciation/depreciation on investments | (64,976) | 23,940 | ||||
Decrease (Increase) in receivable on futures contracts | (67,744,097) | (3,550,622) | ||||
Increase (Decrease) in payable to Sponsor | (239,336) | 66,438 | ||||
Increase (Decrease) in payable on futures contracts | 6,076,300 | 3,349,656 | ||||
Net cash provided by (used in) operating activities | (1,744,015,563) | (61,193,043) | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 2,358,163,073 | 771,316,846 | ||||
Payment on shares redeemed | (540,623,975) | (640,759,258) | ||||
Net cash provided by (used in) financing activities | 1,817,539,098 | 130,557,588 | ||||
Net increase (decrease) in cash | 73,523,535 | 69,364,545 | ||||
Cash, beginning of period | 300,668,276 | 57,174,744 | ||||
Cash, end of period | 374,191,811 | 126,539,289 | 126,539,289 | |||
ProShares Ultra Bloomberg Crude Oil [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 74,344,924 | (149,235,843) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (3,328,447,440) | (1,408,298,554) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 3,399,999,661 | 1,344,338,268 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (1,409,122) | (1,044,411) | ||||
Net realized gain (loss) on investments | 6 | 5,011 | ||||
Change in unrealized appreciation/depreciation on investments | 37,329,926 | 128,385,592 | ||||
Decrease (Increase) in receivable on futures contracts | 817,015 | (1,897,768) | ||||
Increase (Decrease) in payable to Sponsor | (80,856) | (162,971) | ||||
Increase (Decrease) in brokerage commissions and fees payable | (2,332) | |||||
Increase (Decrease) in payable on futures contracts | (1,993,438) | |||||
Net cash provided by (used in) operating activities | 182,554,114 | (89,906,446) | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 50,670,933 | 428,942,155 | ||||
Payment on shares redeemed | (230,245,681) | (335,797,109) | ||||
Net cash provided by (used in) financing activities | (179,574,748) | 93,145,046 | ||||
Net increase (decrease) in cash | 2,979,366 | 3,238,600 | ||||
Cash, beginning of period | 10,329,503 | 22,011,155 | ||||
Cash, end of period | 13,308,869 | 25,249,755 | 25,249,755 | |||
ProShares Ultra Bloomberg Natural Gas [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | (3,828,752) | (13,563,725) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (808,881,732) | (72,915,545) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 826,999,848 | 68,197,564 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (120,023) | (44,039) | ||||
Net realized gain (loss) on investments | 20 | 419 | ||||
Change in unrealized appreciation/depreciation on investments | (3,442) | (493) | ||||
Decrease (Increase) in receivable on futures contracts | 580,101 | |||||
Increase (Decrease) in payable to Sponsor | (11,405) | 4,959 | ||||
Increase (Decrease) in brokerage commissions and fees payable | (433) | |||||
Increase (Decrease) in payable on futures contracts | (1,500,821) | |||||
Net cash provided by (used in) operating activities | 14,734,615 | (19,822,114) | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 19,087,159 | 32,218,707 | ||||
Payment on shares redeemed | (43,173,166) | (12,185,209) | ||||
Net cash provided by (used in) financing activities | (24,086,007) | 20,033,498 | ||||
Net increase (decrease) in cash | (9,351,392) | 211,384 | ||||
Cash, beginning of period | 14,716,897 | 8,584,212 | ||||
Cash, end of period | 5,365,505 | 8,795,596 | 8,795,596 | |||
ProShares Ultra Euro [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 320,016 | 250,564 | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (196,972,256) | (15,867,986) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 196,000,000 | 14,801,000 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (25,079) | (14,780) | ||||
Change in unrealized appreciation/depreciation on investments | 481,984 | (894,519) | ||||
Increase (Decrease) in payable to Sponsor | 791 | 1,737 | ||||
Net cash provided by (used in) operating activities | (194,544) | (1,723,984) | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 1,842,786 | 2,095,967 | ||||
Payment on shares redeemed | (1,801,435) | (728,800) | ||||
Net cash provided by (used in) financing activities | 41,351 | 1,367,167 | ||||
Net increase (decrease) in cash | (153,193) | (356,817) | ||||
Cash, beginning of period | 2,338,427 | 606,393 | ||||
Cash, end of period | 2,185,234 | 249,576 | 249,576 | |||
ProShares Ultra Gold [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 3,735,127 | 15,726,934 | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (693,597,668) | (188,779,641) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 687,998,513 | 189,403,317 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (312,523) | (121,468) | ||||
Net realized gain (loss) on investments | 172 | 105 | ||||
Change in unrealized appreciation/depreciation on investments | 5,001,567 | (6,372,834) | ||||
Decrease (Increase) in receivable on futures contracts | 2,420 | (1,960) | ||||
Increase (Decrease) in payable to Sponsor | 5,557 | 6,971 | ||||
Increase (Decrease) in payable on futures contracts | 540 | (1,280) | ||||
Net cash provided by (used in) operating activities | 2,833,705 | 9,860,144 | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 8,385,392 | 10,610,305 | ||||
Payment on shares redeemed | (10,527,224) | (20,710,797) | ||||
Net cash provided by (used in) financing activities | (2,141,832) | (10,100,492) | ||||
Net increase (decrease) in cash | 691,873 | (240,348) | ||||
Cash, beginning of period | 1,245,903 | 1,275,551 | ||||
Cash, end of period | 1,937,776 | 1,035,203 | 1,035,203 | |||
ProShares Ultra Silver [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | (18,801,271) | 57,135,516 | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (1,051,230,256) | (512,387,609) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 1,059,996,262 | 508,391,289 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (773,842) | (365,331) | ||||
Net realized gain (loss) on investments | 372 | (101) | ||||
Change in unrealized appreciation/depreciation on investments | 31,811,480 | (27,246,031) | ||||
Decrease (Increase) in receivable on futures contracts | 2,070 | (40) | ||||
Increase (Decrease) in payable to Sponsor | (4,495) | 16,851 | ||||
Increase (Decrease) in payable on futures contracts | (2,290) | |||||
Net cash provided by (used in) operating activities | 21,000,320 | 25,542,254 | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 3,076,883 | |||||
Payment on shares redeemed | (24,011,878) | (26,549,101) | ||||
Net cash provided by (used in) financing activities | (20,934,995) | (26,549,101) | ||||
Net increase (decrease) in cash | 65,325 | (1,006,847) | ||||
Cash, beginning of period | 4,466,934 | 1,678,901 | ||||
Cash, end of period | 4,532,259 | 672,054 | 672,054 | |||
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 483,009,058 | (395,447,785) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (2,346,460,032) | (605,949,939) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 2,508,653,639 | 854,156,672 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (503,253) | (370,985) | ||||
Net realized gain (loss) on investments | 9,609 | 22,315 | ||||
Change in unrealized appreciation/depreciation on investments | 1,173,431 | (883) | ||||
Decrease (Increase) in receivable on futures contracts | 7,129,225 | 18,215,754 | ||||
Increase (Decrease) in payable to Sponsor | (68,488) | (109,078) | ||||
Increase (Decrease) in payable on futures contracts | 11,271,050 | |||||
Net cash provided by (used in) operating activities | 664,214,239 | (129,483,929) | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 695,595,672 | 541,551,867 | ||||
Payment on shares redeemed | (1,194,003,827) | (308,047,522) | ||||
Net cash provided by (used in) financing activities | (498,408,155) | 233,504,345 | ||||
Net increase (decrease) in cash | 165,806,084 | 104,020,416 | ||||
Cash, beginning of period | 88,750,920 | 82,333,580 | ||||
Cash, end of period | 254,557,004 | 186,353,996 | 186,353,996 | |||
ProShares Ultra Yen [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 307,862 | 498,766 | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (996,345) | (4,996,716) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 2,000,000 | 8,284,784 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (4,154) | (4,310) | ||||
Net realized gain (loss) on investments | 32 | |||||
Change in unrealized appreciation/depreciation on investments | 11,619 | (589,642) | ||||
Increase (Decrease) in payable to Sponsor | 272 | 212 | ||||
Net cash provided by (used in) operating activities | 1,319,254 | 3,193,126 | ||||
Cash flow from financing activities | ||||||
Net increase (decrease) in cash | 1,319,254 | 3,193,126 | ||||
Cash, beginning of period | 903,472 | 604,691 | ||||
Cash, end of period | 2,222,726 | 3,797,817 | 3,797,817 | |||
ProShares UltraPro 3x Crude Oil ETF [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 3,175,667 | 847,805 | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Decrease (Increase) in receivable on futures contracts | (92,766) | (72,963) | ||||
Decrease (Increase) in Limitation by Sponsor | (26,957) | (1,901) | ||||
Amortization of offering cost | 52,846 | 2,846 | ||||
Increase (Decrease) in payable to Sponsor | 2,095 | |||||
Net cash provided by (used in) operating activities | 3,110,885 | 775,787 | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 8,203,903 | 5,001,196 | ||||
Payment on shares redeemed | (6,511,096) | |||||
Net cash provided by (used in) financing activities | 1,692,807 | 5,001,196 | ||||
Net increase (decrease) in cash | 4,803,692 | 5,776,983 | ||||
Cash, beginning of period | 10,968,900 | |||||
Cash, end of period | 15,772,592 | 5,776,983 | 5,776,983 | |||
ProShares UltraPro 3X Short Crude Oil ETF [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | (5,490,164) | (769,103) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Decrease (Increase) in Limitation by Sponsor | (176) | (1,967) | ||||
Amortization of offering cost | 52,797 | 2,846 | ||||
Increase (Decrease) in payable to Sponsor | 3,537 | |||||
Increase (Decrease) in payable on futures contracts | 91,246 | 48,085 | ||||
Net cash provided by (used in) operating activities | (5,342,760) | (720,139) | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 23,827,284 | 5,000,888 | ||||
Payment on shares redeemed | (12,547,987) | |||||
Net cash provided by (used in) financing activities | 11,279,297 | 5,000,888 | ||||
Net increase (decrease) in cash | 5,936,537 | 4,280,749 | ||||
Cash, beginning of period | 21,600,168 | |||||
Cash, end of period | 27,536,705 | 4,280,749 | 4,280,749 | |||
ProShares UltraShort Australian Dollar [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 72,027 | (1,987,883) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (28,984,280) | (23,978,767) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 35,998,666 | 24,912,000 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (20,768) | (14,271) | ||||
Net realized gain (loss) on investments | 247 | |||||
Change in unrealized appreciation/depreciation on investments | (749) | (287) | ||||
Decrease (Increase) in receivable on futures contracts | (46,195) | |||||
Increase (Decrease) in payable to Sponsor | (5,664) | (1,058) | ||||
Increase (Decrease) in payable on futures contracts | (30,213) | (32,340) | ||||
Net cash provided by (used in) operating activities | 7,029,266 | (1,148,801) | ||||
Cash flow from financing activities | ||||||
Payment on shares redeemed | (6,710,633) | |||||
Net cash provided by (used in) financing activities | (6,710,633) | |||||
Net increase (decrease) in cash | 318,633 | (1,148,801) | ||||
Cash, beginning of period | 1,782,397 | 3,749,149 | ||||
Cash, end of period | 2,101,030 | 2,600,348 | 2,600,348 | |||
ProShares UltraShort Bloomberg Crude Oil [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | (32,599,562) | 38,489,079 | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (2,161,257,588) | (365,653,894) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 2,200,992,331 | 394,763,785 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (724,438) | (259,046) | ||||
Net realized gain (loss) on investments | 187 | (392) | ||||
Change in unrealized appreciation/depreciation on investments | (16,034,479) | (34,674,183) | ||||
Increase (Decrease) in payable to Sponsor | (21,902) | 31,980 | ||||
Increase (Decrease) in payable on futures contracts | 13,493 | 461,148 | ||||
Net cash provided by (used in) operating activities | (9,631,958) | 33,158,477 | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 90,237,490 | 71,710,751 | ||||
Payment on shares redeemed | (78,029,136) | (106,000,611) | ||||
Net cash provided by (used in) financing activities | 12,208,354 | (34,289,860) | ||||
Net increase (decrease) in cash | 2,576,396 | (1,131,383) | ||||
Cash, beginning of period | 3,688,091 | 7,647,292 | ||||
Cash, end of period | 6,264,487 | 6,515,909 | 6,515,909 | |||
ProShares UltraShort Bloomberg Natural Gas [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 1,669,304 | 1,176,427 | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (259,987,139) | (9,990,836) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 261,000,000 | 7,899,138 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (13,094) | (4,941) | ||||
Net realized gain (loss) on investments | 259 | |||||
Change in unrealized appreciation/depreciation on investments | 84 | 125 | ||||
Decrease (Increase) in receivable on futures contracts | 103,295 | |||||
Increase (Decrease) in payable to Sponsor | 1,277 | 2,614 | ||||
Increase (Decrease) in brokerage commissions and fees payable | (144) | |||||
Increase (Decrease) in payable on futures contracts | 16,514 | |||||
Net cash provided by (used in) operating activities | 2,686,946 | (814,063) | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 9,051,492 | 1,395,521 | ||||
Payment on shares redeemed | (12,271,230) | |||||
Net cash provided by (used in) financing activities | (3,219,738) | 1,395,521 | ||||
Net increase (decrease) in cash | (532,792) | 581,458 | ||||
Cash, beginning of period | 3,010,206 | 1,037,286 | ||||
Cash, end of period | 2,477,414 | 1,618,744 | 1,618,744 | |||
ProShares UltraShort Euro [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | (8,648,346) | (8,748,541) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (1,115,354,492) | (502,532,256) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 1,140,998,773 | 535,510,111 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (617,984) | (384,744) | ||||
Net realized gain (loss) on investments | 181 | 1,625 | ||||
Change in unrealized appreciation/depreciation on investments | (10,106,948) | 24,067,514 | ||||
Increase (Decrease) in payable to Sponsor | (18,024) | (42,615) | ||||
Net cash provided by (used in) operating activities | 6,253,160 | 47,871,094 | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 10,357,941 | 8,005,313 | ||||
Payment on shares redeemed | (16,234,416) | (58,239,262) | ||||
Net cash provided by (used in) financing activities | (5,876,475) | (50,233,949) | ||||
Net increase (decrease) in cash | 376,685 | (2,362,855) | ||||
Cash, beginning of period | 4,293,895 | 2,916,502 | ||||
Cash, end of period | 4,670,580 | 553,647 | 553,647 | |||
ProShares UltraShort Gold [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | (1,339,261) | (9,129,517) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (217,905,921) | (60,927,990) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 221,998,623 | 86,565,185 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (90,126) | (51,411) | ||||
Net realized gain (loss) on investments | (128) | 1,001 | ||||
Change in unrealized appreciation/depreciation on investments | (1,902,208) | 4,182,739 | ||||
Decrease (Increase) in receivable on futures contracts | (540) | 600 | ||||
Increase (Decrease) in payable to Sponsor | (2,593) | (25,916) | ||||
Increase (Decrease) in payable on futures contracts | (2,420) | |||||
Net cash provided by (used in) operating activities | 755,426 | 20,614,691 | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 13,301,973 | 4,089,610 | ||||
Payment on shares redeemed | (13,450,655) | (24,462,922) | ||||
Net cash provided by (used in) financing activities | (148,682) | (20,373,312) | ||||
Net increase (decrease) in cash | 606,744 | 241,379 | ||||
Cash, beginning of period | 1,035,445 | 134,040 | ||||
Cash, end of period | 1,642,189 | 375,419 | 375,419 | |||
ProShares UltraShort Silver [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 1,120,364 | (4,764,192) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (103,936,938) | (38,960,618) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 104,371,519 | 46,556,582 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (58,569) | (22,497) | ||||
Net realized gain (loss) on investments | 2,032 | 124 | ||||
Change in unrealized appreciation/depreciation on investments | (2,700,480) | 1,853,527 | ||||
Decrease (Increase) in receivable on futures contracts | 2,290 | |||||
Increase (Decrease) in payable to Sponsor | 1,135 | (4,592) | ||||
Increase (Decrease) in payable on futures contracts | (2,070) | 500 | ||||
Net cash provided by (used in) operating activities | (1,203,007) | 4,661,124 | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 14,776,297 | 3,537,990 | ||||
Payment on shares redeemed | (12,940,592) | (6,591,124) | ||||
Net cash provided by (used in) financing activities | 1,835,705 | (3,053,134) | ||||
Net increase (decrease) in cash | 632,698 | 1,607,990 | ||||
Cash, beginning of period | 1,363,644 | 100,351 | ||||
Cash, end of period | 1,996,342 | 1,708,341 | 1,708,341 | |||
ProShares UltraShort Yen [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | (11,574,843) | (27,226,247) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (810,742,971) | (484,578,984) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 857,999,782 | 508,179,909 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (312,520) | (323,279) | ||||
Net realized gain (loss) on investments | (3) | 1,420 | ||||
Change in unrealized appreciation/depreciation on investments | 403,844 | 26,641,849 | ||||
Increase (Decrease) in payable to Sponsor | (36,965) | (33,713) | ||||
Net cash provided by (used in) operating activities | 35,736,324 | 22,660,955 | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 3,516,719 | 58,094,887 | ||||
Payment on shares redeemed | (39,470,450) | (82,762,349) | ||||
Net cash provided by (used in) financing activities | (35,953,731) | (24,667,462) | ||||
Net increase (decrease) in cash | (217,407) | (2,006,507) | ||||
Cash, beginning of period | 1,582,684 | 3,166,988 | ||||
Cash, end of period | 1,365,277 | 1,160,481 | 1,160,481 | |||
ProShares VIX Mid-Term Futures ETF [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 8,632,416 | (11,476,427) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (509,940,631) | (68,935,466) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 521,000,000 | 89,496,529 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (56,319) | (44,260) | ||||
Net realized gain (loss) on investments | 600 | |||||
Change in unrealized appreciation/depreciation on investments | 1,098 | (193) | ||||
Decrease (Increase) in receivable on futures contracts | 170,015 | 222,740 | ||||
Increase (Decrease) in payable to Sponsor | (2,585) | (6,770) | ||||
Increase (Decrease) in payable on futures contracts | 657,556 | |||||
Net cash provided by (used in) operating activities | 20,461,550 | 9,256,753 | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 11,690,691 | 4,450,525 | ||||
Payment on shares redeemed | (22,783,956) | (3,004,049) | ||||
Net cash provided by (used in) financing activities | (11,093,265) | 1,446,476 | ||||
Net increase (decrease) in cash | 9,368,285 | 10,703,229 | ||||
Cash, beginning of period | 6,266,358 | 2,207,730 | ||||
Cash, end of period | 15,634,643 | 12,910,959 | 12,910,959 | |||
ProShares VIX Short-Term Futures ETF [Member] | ||||||
Cash flow from operating activities | ||||||
Net income (loss) | 91,247,442 | (72,272,670) | ||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Purchases of short-term U.S. government and agency obligations | (1,094,786,505) | (202,769,692) | ||||
Proceeds from sales or maturities of short-term U.S government and agency obligations | 1,181,914,328 | 230,169,991 | ||||
Net amortization and accretion on short-term U.S government and agency obligations | (263,057) | (158,805) | ||||
Net realized gain (loss) on investments | 1,993 | 1,496 | ||||
Change in unrealized appreciation/depreciation on investments | (9,255) | 2,288 | ||||
Decrease (Increase) in receivable on futures contracts | 498,525 | (300,292) | ||||
Increase (Decrease) in payable to Sponsor | (3,152) | (14,599) | ||||
Increase (Decrease) in payable on futures contracts | 6,931,692 | |||||
Net cash provided by (used in) operating activities | 185,532,011 | (45,342,283) | ||||
Cash flow from financing activities | ||||||
Proceeds from addition of shares | 62,436,457 | 65,697,001 | ||||
Payment on shares redeemed | (179,328,978) | (19,492,172) | ||||
Net cash provided by (used in) financing activities | (116,892,521) | 46,204,829 | ||||
Net increase (decrease) in cash | 68,639,490 | 862,546 | ||||
Cash, beginning of period | 3,715,132 | 21,772,280 | ||||
Cash, end of period | $ 72,354,622 | $ 22,634,826 | $ 22,634,826 | |||
[1] | The operations include the activity of ProShares UltraPro 3x Crude Oil ETF and ProShares UltraPro 3x Short Crude Oil ETF since January 13, 2017 (inception date). |
Statements of Changes in Share7
Statements of Changes in Shareholders' Equity (Parenthetical) | 3 Months Ended |
Mar. 31, 2018shares | |
Addition, shares | 129,712,500 |
Redemption, shares | 108,322,878 |
Net addition (redemption), shares | 21,389,622 |
ProShares Short VIX Short-Term Futures ETF [Member] | |
Addition, shares | 69,900,000 |
Redemption, shares | 16,150,000 |
Net addition (redemption), shares | 53,750,000 |
ProShares Ultra Bloomberg Crude Oil [Member] | |
Addition, shares | 1,950,000 |
Redemption, shares | 9,150,000 |
Net addition (redemption), shares | (7,200,000) |
ProShares Ultra Bloomberg Natural Gas [Member] | |
Addition, shares | 650,000 |
Redemption, shares | 1,160,284 |
Net addition (redemption), shares | (510,284) |
ProShares Ultra Euro [Member] | |
Addition, shares | 100,000 |
Redemption, shares | 100,000 |
Net addition (redemption), shares | 0 |
ProShares Ultra Gold [Member] | |
Addition, shares | 200,000 |
Redemption, shares | 250,000 |
Net addition (redemption), shares | (50,000) |
ProShares Ultra Silver [Member] | |
Addition, shares | 100,000 |
Redemption, shares | 600,000 |
Net addition (redemption), shares | (500,000) |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |
Addition, shares | 47,850,000 |
Redemption, shares | 68,950,000 |
Net addition (redemption), shares | (21,100,000) |
ProShares UltraPro 3x Crude Oil ETF [Member] | |
Addition, shares | 200,000 |
Redemption, shares | 150,000 |
Net addition (redemption), shares | 50,000 |
ProShares UltraPro 3X Short Crude Oil ETF [Member] | |
Addition, shares | 687,500 |
Redemption, shares | 312,594 |
Net addition (redemption), shares | 374,906 |
ProShares UltraShort Australian Dollar [Member] | |
Redemption, shares | 150,000 |
Net addition (redemption), shares | (150,000) |
ProShares UltraShort Bloomberg Crude Oil [Member] | |
Addition, shares | 4,200,000 |
Redemption, shares | 3,450,000 |
Net addition (redemption), shares | 750,000 |
ProShares UltraShort Bloomberg Natural Gas [Member] | |
Addition, shares | 250,000 |
Redemption, shares | 300,000 |
Net addition (redemption), shares | (50,000) |
ProShares UltraShort Euro [Member] | |
Addition, shares | 500,000 |
Redemption, shares | 800,000 |
Net addition (redemption), shares | (30,000) |
ProShares UltraShort Gold [Member] | |
Addition, shares | 200,000 |
Redemption, shares | 200,000 |
Net addition (redemption), shares | 0 |
ProShares UltraShort Silver [Member] | |
Addition, shares | 450,000 |
Redemption, shares | 300,000 |
Net addition (redemption), shares | 150,000 |
ProShares UltraShort Yen [Member] | |
Addition, shares | 50,000 |
Redemption, shares | 500,000 |
Net addition (redemption), shares | (450,000) |
ProShares VIX Mid-Term Futures ETF [Member] | |
Addition, shares | 550,000 |
Redemption, shares | 850,000 |
Net addition (redemption), shares | (300,000) |
ProShares VIX Short-Term Futures ETF [Member] | |
Addition, shares | 1,875,000 |
Redemption, shares | 4,950,000 |
Net addition (redemption), shares | (3,075,000) |
Organization
Organization | 3 Months Ended |
Mar. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | NOTE 1 – ORGANIZATION ProShares Trust II (the “Trust”) is a Delaware statutory trust formed on October 9, 2007 and is currently organized into separate series (each, a “Fund” and collectively, the “Funds”). As of March 31, 2018, the following twenty series of the Trust have commenced investment operations: (i) ProShares VIX Short-Term Futures ETF and ProShares VIX Mid-Term Futures ETF (each, a “Matching VIX Fund” and collectively, the “Matching VIX Funds”); (ii) ProShares Short VIX Short-Term Futures ETF and ProShares Ultra VIX Short-Term Futures ETF (each, a “Geared VIX Fund” and collectively, the “Geared VIX Funds”); (iii) ProShares UltraShort Bloomberg Crude Oil, ProShares UltraPro 3x Short Crude Oil ETF, ProShares UltraShort Bloomberg Natural Gas, ProShares UltraShort Gold, ProShares UltraShort Silver, ProShares UltraShort Australian Dollar, ProShares UltraShort Euro, ProShares UltraShort Yen, ProShares Ultra Bloomberg Crude Oil, ProShares UltraPro 3x Crude Oil ETF, ProShares Ultra Bloomberg Natural Gas, ProShares Ultra Gold, ProShares Ultra Silver, ProShares Ultra Euro and ProShares Ultra Yen (each, a “Leveraged Fund” and collectively, the “Leveraged Funds”); and (iv) ProShares Short Euro (the “Short Euro Fund”). Each of the Funds listed above issues common units of beneficial interest (“Shares”), which represent units of fractional undivided beneficial interest in and ownership of only that Fund. The Shares of each Fund are listed on the New York Stock Exchange Archipelago (“NYSE Arca”). The Leveraged Funds, the Short Euro Fund and the Geared VIX Funds, are collectively referred to as the “Geared Funds” in these Notes to Financial Statements. The Geared VIX Funds and the Matching VIX Funds are collectively referred to as the “VIX Funds” in these Notes to Financial Statements. The Trust had no operations prior to November 24, 2008, other than matters relating to its organization, the registration of each series under the Securities Act of 1933, as amended, and the sale and issuance to ProShare Capital Management LLC (the “Sponsor”) of fourteen Shares at an aggregate purchase price of $350 in each of the following Funds: ProShares UltraShort Bloomberg Crude Oil, ProShares UltraShort Gold, ProShares UltraShort Silver, ProShares UltraShort Euro, ProShares UltraShort Yen, ProShares Ultra Bloomberg Crude Oil, ProShares Ultra Gold, ProShares Ultra Silver, ProShares Ultra Euro and ProShares Ultra Yen. Groups of Funds are collectively referred to in several different ways. References to “Short Funds,” “UltraShort Funds,” “UltraPro Short Funds,” “Ultra Funds,” or “UltraPro Funds” refer to the different Funds based upon their investment objectives, but without distinguishing among the Funds’ benchmarks. References to “Commodity Index Funds,” “Commodity Funds” and “Currency Funds” refer to the different Funds according to their general benchmark categories without distinguishing among the Funds’ investment objectives or Fund-specific benchmarks. References to “VIX Funds” refer to the different Funds based upon their investment objective and their general benchmark categories. Effective as of close of business on February 27, 2018, the investment objective of ProShares Ultra VIX Short-Term Futures ETF and ProShares Short VIX Short-Term Futures ETF changed. ProShares Ultra VIX Short-Term Futures ETF changed its investment objective to seek daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the performance of the S&P 500 VIX Short-Term Futures Index for a single day. Prior to the close of business on February 27, 2018, the Fund’s investment objective was to seek results, before fees and expenses, that correspond to two times (2x) the performance of the Index for a single day. ProShares Short VIX Short-Term Futures ETF changed its investment objective to seek daily investment results, before fees and expenses, that correspond to one-half the inverse (-0.5x) of the performance of the S&P 500 VIX Short-Term Futures Index for a single day. Prior to the close of business on February 27, 2018, the Fund’s investment objective was to seek results, before fees and expenses, that correspond to the inverse (-1x) of the Index for a single day. Each “Short” Fund seeks daily investment results, before fees and expenses, that correspond to either one-half inverse (-0.5x) or inverse (-1x) of the daily performance of its corresponding benchmark. Each “UltraShort” Fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of its corresponding benchmark. Each “UltraPro Short” Fund seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of its corresponding benchmark. Each “Ultra” Fund seeks daily investment results, before fees and expenses, that correspond to either one and one-half times (1.5x) or two times (2x) the daily performance of its corresponding benchmark. Each “UltraPro” Fund seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of its corresponding benchmark. Each Matching VIX Fund seeks investment results, before fees and expenses, that match the performance of its corresponding benchmark. Daily performance is measured from the calculation of one NAV to the next. The Geared Funds do not seek to achieve their stated investment objective over a period of time greater than a single day because mathematical compounding prevents the Geared Funds from achieving such results. Accordingly, results over periods of time greater than a single day should not be expected to be a simple multiple (e.g., -0.5x, -1x, -2x, 1.5x, 2x, -3x or 3x) of the period return of the corresponding benchmark and will likely differ significantly. As described in the prospectus for each Fund, each of the Funds intends to invest in financial instruments “Financial Instruments” (Financial Instruments are instruments whose value is derived from the value of an underlying asset, rate or benchmark, including futures contracts, swap agreements, forward contracts and other instruments) as a substitute for investing directly in commodities, currencies, or spot volatility products in order to gain exposure to the VIX Index, natural gas, crude oil, precious metals, or currencies, as applicable. Financial Instruments also are used to produce economically “inverse,” “inverse leveraged” or “leveraged” investment results for the Geared Funds. Share Splits and Reverse Share Splits The table below includes Share splits and reverse Share splits for the Funds during the year ended December 31, 2017 and during three months ended March 31, 2018. The ticker symbols for these Funds did not change, and each Fund continues to trade on the NYSE Arca. Fund Execution Date (Prior to Opening of Trading) Type of Split Date Trading Resumed at Post- Split Price ProShares UltraShort Bloomberg Crude Oil January 11, 2017 2-for-1 Share split January 12, 2017 ProShares Ultra Bloomberg Crude Oil January 11, 2017 1-for-2 reverse Share split January 12, 2017 ProShares Ultra VIX Short-Term Futures ETF January 11, 2017 1-for-5 reverse Share split January 12, 2017 ProShares Short VIX Short-Term Futures ETF July 12, 2017 2-for-1 Share split July 17, 2017 ProShares VIX Short-Term Futures ETF July 14, 2017 1-for-4 reverse Share split July 17, 2017 ProShares Ultra VIX Short-Term Futures ETF July 14, 2017 1-for-4 reverse Share split July 17, 2017 ProShares Ultra Bloomberg Natural Gas March 19, 2018 1-for-5 reverse Share split March 20, 2018 ProShares UltraPro 3x Short Crude Oil ETF March 19, 2018 1-for-4 reverse Share split March 20, 2018 The reverse splits were applied retroactively for all periods presented, reducing the number of Shares outstanding for each of the Funds, and resulted in a proportionate increase in the price per Share and per Share information of each such Fund. Therefore, the reverse splits did not change the aggregate net asset value of a shareholder’s investment at the time of the reverse split. The splits were applied retroactively for all periods presented, increasing the number of Shares outstanding for each of the Funds, and resulted in a proportionate decrease in the price per Share and per Share information of each such Fund. Therefore, the splits did not change the aggregate net asset value of a shareholder’s investment at the time of the split. |
Significant Accounting Policies
Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES Each Fund is an investment company, as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 “Financial Services — Investment Companies.” As such, the Funds follow the investment company accounting and reporting guidance. The following is a summary of significant accounting policies followed by each Fund, as applicable, in preparation of its financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain prior year amounts have been reclassified to conform to the current year presentation. The accompanying unaudited financial statements were prepared in accordance with GAAP for interim financial information and with the instructions for Form 10-Q and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). In the opinion of management, all material adjustments, consisting only of normal recurring adjustments, considered necessary for a fair statement of the interim period financial statements have been made. Interim period results are not necessarily indicative of results for a full-year period. These financial statements and the notes thereto should be read in conjunction with the Trust’s and the Funds’ financial statements included in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2017, as filed with the SEC on March 1, 2018. Use of Estimates & Indemnifications The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In the normal course of business, the Trust enters into contracts that contain a variety of representations which provide general indemnifications. The Trust’s maximum exposure under these arrangements cannot be known; however, the Trust expects any risk of loss to be remote. Basis of Presentation Pursuant to rules and regulations of the SEC, audited financial statements are presented for the Trust as a whole, as the SEC registrant, and for each Fund individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Fund shall be enforceable only against the assets of such Fund and not against the assets of the Trust generally or any other Fund. Accordingly, the assets of one Fund of the Trust include only those funds and other assets that are paid to, held by or distributed to the Trust for the purchase of Shares in that Fund. Statement of Cash Flows The cash amount shown in the Statements of Cash Flows is the amount reported as cash in the Statement of Financial Condition dated March 31, 2018, and represents cash, segregated cash balances with brokers for futures contracts, segregated cash with brokers for swap agreements, segregated cash with brokers for forward agreements, and segregated cash with brokers for foreign currency forward agreements but does not include short-term investments. Final Net Asset Value for Fiscal Period The cut-off times and the times of the calculation of the Funds’ final net asset value for creation and redemption of fund Shares for the three months ended March 31, 2018 were as follows. All times are Eastern Standard Time: Create/Redeem Cut-off* NAV Calculation Time NAV Calculation Date UltraShort Silver, Ultra Silver 6:30 a.m. 7:00 a.m. March 29, 2018 UltraShort Gold, Ultra Gold 9:30 a.m. 10:00 a.m. March 29, 2018 UltraShort Bloomberg Crude Oil, Ultra Bloomberg Crude Oil, UltraPro 3x Short Crude Oil ETF, UltraPro 3x Crude Oil ETF 2:00 p.m. 2:30 p.m. March 29, 2018 UltraShort Bloomberg Natural Gas, Ultra Bloomberg Natural Gas 2:00 p.m. 2:30 p.m. March 29, 2018 UltraShort Australian Dollar 3:00 p.m. 4:00 p.m. March 29, 2018 Short Euro UltraShort Euro, Ultra Euro 3:00 p.m. 4:00 p.m. March 29, 2018 UltraShort Yen, Ultra Yen 3:00 p.m. 4:00 p.m. March 29, 2018 VIX Short-Term Futures ETF, Ultra VIX Short-Term Futures ETF, Short VIX Short-Term Futures ETF 2:00 p.m. 4:15 p.m. March 29, 2018 VIX Mid-Term Futures ETF 2:00 p.m. 4:15 p.m. March 29, 2018 * Although the Funds’ shares may continue to trade on secondary markets subsequent to the calculation of the final NAV, these times represent the final opportunity to transact in creation or redemption units for the three months ended March 31, 2018. Market value per Share is determined at the close of the NYSE Arca and may be later than when the Funds’ NAV per Share is calculated. For financial reporting purposes, the Funds value transactions based upon the final closing price in their primary markets. Accordingly, the investment valuations in these financial statements may differ from those used in the calculation of certain of the Funds’ final creation/redemption NAV for the three months ended March 31, 2018. Investment Valuation Short-term investments are valued at amortized cost which approximates fair value for daily NAV purposes. For financial reporting purposes, short-term investments are valued at their market price using information provided by a third-party pricing service or market quotations. In each of these situations, valuations are typically categorized as Level I in the fair value hierarchy. Derivatives ( e.g. Fair value pricing may require subjective determinations about the value of an investment. While the Funds’ policies are intended to result in a calculation of its respective Fund’s NAV that fairly reflects investment values as of the time of pricing, such Fund cannot ensure that fair values determined by the Sponsor or persons acting at their direction would accurately reflect the price that a Fund could obtain for an investment if it were to dispose of that investment as of the time of pricing (for instance, in a forced or distressed sale). The prices used by such Fund may differ from the value that would be realized if the investments were sold and the differences could be material to the financial statements. Fair Value of Financial Instruments The Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The disclosure requirements establish a fair value hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Funds (observable inputs); and (2) the Funds’ own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the disclosure requirements hierarchy are as follows: Level I – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level II – Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level II assets include the following: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). Level III – Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest input level that is significant to the fair value measurement in its entirety. Fair value measurements also require additional disclosure when the volume and level of activity for the asset or liability have significantly decreased, as well as when circumstances indicate that a transaction is not orderly. The following table summarizes the valuation of investments at March 31, 2018 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Short Euro $ 5,989,804 $ 70,931 $ — $ — $ — $ 6,060,735 Short VIX Short-Term Futures ETF 237,745,084 (36,760,956 ) — — — 200,984,128 Ultra Bloomberg Crude Oil 389,408,580 10,767,950 — — 24,872,652 425,049,182 Ultra Bloomberg Natural Gas 32,966,685 2,251,369 — — — 35,218,054 Ultra Euro 7,993,805 — — (218,067 ) — 7,775,738 Ultra Gold 94,809,555 (440 ) (1,368,417 ) — — 93,440,698 Ultra Silver 227,622,182 (3,970 ) (10,109,148 ) — — 217,509,064 Ultra VIX Short-Term Futures ETF 125,853,064 34,183,694 — — (1,193,326 ) 158,843,432 Ultra Yen 998,614 — — (46,625 ) — 951,989 UltraPro 3x Crude Oil ETF — 3,003,955 — — — 3,003,955 UltraPro 3x Short Crude Oil ETF — (3,735,138 ) — — — (3,735,138 ) UltraShort Australian Dollar 4,990,788 298,160 — — — 5,288,948 UltraShort Bloomberg Crude Oil 214,661,693 (4,689,834 ) — — (14,598,025 ) 195,373,834 UltraShort Bloomberg Natural Gas 2,999,900 (165,045 ) — — — 2,834,855 UltraShort Euro 179,764,007 — — 3,742,360 — 183,506,367 UltraShort Gold 27,977,621 440 411,780 — — 28,389,841 UltraShort Silver 17,974,591 3,920 981,543 — — 18,960,054 UltraShort Yen 84,902,317 — — 1,111,166 — 86,013,483 VIX Mid-Term Futures ETF 9,989,367 2,702,285 — — — 12,691,652 VIX Short-Term Futures ETF 47,988,100 9,248,749 — — — 57,236,849 Total Trust $ 1,714,635,757 $ 17,176,070 $ (10,084,242 ) $ 4,588,834 $ 9,081,301 $ 1,735,397,720 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures. At March 31, 2018, there were no Level III portfolio investments for which significant unobservable inputs were used to determine fair value. The Funds’ policy is to recognize transfers between valuation levels at the end of the reporting period. At March 31, 2018, there were no significant transfers in or out of Level I and Level II fair value measurements. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. The following table summarizes the valuation of investments at December 31, 2017 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Short Euro $ 6,996,235 $ (166,288 ) $ — $ — $ — $ 6,829,947 Short VIX Short-Term Futures ETF 494,910,644 17,041,449 — — — 511,952,093 Ultra Bloomberg Crude Oil 459,515,902 11,945,979 — — 62,238,361 533,700,242 Ultra Bloomberg Natural Gas 50,961,356 7,225,810 — — — 58,187,166 Ultra Euro 6,996,235 — — 264,152 — 7,260,387 Ultra Gold 88,884,844 5,480 3,646,355 — — 92,536,679 Ultra Silver 235,581,716 1,600 21,735,334 — — 257,318,650 Ultra VIX Short-Term Futures ETF 287,533,132 (34,466,120 ) — — — 253,067,012 Ultra Yen 1,997,933 — — (34,824 ) — 1,963,109 UltraPro 3x Crude Oil ETF — 1,417,998 — — — 1,417,998 UltraPro 3x Short Crude Oil ETF — (2,988,155 ) — — — (2,988,155 ) UltraShort Australian Dollar 11,983,904 (893,220 ) — — — 11,090,684 UltraShort Bloomberg Crude Oil 253,646,823 (3,962,648 ) — — (30,607,142 ) 219,077,033 UltraShort Bloomberg Natural Gas 3,999,751 (1,097,049 ) — — — 2,902,702 UltraShort Euro 204,770,166 — — (6,344,269 ) — 198,425,897 UltraShort Gold 31,977,900 (5,460 ) (1,488,259 ) — — 30,484,181 UltraShort Silver 18,349,861 (1,650 ) (1,716,163 ) — — 16,632,048 UltraShort Yen 131,834,352 — — 1,527,263 — 133,361,615 VIX Mid-Term Futures ETF 20,993,515 (2,215,280 ) — — — 18,778,235 VIX Short-Term Futures ETF 134,845,604 (4,761,877 ) — — — 130,083,727 Total Trust $ 2,445,779,873 $ (12,919,431 ) $ 22,177,267 $ (4,587,678 ) $ 31,631,219 $ 2,482,081,250 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures. At December 31, 2017, there were no Level III portfolio investments for which significant unobservable inputs were used to determine fair value. The Funds’ policy is to recognize transfers between valuation levels at the end of the reporting period. At December 31, 2017, there were no significant transfers in or out of Level I and Level II fair value measurements. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. Investment Transactions and Related Income Investment transactions are recorded on the trade date. All such transactions are recorded on the identified cost basis and marked to market daily. Unrealized appreciation/depreciation on open contracts are reflected in the Statements of Financial Condition and changes in the unrealized appreciation/depreciation between periods are reflected in the Statements of Operations. Discounts on short-term securities purchased are amortized and reflected as Interest Income in the Statements of Operations. Brokerage Commissions and Fees Each Fund pays its respective brokerage commissions, including applicable exchange fees, National Futures Association (“NFA”) fees, give-up fees, pit brokerage fees and other transaction related fees and expenses charged in connection with trading activities for each Fund’s investment in U.S. Commodity Futures Trading Commission (“CFTC”) regulated investments. The effects of trading spreads, financing costs/fees associated with Financial Instruments, and costs relating to the purchase of U.S. Treasury securities or similar high credit quality short-term fixed-income would also be borne by the Funds. Brokerage commissions on futures contracts are recognized on a half-turn basis (e.g., the first half is recognized when the contract is purchased (opened) and the second half is recognized when the transaction is closed). The Sponsor is currently paying brokerage commissions on VIX futures contracts for the Matching VIX Funds that exceed variable create/redeem fees collected by more than 0.02% of the Matching VIX Fund’s average net assets annually. Federal Income Tax Each Fund is registered as a series of a Delaware statutory trust and is treated as a partnership for U.S. federal income tax purposes. Accordingly, no Fund expects to incur U.S. federal income tax liability; rather, each beneficial owner of a Fund’s Shares is required to take into account its allocable share of its Fund’s income, gain, loss, deductions and other items for its Fund’s taxable year ending with or within the beneficial owner’s taxable year. Management of the Funds has reviewed all open tax years and major jurisdictions ( i.e. New Accounting Pronouncements In November 2016, the FASB issued Accounting Standards Update No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”), which amends ASC 230 to provide guidance on the classification and presentation of changes in restricted cash and restricted cash equivalents on the statement of cash flows. The ASU has been adopted for the current reporting period under the retrospective transition method. The adoption had no significant impact to the Statement of Cash Flows. |
Investments
Investments | 3 Months Ended |
Mar. 31, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments | NOTE 3 – INVESTMENTS Short-Term Investments The Funds may purchase U.S. Treasury Bills, agency securities, and other high-credit quality short-term fixed income or similar securities with original maturities of one year or less. A portion of these investments may be posted as collateral in connection with swap agreements, futures, and/or forward contracts. Accounting for Derivative Instruments In seeking to achieve each Fund’s investment objective, the Sponsor uses a mathematical approach to investing. Using this approach, the Sponsor determines the type, quantity and mix of investment positions, including derivative positions, which the Sponsor believes in combination, should produce returns consistent with a Fund’s objective. All open derivative positions at period end are reflected on each respective Fund’s Schedule of Investments. Certain Funds utilized a varying level of derivative instruments in conjunction with investment securities in seeking to meet their investment objective during the period. While the volume of open positions may vary on a daily basis as each Fund transacts derivatives contracts in order to achieve the appropriate exposure to meet its investment objective, the volume of these open positions relative to the net assets of each respective Fund at the date of this report is generally representative of open positions throughout the reporting period. As discussed in Note 1, the Short VIX Short-Term Futures ETF and the Ultra VIX Short-Term Futures ETF changed their investment objectives and target exposures as of the close of business on February 27, 2018. From this time through the effective end of the reporting period, the volume of the derivative exposure relative to the net assets was generally representative to their current investment objectives. From the beginning of the reporting period until the close of business on February 27, 2018, the volume of the derivative exposure relative to the net assets was generally representative to their previous investment objectives. Following is a description of the derivative instruments used by the Funds during the reporting period, including the primary underlying risk exposures related to each instrument type. Futures Contracts The Funds may enter into futures contracts to gain exposure to changes in the value of, or as a substitute for investing directly in (or shorting), an underlying index, currency or commodity. A futures contract obligates the seller to deliver (and the purchaser to accept) the future delivery of a specified quantity and type of asset at a specified time and place. The contractual obligations of a buyer or seller may generally be satisfied by taking or making physical delivery of the underlying commodity, if applicable, or by making an offsetting sale or purchase of an identical futures contract on the same or linked exchange before the designated date of delivery, or by cash settlement at expiration of contract. Upon entering into a futures contract, each Fund is required to deposit and maintain as collateral at least such initial margin as required by the exchange on which the transaction is affected. The initial margin is segregated as cash and/or securities balances with brokers for futures contracts, as disclosed in the Statements of Financial Condition, and is restricted as to its use. The Funds that enter into futures contracts maintain collateral at the broker in the form of cash and/or securities. Pursuant to the futures contract, each Fund generally agrees to receive from or pay to the broker(s) an amount of cash equal to the daily fluctuation in value of the futures contract. Such receipts or payments are known as variation margin and are recorded by each Fund as unrealized gains or losses. Each Fund will realize a gain or loss upon closing of a futures transaction. Futures contracts involve, to varying degrees, elements of market risk (specifically commodity price risk or equity market volatility risk) and exposure to loss in excess of the amount of variation margin. The face or contract amounts reflect the extent of the total exposure each Fund has in the particular classes of instruments. Additional risks associated with the use of futures contracts are imperfect correlation between movements in the price of the futures contracts and the market value of the underlying index or commodity and the possibility of an illiquid market for a futures contract. With futures contracts, there is minimal but some counterparty risk to the Funds since futures contracts are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures contracts, guarantees the futures contracts against default. Many futures exchanges and boards of trade limit the amount of fluctuation permitted in futures contract prices during a single trading day. Once the daily limit has been reached in a particular contract, no trades may be made that day at a price beyond that limit or trading may be suspended for specified times during the trading day. Futures contracts prices could move to the limit for several consecutive trading days with little or no trading, thereby preventing prompt liquidation of futures positions and potentially subjecting a Fund to substantial losses. If trading is not possible, or if a Fund determines not to close a futures position in anticipation of adverse price movements, the Fund will be required to make daily cash payments of variation margin. The risk the Fund will be unable to close out a futures position will be minimized by entering into such transactions on a national exchange with an active and liquid secondary market. Swap Agreements Certain of the Funds enter into swap agreements for purposes of pursuing their investment objectives or as a substitute for investing directly in (or shorting) an underlying index, currency or commodity, or to create an economic hedge against a position. Swap agreements are two-party contracts that have traditionally been entered into primarily with institutional investors in over-the-counter (“OTC”) markets for a specified period, ranging from a day to more than one year. However, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) provides for significant reforms of the OTC derivative markets, including a requirement to execute certain swap transactions on a CFTC-regulated market and/or to clear such transactions through a CFTC-regulated central clearing organization. In a standard swap transaction, two parties agree to exchange the returns earned or realized on a particular predetermined investment, instrument or index in exchange for a fixed or floating rate of return in respect of a predetermined notional amount. Transaction or commission costs are reflected in the benchmark level at which the transaction is entered into. The gross returns to be exchanged are calculated with respect to a notional amount and the benchmark returns to which the swap is linked. Swap agreements do not involve the delivery of underlying instruments. Generally, swap agreements entered into by the Funds calculate and settle the obligations of the parties to the agreement on a “net basis” with a single payment. Consequently, each Fund’s current obligations (or rights) under a swap agreement will generally be equal only to the net amount to be paid or received under the agreement based on the relative values of such obligations (or rights) (the “net amount”). In a typical swap agreement entered into by a Matching VIX Fund, an Ultra Fund, or an UltraPro Fund, the Matching VIX Fund, Ultra Fund, or UltraPro Fund would be entitled to settlement payments in the event the level of the benchmark increases and would be required to make payments to the swap counterparties in the event the level of the benchmark decreases, adjusted for any transaction costs or trading spreads on the notional amount the Funds may pay. In a typical swap agreement entered into by a Short Fund, an UltraShort Fund, or an UltraPro Short Fund would be required to make payments to the swap counterparties in the event the level of the benchmark increases and would be entitled to settlement payments in the event the level of the benchmark decreases, adjusted for any transaction costs or trading spreads on the notional amount the Funds may pay. The net amount of the excess, if any, of each Fund’s obligations over its entitlements with respect to each uncleared swap agreement is accrued on a daily basis and an amount of cash and/or securities having an aggregate value at least equal to such accrued excess is maintained for the benefit of the counterparty in a segregated account by the Funds’ Custodian. The net amount of the excess, if any, of each Fund’s entitlements over its obligations with respect to each uncleared swap agreement is accrued on a daily basis and an amount of cash and/or securities having an aggregate value at least equal to such accrued excess is maintained for the benefit of the Fund in a segregated account by the Fund’s Custodian. Until a swap agreement is settled in cash, the gain or loss on the notional amount less any transaction costs or trading spreads payable by each Fund on the notional amount are recorded as “unrealized appreciation or depreciation on swap agreements” and, when cash is exchanged, the gain or loss realized is recorded as “realized gains or losses on swap agreements.” Swap agreements are generally valued at the last settled price of the benchmark referenced asset. Swap agreements contain various conditions, events of default, termination events, covenants and representations. The triggering of certain events or the default on certain terms of the agreement could allow a party to terminate a transaction under the agreement and request immediate payment in an amount equal to the net positions owed the party under the agreement. This could cause a Fund to have to enter into a new transaction with the same counterparty, enter into a transaction with a different counterparty or seek to achieve its investment objective through any number of different investments or investment techniques. Swap agreements involve, to varying degrees, elements of market risk and exposure to loss in excess of the unrealized gain/loss reflected. The notional amounts reflect the extent of the total investment exposure each Fund has under the swap agreement, which may exceed the NAV of each Fund. Additional risks associated with the use of swap agreements are imperfect correlations between movements in the notional amount and the price of the underlying reference index and the inability of counterparties to perform. Each Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty. A Fund will typically enter into swap agreements only with major global financial institutions. The creditworthiness of each of the firms that is a party to a swap agreement is monitored by the Sponsor. The Sponsor may use various techniques to minimize credit risk including early termination and payment, using different counterparties, limiting the net amount due from any individual counterparty and generally requiring collateral to be posted by the counterparty in an amount approximately equal to that owed to the Funds. All of the outstanding swap agreements at March 31, 2018 contractually terminate within one month but may be terminated without penalty by either party daily. Upon termination, the Fund is entitled to pay or receive the “unrealized appreciation or depreciation” amount. The Funds, as applicable, collateralize swap agreements by segregating or designating cash and/or certain securities as indicated on the Statements of Financial Condition or Schedules of Investments. As noted above, collateral posted in connection with uncleared derivative transactions is held for the benefit of the counterparty in a segregated tri-party account at the Custodian to protect the counterparty against non-payment by the Funds. The collateral held in this account is restricted as to its use. In the event of a default by the counterparty, the Funds will seek withdrawal of this collateral from the segregated account and may incur certain costs in exercising its right with respect to the collateral. If a counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, the Funds may experience significant delays in obtaining any recovery in a bankruptcy or other reorganizational proceeding. The Funds may obtain only limited recovery or may obtain no recovery in such circumstances. The Funds remain subject to credit risk with respect to the amount they expect to receive from counterparties. However, the Funds have sought to mitigate these risks in connection with uncleared swaps by generally requiring that the counterparties for each Fund agree to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to what the counterparty owes the Fund, subject to certain minimum thresholds. In the event of the bankruptcy of a counterparty, the Fund will have direct access to the collateral received from the counterparty, generally as of the day prior to the bankruptcy, because there is a one day time lag between the Fund’s request for collateral and the delivery of such collateral. To the extent any such collateral is insufficient, the Funds will be exposed to counterparty risk as described above, including the possible delays in recovering amounts as a result of bankruptcy proceedings. As of March 31, 2018, the collateral posted by counterparties consisted of cash and/or U.S. Treasury securities. The counterparty/credit risk for cleared derivative transactions is generally lower than for uncleared OTC derivatives since generally a clearing organization becomes substituted for each counterparty to a cleared derivative contract and, in effect, guarantees the parties’ performance under the contract as each party to a trade looks only to the clearing organization for performance of financial obligations. In addition, cleared derivative transactions benefit from daily marking-to-market and settlement, and segregation and minimum capital requirements applicable to intermediaries. Forward Contracts Certain of the Funds enter into forward contracts for purposes of pursuing their investment objectives and as a substitute for investing directly in (or shorting) commodities and/or currencies. A forward contract is an agreement between two parties to purchase or sell a specified quantity of an asset at or before a specified date in the future at a specified price. Forward contracts are typically traded in OTC markets and all details of the contract are negotiated between the counterparties to the agreement. Accordingly, the forward contracts are valued by reference to the contracts traded in the OTC markets. The contractual obligations of a buyer or seller may generally be satisfied by taking or making physical delivery of the underlying commodity or currency, establishing an opposite position in the contract and recognizing the profit or loss on both positions simultaneously on the delivery date or, in some instances, paying a cash settlement before the designated date of delivery. The forward contracts are adjusted by the daily fluctuation of the underlying commodity or currency and any gains or losses are recorded for financial statement purposes as unrealized gains or losses until the contract settlement date. Forward contracts have traditionally not been cleared or guaranteed by a third party. As a result of the Dodd-Frank Act, the CFTC now regulates non-deliverable forwards. Certain non-deliverable forward contracts, such as non-deliverable foreign exchange forwards, may be subject to regulation as swap agreements, including mandatory clearing. Changes in the forward markets may entail increased costs and result in burdensome reporting requirements. The Funds may collateralize uncleared forward commodity contracts by segregating or designating cash and/or certain securities as indicated on their Statements of Financial Condition or Schedules of Investments. Such collateral is held for the benefit of the counterparty in a segregated tri-party account at the Custodian to protect the counterparty against non-payment by the Funds. The collateral held in this account is restricted as to its use. In the event of a default by the counterparty, the Funds will seek withdrawal of this collateral from the segregated account and may incur certain costs in exercising its right with respect to the collateral. If a counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, the Funds may experience significant delays in obtaining any recovery in a bankruptcy or other reorganizational proceeding. The Funds may obtain only limited recovery or may obtain no recovery in such circumstances. The Funds remain subject to credit risk with respect to the amount they expect to receive from counterparties. However, the Funds have sought to mitigate these risks by generally requiring that the counterparties for each Fund agree to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to what the counterparty owes the Fund, subject to minimum thresholds. In the event of the bankruptcy of counterparty, the Fund will have direct access to the collateral received from the counterparty, generally as of the day prior to the bankruptcy, because there is a one day time lag between the Fund’s request for collateral and the delivery of such collateral. To the extent any such collateral is insufficient, the Fund will be exposed to counterparty risk as described above, including the possible delays in recovering amounts as a result of bankruptcy proceedings. As of March 31, 2018, the collateral posted by counterparties consisted of cash and/or U.S. Treasury securities. Participants in trading foreign exchange forward contracts often do not require margin deposits, but rely upon internal credit limitations and their judgments regarding the creditworthiness of their counterparties. In recent years, however, many OTC market participants in foreign exchange trading have begun to require their counterparties to post margin. A Fund will typically enter into forward contracts only with major global financial institutions. The creditworthiness of each of the firms that is a party to a forward contract is monitored by the Sponsor. The counterparty/credit risk for cleared derivative transactions is generally lower than for uncleared OTC derivatives since generally a clearing organization becomes substituted for each counterparty to a cleared derivative contract and, in effect, guarantees the parties’ performance under the contract as each party to a trade looks only to the clearing organization for performance of financial obligations. In addition, cleared derivative transactions benefit from daily marking-to-market and settlement, and segregation and minimum capital requirements applicable to intermediaries. The following tables indicate the location of derivative related items on the Statement of Financial Condition as well as the effect of derivative instruments on the Statement of Operations during the reporting period. Fair Value of Derivative Instruments as of March 31, 2018 Assets Derivatives Liability Derivatives Derivatives Not Statements of Statements of Accounted for Financial Financial as Hedging Condition Unrealized Condition Unrealized Instruments Location Fund Appreciation Location Fund Depreciation VIX Futures Contracts Receivables on open futures contracts, unrealized appreciation on swap agreements ProShares Ultra VIX Short-Term Futures ETF $ 36,234,091 * Payable on open futures contracts, unrealized depreciation on swap agreements ProShares Short VIX Short-Term Futures ETF $ 36,760,956 * ProShares VIX Mid-Term Futures ETF 2,702,285 * ProShares Ultra VIX Short-Term Futures ETF 3,243,723 * ProShares VIX Short-Term Futures ETF 9,248,749 * Commodities Contracts Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements ProShares Ultra Bloomberg Crude Oil 35,640,602 * Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements ProShares UltraPro 3x Short Crude Oil ETF 3,735,138 * ProShares Ultra Bloomberg Natural Gas 2,251,369 * ProShares Ultra Gold 1,368,857 * ProShares UltraPro 3x Crude Oil ETF 3,003,955 * ProShares Ultra Silver 10,113,118 * ProShares UltraShort Gold 412,220 * ProShares UltraShort Bloomberg Crude Oil 19,287,859 * ProShares UltraShort Silver 985,463 * ProShares UltraShort Bloomberg Natural Gas 165,045 * Foreign Exchange Contracts Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts ProShares Short Euro 70,931 * Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts ProShares Ultra Euro 218,599 ProShares Ultra Euro 532 ProShares Ultra Yen 46,625 ProShares UltraShort Australian Dollar 298,160 * ProShares UltraShort Euro 239,257 ProShares UltraShort Euro 3,981,617 ProShares UltraShort Yen 103,009 ProShares UltraShort Yen 1,214,175 Total Trust $ 96,044,149 * Total Trust $ 75,282,186 * * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures contracts. Fair Value of Derivative Instruments as of December 31, 2017 Assets Derivatives Liability Derivatives Derivatives Not Statements of Statements of Accounted for Financial Financial as Hedging Condition Unrealized Condition Unrealized Instruments Location Fund Appreciation Location Fund Depreciation VIX Futures Contracts Receivables on open futures contracts ProShares Short VIX Short-Term Futures ETF $ 21,493,549 * Payable on open futures contracts ProShares Short VIX Short-Term Futures ETF $ 4,452,100 * ProShares Ultra VIX Short-Term Futures ETF 3,974,642 * ProShares Ultra VIX Short-Term Futures ETF 38,440,762 * ProShares VIX Short-Term Futures ETF 709,708 * ProShares VIX Mid-Term Futures ETF 2,215,280 * ProShares VIX Short-Term Futures ETF 5,471,585 * Commodities Contracts Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements ProShares Ultra Bloomberg Crude Oil 74,184,340 * Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements ProShares UltraPro 3x Short Crude Oil ETF 2,988,155 * ProShares Ultra Bloomberg Natural Gas 7,225,810 * ProShares UltraShort Bloomberg Crude Oil 34,569,790 * ProShares Ultra Gold 3,651,835 * ProShares UltraShort Bloomberg Natural Gas 1,097,049 * ProShares Ultra Silver 21,736,934 * ProShares UltraShort Gold 1,493,719 * ProShares UltraPro 3x Crude Oil ETF 1,417,998 * ProShares UltraShort Silver 1,717,813 * Foreign Exchange Contracts Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts ProShares Ultra Euro 321,609 Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts ProShares Short Euro 166,288 * ProShares UltraShort Euro 449,302 ProShares Ultra Euro 57,457 ProShares UltraShort Yen 1,568,997 ProShares Ultra Yen 34,824 ProShares UltraShort Australian Dollar 893,220 * ProShares UltraShort Euro 6,793,571 ProShares UltraShort Yen 41,734 Total Trust $ 136,734,724 * Total Trust $ 100,433,347 * * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures contracts. The Effect of Derivative Instruments on the Statements of Operations For the three months ended March 31, 2018 Derivatives Not Accounted for as Hedging Instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Recognized in Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income VIX Futures Contracts Net realized gain (loss) on futures contracts/ changes in unrealized appreciation/ depreciation on futures contracts ProShares Short VIX Short-Term Futures ETF $ (1,883,525,731 ) $ (53,802,405 ) ProShares Ultra VIX Short-Term Futures ETF 416,609,780 67,456,488 ProShares VIX Mid-Term Futures ETF 3,720,436 4,917,565 ProShares VIX Short-Term Futures ETF 77,276,980 14,010,626 Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares Ultra Bloomberg Crude Oil 112,517,891 (38,543,738 ) ProShares Ultra Bloomberg Natural Gas 1,134,812 (4,974,441 ) ProShares Ultra Gold 8,655,275 (5,020,692 ) ProShares Ultra Silver 12,801,743 (31,850,052 ) ProShares UltraPro 3x Crude Oil ETF 1,620,825 1,585,957 ProShares UltraPro 3x Short Crude Oil ETF (4,675,967 ) (746,983 ) ProShares UltraShort Bloomberg Crude Oil (48,096,150 ) 15,281,931 ProShares UltraShort Bloomberg Natural Gas 746,971 932,004 ProShares UltraShort Gold (3,269,875 ) 1,905,939 ProShares UltraShort Silver (1,596,841 ) 2,703,276 Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro (379,586 ) 237,219 ProShares Ultra Euro 800,513 (482,219 ) ProShares Ultra Yen 322,550 (11,801 ) ProShares UltraShort Australian Dollar (1,119,990 ) 1,191,380 ProShares UltraShort Euro (18,923,242 ) 10,086,629 ProShares UltraShort Yen (11,252,403 ) (416,097 ) Total Trust $ (1,336,632,009 ) $ (15,539,414 ) The Effect of Derivative Instruments on the Statements of Operations For the three months ended March 31, 2017 Derivatives Not Accounted for as Hedging Instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Recognized in Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income VIX Futures Contracts Net realized gain (loss) on futures contracts/ changes in unrealized appreciation/ depreciation on futures contracts ProShares Short VIX Short-Term Futures ETF $ 99,893,092 $ 29,160,974 ProShares Ultra VIX Short-Term Futures ETF (365,515,188 ) (28,593,655 ) ProShares VIX Mid-Term Futures ETF (8,167,318 ) (3,264,135 ) ProShares VIX Short-Term Futures ETF (65,227,857 ) (6,856,808 ) Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares Ultra Bloomberg Crude Oil (412,087 ) (147,865,307 ) ProShares Ultra Bloomberg Natural Gas (14,377,716 ) 900,424 ProShares Ultra Gold 9,447,490 6,400,357 ProShares Ultra Silver 30,201,888 27,281,603 ProShares UltraPro 3x Crude Oil ETF (959 ) 850,582 ProShares UltraPro 3x Short Crude Oil ETF (105,766 ) (661,506 ) ProShares UltraShort Bloomberg Crude Oil (1,149,867 ) 39,939,834 ProShares UltraShort Bloomberg Natural Gas 1,858,381 (665,754 ) ProShares UltraShort Gold (4,871,160 ) (4,210,682 ) ProShares UltraShort Silver (2,857,261 ) (1,882,809 ) Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro 82,257 (252,663 ) ProShares Ultra Euro (628,668 ) 894,328 ProShares Ultra Yen (81,511 ) 589,704 ProShares UltraShort Australian Dollar (532,227 ) (1,432,614 ) ProShares UltraShort Euro 15,679,619 (24,060,957 ) ProShares UltraShort Yen (271,234 ) (26,634,964 ) Total Trust $ (307,036,092 ) $ (140,364,048 ) Offsetting Assets and Liabilities Each Fund is subject to master netting agreements or similar arrangements that allow for amounts owed between each Fund and the counterparty to be netted upon an early termination. The party that has the larger payable pays the excess of the larger amount over the smaller amount to the other party. The master netting agreements or similar arrangements do not apply to amounts owed to/from different counterparties. As described above, the Funds utilize derivative instruments to achieve their investment objective during the year. The amounts shown in the Statements of Financial Condition do not take into consideration the effects of legally enforceable master netting agreements or similar arrangements. For financial reporting purposes, the Funds do not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statements of Financial Condition. The following table presents each Fund’s derivatives by investment type and by counterparty net of amounts available for offset under a master netting agreement and the related collateral received or pledged by the Funds as of March 31, 2018. Fair Values of Derivative Instruments as of March 31, 2018 Assets Liabilities Gross Gross Amounts of Amounts of Recognized Gross Net Amounts of Recognized Gross Net Amounts of Assets Amounts Assets Liabilities Amounts Liabilities presented in Offset in the presented in presented in Offset in the presented in the Statements the Statements the Statements the Statements Statements the Statements of Financial of Financial of Financial of Financial of Financial of Financial Condition Condition Condition Condition Condition Condition ProShares Ultra Bloomberg Crude Oil Swap agreements $ 24,872,652 $ — $ 24,872,652 $ — $ — $ — ProShares Ultra Euro Foreign currency forward contracts 532 — 532 218,599 — 218,599 ProShares Ultra Gold Forward agreements — — — 1,368,417 — 1,368,417 ProShares Ultra Silver Forward agreements — — — 10,109,148 — 10,109,148 ProShares Ultra VIX Short-Term Futures ETF Swap agreements 2,050,397 — 2,050,397 3,243,723 — 3,243,723 ProShares Ultra Yen Foreign currency forward contracts — — — 46,625 — 46,625 ProShares UltraShort Bloomberg Crude Oil Swap agreements — — — 14,598,025 — 14,598,025 ProShares UltraShort Euro Foreign currency forward contracts 3,981,617 — 3,981,617 239,257 — 239,257 ProShares UltraShort Gold Forward agreements 411,780 — 411,780 — — — ProShares UltraShort Silver Forward agreements 981,543 — 981,543 — — — ProShares UltraShort Yen Foreign currency forward contracts 1,214,175 — 1,214,175 103,009 — 103,009 Asset (Liability) amounts shown in the table below represent amounts owed to (by) the Funds for the derivative-related investments at March 31, 2018. These amounts may be collateralized by cash or financial instruments, segregated for the benefit of the Funds or the counterparties, depending on whether the related contracts are in an appreciated or depreciated position at period end. Amounts shown in the column labeled “Net Amount” represent the uncollateralized portions of these amounts at period end. These amounts may be un-collateralized due to timing differences related to market movements or due to minimum thresholds for collateral movement, as further described above under the caption “Accounting for Derivative Instruments”. Gross Amounts Not Offset in the Statements of Financial Condition as of March 31, 2018 Amounts of Recognized Assets / (Liabilities) presented in the Statements of Financial Condition Financial Instruments for the Benefit of (the Funds) / the Counterparties Cash Collateral for the Benefit of (the Funds) / the Counterparties Net Amount ProShares Ultra Bloomberg Crude Oil Citibank N.A. $ 7,042,924 $ — $ — $ 7,042,924 Goldman Sachs International 7,454,750 (6,097,671 ) — 1,357,079 Societe Generale S.A. 3,306,542 (2,789,044 ) — 517,498 UBS AG 7,068,436 (5,649,698 ) — 1,418,738 ProShares Ultra Euro Goldman Sachs International (104,905 ) 22,905 82,000 — UBS AG (113,162 ) — 113,162 — ProShares Ultra Gold Citibank N.A. (492,775 ) 492,775 — — Goldman Sachs International (415,609 ) 415,609 — — Societe Generale S.A. (124,446 ) 124,446 — — UBS AG (335,587 ) 335,587 — — ProShares Ultra Silver Citibank N.A. (3,377,838 ) 3,377,838 — — Goldman Sachs International (2,770,026 ) — 2,770,026 — Societe Generale (1,197,274 ) 1,197,274 — — UBS AG (2,764,010 ) 2,764,010 — — ProShares Ultra VIX Short-Term Futures ETF Deutsche Bank 2,050,397 — (2,050,397 ) — Goldman Sachs International (3,243,723 ) — 3,243,723 — ProShares Ultra Yen Goldman Sachs International (23,437 ) — 23,437 — UBS AG (23,188 ) — 23,188 — ProShares UltraShort Bloomberg Crude Oil Citib |
Agreements
Agreements | 3 Months Ended |
Mar. 31, 2018 | |
Text Block [Abstract] | |
Agreements | NOTE 4 – AGREEMENTS Management Fee Each Leveraged Fund, the Short Euro Fund and each Geared VIX Fund pays the Sponsor a Management Fee, monthly in arrears, in an amount equal to 0.95% per annum of its average daily NAV of such Fund. Each Matching VIX Fund pays the Sponsor a Management Fee, monthly in arrears, in an amount equal to 0.85% per annum of its average daily NAV of such Fund. The Sponsor has not and will not charge a Management Fee in each of the Fund’s first year of operations in an amount equal to the offering costs. The Sponsor has reimbursed and will reimburse each Fund, to the extent that its offering costs exceed the Management Fee, for the first year of operations. The Management Fee is paid in consideration of the Sponsor’s trading advisory services and the other services provided to the Fund that the Sponsor pays directly. From the Management Fee, the Sponsor pays all of the routine operational, administrative and other ordinary expenses of each Fund, generally as determined by the Sponsor, including but not limited to the Administrator, Custodian, Distributor, ProFunds Distributors, Inc. (“PDI”), an affiliated broker-dealer of the Sponsor, Transfer Agent, accounting and auditing fees and expenses, any index licensors for the Funds, and the normal and expected expenses incurred in connection with the continuous offering of Shares of each Fund after the commencement of its trading operations, including, but not limited to, expenses such as tax preparation expenses, legal fees not in excess of $100,000 per annum, ongoing SEC registration fees not exceeding 0.021% per annum of the NAV of a Fund and Financial Industry Regulatory Authority (“FINRA”) filing fees, individual Schedule K-1 preparation and mailing fees not exceeding 0.10% per annum of the net assets of a Fund, and report preparation and mailing expenses. Non-Recurring Fees and Expenses Each Fund pays all its non-recurring and unusual fees and expenses, if any, as determined by the Sponsor. Non-recurring and unusual fees and expenses are fees and expenses that are unexpected or unusual in nature, such as legal claims and liabilities, litigation costs or indemnification or other material expenses which are not currently anticipated obligations of the Funds. The Administrator The Sponsor and the Trust, for itself and on behalf of each Fund, has appointed Brown Brothers Harriman & Co. (“BBH&Co.”) as the Administrator of the Funds, and the Sponsor, and the Trust, on its own behalf and on behalf of each Fund, and BBH&Co. have entered into an Administrative Agency Agreement (the “Administration Agreement”) in connection therewith. Pursuant to the terms of the Administration Agreement and under the supervision and direction of the Sponsor and the Trust, BBH&Co. prepares and files certain regulatory filings on behalf of the Funds. BBH&Co. may also perform other services for the Funds pursuant to the Administration Agreement as mutually agreed upon by the Sponsor, the Trust and BBH&Co. from time to time. Pursuant to the terms of the Administration Agreement, BBH&Co. also serves as the Transfer Agent of the Funds. The Administrator’s fees are paid on behalf of the Funds by the Sponsor. The Custodian BBH&Co. serves as the Custodian of the Funds, and the Trust, on its own behalf and on behalf of each Fund, and BBH&Co. have entered into a Custodian Agreement in connection therewith. Pursuant to the terms of the Custodian Agreement, BBH&Co. is responsible for the holding and safekeeping of assets delivered to it by the Funds, and performing various administrative duties in accordance with instructions delivered to BBH&Co. by the Funds. The Custodian’s fees are paid on behalf of the Funds by the Sponsor. The Distributor SEI Investments Distribution Co. (“SEI”), serves as Distributor of the Funds and assists the Sponsor and the Administrator with certain functions and duties relating to distribution and marketing, including taking creation and redemption orders, consulting with the marketing staff of the Sponsor and its affiliates with respect to compliance with the requirements of FINRA and/or the NFA in connection with marketing efforts, and reviewing and filing of marketing materials with FINRA and/or the NFA. SEI retains all marketing materials separately for each Fund, at c/o SEI, One Freedom Valley Drive, Oaks, PA 19456. The Sponsor, on behalf of each Fund, has entered into a Distribution Services Agreement with SEI. The Sponsor pays SEI for performing its duties on behalf of the Funds. |
Offering Costs
Offering Costs | 3 Months Ended |
Mar. 31, 2018 | |
Text Block [Abstract] | |
Offering Costs | NOTE 5 – OFFERING COSTS Offering costs will be amortized by the Funds over a twelve month period on a straight-line basis beginning once the fund commences operations. The Sponsor will not charge its Management Fee in the first year of operations of a Fund in an amount equal to the offering costs. Normal and expected expenses incurred in connection with the continuous offering of Shares of a Fund after the commencement of its trading operations will be paid by the Sponsor. The Sponsor will reimburse ProShares UltraPro 3x Crude Oil ETF and ProShares UltraPro 3x Short Crude Oil ETF to the extent that their respective offering costs exceeded 0.95% of their average daily NAV during their first year of operations. |
Creation and Redemption of Crea
Creation and Redemption of Creation Units | 3 Months Ended |
Mar. 31, 2018 | |
Text Block [Abstract] | |
Creation and Redemption of Creation Units | NOTE 6 – CREATION AND REDEMPTION OF CREATION UNITS Each Fund issues and redeems shares from time to time, but only in one or more Creation Units. A Creation Unit is a block of 50,000 Shares of a Geared Fund and 25,000 Shares of a Matching VIX Fund. Creation Units may be created or redeemed only by Authorized Participants. As a result of the Share splits and reverse Share splits as described in Note 1, certain redemptions as disclosed in the Statements of Changes in Shareholders’ Equity reflect payment of fractional share balances on beneficial shareholder accounts. Except when aggregated in Creation Units, the Shares are not redeemable securities. Retail investors, therefore, generally will not be able to purchase or redeem Shares directly from or with a Fund. Rather, most retail investors will purchase or sell Shares in the secondary market with the assistance of a broker. Thus, some of the information contained in these Notes to Financial Statements—such as references to the Transaction Fees imposed on purchases and redemptions—is not relevant to retail investors. Transaction Fees on Creation and Redemption Transactions The manner by which Creation Units are purchased or redeemed is governed by the terms of the Authorized Participant Agreement and Authorized Participant Handbook. By placing a purchase order, an Authorized Participant agrees to: (1) deposit cash with the Custodian; and (2) if permitted by the Sponsor in its sole discretion, enter into or arrange for an exchange of futures contract for related position or block trade with the relevant fund whereby the Authorized Participant would also transfer to such Fund a number and type of exchange-traded futures contracts at or near the closing settlement price for such contracts on the purchase order date. Authorized Participants may pay a fixed transaction fee of up to $250 in connection with each order to create or redeem a Creation Unit in order to compensate BBH&Co., as the Administrator, the Custodian and the Transfer Agent of each Fund and its Shares, for services in processing the creation and redemption of Creation Units and to offset the costs of increasing or decreasing derivative positions. Authorized Participants also may pay a variable transaction fee to the Fund of up to 0.10% (and a variable transaction fee to the Matching VIX Funds of 0.05%) of the value of the Creation Unit that is purchased or redeemed unless the transaction fee is waived or otherwise adjusted by the Sponsor. The Sponsor provides such Authorized Participant with prompt notice in advance of any such waiver or adjustment of the transaction fee. Authorized Participants may sell the Shares included in the Creation Units they purchase from the Funds to other investors in the secondary market. Transaction fees for the three months ended March 31, 2018 which are included in the Addition and/or Redemption of Shares on the Statements of Changes in Shareholders’ Equity, were as follows: Fund Three Months Ended Short Euro $ — Short VIX Short-Term Futures ETF 440,480 Ultra Bloomberg Crude Oil 63,602 Ultra Bloomberg Natural Gas 5,803 Ultra Euro — Ultra Gold 4,166 Ultra Silver 5,267 Ultra VIX Short-Term Futures ETF 654,427 Ultra Yen — UltraPro 3x Crude Oil ETF 4,795 UltraPro 3x Short Crude Oil ETF 12,046 UltraShort Australian Dollar — UltraShort Bloomberg Crude Oil 37,931 UltraShort Bloomberg Natural Gas 2,110 UltraShort Euro — UltraShort Gold 5,915 UltraShort Silver — UltraShort Yen — VIX Mid-Term Futures ETF 9,933 VIX Short-Term Futures ETF 67,306 Total Trust $ 1,313,781 |
Financial Highlights
Financial Highlights | 3 Months Ended |
Mar. 31, 2018 | |
Quarterly Financial Information Disclosure [Abstract] | |
Financial Highlights | NOTE 7 – FINANCIAL HIGHLIGHTS Selected data for a Share outstanding throughout the three months ended March 31, 2018: For the Three Months Ended March 31, 2018 (unaudited) Per Share Operating Performance Short Euro Short VIX Short-Term Ultra Ultra Ultra Euro Ultra Gold Net asset value, at December 31, 2017 $ 39.96 $ 127.30 $ 23.66 $ 32.64 $ 17.44 $ 39.88 Net investment income (loss) 0.00 (1) (0.04 ) 0.02 0.00 (1) 0.00 (1) 0.04 Net realized and unrealized gain (loss)# (0.71 ) (115.67 ) 3.80 (5.16 ) 0.66 1.52 Change in net asset value from operations (0.71 ) (115.71 ) 3.82 (5.16 ) 0.66 1.56 Net asset value, at March 31, 2018 $ 39.25 $ 11.59 $ 27.48 $ 27.48 $ 18.10 $ 41.44 Market value per share, at December 31, 2017† $ 39.99 $ 128.21 $ 23.44 $ 32.50 $ 17.46 $ 40.67 Market value per share, at March 31, 2018† $ 39.04 $ 11.74 $ 27.50 $ 27.53 $ 18.09 $ 41.55 Total Return, at net asset value^ (1.8 )% (90.9 )% 16.1 % (15.8 )% 3.8 % 3.9 % Total Return, at market value^ (2.4 )% (90.8 )% 17.3 % (15.3 )% 3.6 % 2.2 % Ratios to Average Net Assets** Expense ratio 0.96 % 1.55 % 0.97 % 1.17 % 0.95 % 0.95 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) 0.05 % (0.77 )% 0.30 % 0.07 % 0.06 % 0.37 % * See Note 1 of these Notes to Financial Statements. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2018. ** Percentages are annualized. (1) Amount represents less than $0.005. For the Three Months Ended March 31, 2018 (unaudited) Per Share Operating Performance Ultra Silver Ultra VIX Short-Term Ultra Yen UltraPro 3x UltraPro 3x UltraShort Net asset value, at December 31, 2017 $ 33.55 $ 10.33 $ 57.32 $ 37.78 $ 42.32 $ 45.67 Net investment income (loss) 0.03 (0.04 ) (0.06 ) (0.11 ) (0.10 ) 0.00 (1) Net realized and unrealized gain (loss)# (2.75 ) 8.71 6.22 8.63 (11.42 ) 1.42 Change in net asset value from operations (2.72 ) 8.67 6.16 8.52 (11.52 ) 1.42 Net asset value, at March 31, 2018 $ 30.83 $ 19.00 $ 63.48 $ 46.30 $ 30.80 $ 47.09 Market value per share, at December 31, 2017† $ 33.85 $ 10.21 $ 57.45 $ 37.23 $ 42.88 $ 45.72 Market value per share, at March 31, 2018† $ 31.09 $ 18.53 $ 63.49 $ 46.33 $ 30.77 $ 47.18 Total Return, at net asset value^ (8.1 )% 83.9 % 10.7 % 22.6 % (27.2 )% 3.1 % Total Return, at market value^ (8.2 )% 81.5 % 10.5 % 24.4 % (28.2 )% 3.2 % Ratios to Average Net Assets** Expense ratio 0.95 % 1.95 % 0.95 % 1.14 % 1.21 % 1.02 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) 0.36 % (1.20 )% (0.40 )% (1.06 )% (1.14 )% 0.01 % * See Note 1 of these Notes to Financial Statements. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2018. ** Percentages are annualized. (1) Amount represents less than $0.005. For the Three Months Ended March 31, 2018 (unaudited) Per Share Operating Performance UltraShort UltraShort UltraShort UltraShort UltraShort UltraShort Yen Net asset value, at December 31, 2017 $ 24.31 $ 39.48 $ 21.21 $ 70.47 $ 31.71 $ 74.93 Net investment income (loss) 0.02 (0.06 ) 0.02 0.05 0.02 0.06 Net realized and unrealized gain (loss)# (4.37 ) 3.46 (0.90 ) (3.38 ) 2.20 (7.79 ) Change in net asset value from operations (4.35 ) 3.40 (0.88 ) (3.33 ) 2.22 (7.73 ) Net asset value, at March 31, 2018 $ 19.96 $ 42.88 $ 20.33 $ 67.14 $ 33.93 $ 67.20 Market value per share, at December 31, 2017† $ 24.56 $ 39.65 $ 21.20 $ 69.11 $ 31.40 $ 74.98 Market value per share, at March 31, 2018† $ 19.95 $ 42.83 $ 20.32 $ 66.98 $ 33.54 $ 67.14 Total Return, at net asset value^ (17.9 )% 8.6 % (4.1 )% (4.7 )% 7.0 % (10.3 )% Total Return, at market value^ (18.8 )% 8.0 % (4.2 )% (3.1 )% 6.8 % (10.5 )% Ratios to Average Net Assets** Expense ratio 0.97 % 1.42 % 0.95 % 0.95 % 0.95 % 0.95 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) 0.34 % (0.55 )% 0.36 % 0.31 % 0.28 % 0.33 % # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2018. ** Percentages are annualized. For the Three Months Ended March 31, 2018 (unaudited) Per Share Operating Performance VIX Mid-Term VIX Short-Term Net asset value, at December 31, 2017 $ 21.29 $ 23.34 Net investment income (loss) (0.00 ) (1) (0.01 ) Net realized and unrealized gain (loss)# 5.32 16.43 Change in net asset value from operations 5.32 16.42 Net asset value, at March 31, 2018 $ 26.61 $ 39.76 Market value per share, at December 31, 2017† $ 21.15 $ 23.15 Market value per share, at March 31, 2018† $ 26.45 $ 39.15 Total Return, at net asset value^ 25.0 % 70.4 % Total Return, at market value^ 25.1 % 69.1 % Ratios to Average Net Assets** Expense ratio 1.02 % 1.09 % Expense ratio, excluding brokerage commissions 0.85 % 0.85 % Net investment income (loss) (0.07 )% (0.16 )% # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2018. ** Percentages are annualized. (1) Amount represents less than $0.005. Selected data for a Share outstanding throughout the three months ended March 31, 2017: For the Three Months Ended March 31, 2017 (unaudited) Per Share Operating Performance Short Euro Short VIX Short-Term Ultra Bloomberg Ultra Bloomberg Ultra Euro Ultra Gold Net asset value, at December 31, 2016 $ 45.06 $ 45.62 $ 23.34 $ 94.24 $ 14.02 $ 32.90 Net investment income (loss) (0.06 ) (0.18 ) (0.02 ) (0.12 ) (0.02 ) (0.04 ) Net realized and unrealized gain (loss)# (0.49 ) 25.10 (4.36 ) (32.76 ) 0.24 5.47 Change in net asset value from operations (0.55 ) 24.92 (4.38 ) (32.88 ) 0.22 5.43 Net asset value, at March 31, 2017 $ 44.51 $ 70.54 $ 18.96 $ 61.36 $ 14.24 $ 38.33 Market value per share, at December 31, 2016† $ 45.12 $ 45.49 $ 23.36 $ 94.80 $ 14.09 $ 33.20 Market value per share, at March 31, 2017† $ 44.29 $ 70.58 $ 19.02 $ 61.35 $ 14.27 $ 38.45 Total Return, at net asset value^ (1.2 )% 54.7 % (18.8 )% (34.9 )% 1.6 % 16.5 % Total Return, at market value^ (1.8 )% 55.1 % (18.6 )% (35.3 )% 1.3 % 15.8 % Ratios to Average Net Assets** Expense ratio 0.97 % 1.61 % 0.97 % 1.14 % 0.95 % 0.95 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) (0.56 )% (1.16 )% (0.46 )% (0.75 )% (0.48 )% (0.47 )% * See Note 1 of these Notes to Financial Statements. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2017. ** Percentages are annualized. For the Three Months Ended March 31, 2017 (unaudited) Per Share Operating Performance Ultra Silver Ultra VIX Short-Term Ultra Yen UltraPro 3x UltraPro 3x UltraShort Net asset value, at December 31, 2016 $ 33.44 $ 173.93 $ 55.43 $ 25.00 $ 100.00 $ 55.38 Net investment income (loss) (0.04 ) (0.30 ) (0.09 ) (0.01 ) (0.04 ) (0.08 ) Net realized and unrealized gain (loss)# 7.20 (108.86 ) 5.08 4.25 (15.33 ) (6.55 ) Change in net asset value from operations 7.16 (109.16 ) 4.99 4.24 (15.37 ) (6.63 ) Net asset value, at March 31, 2017 $ 40.60 $ 64.77 $ 60.42 $ 29.24 $ 84.63 $ 48.75 Market value per share, at December 31, 2016† $ 32.09 $ 175.00 $ 55.52 $ 25.00 $ 100.00 $ 55.24 Market value per share, at March 31, 2017† $ 41.23 $ 64.68 $ 60.19 $ 29.42 $ 84.28 $ 49.00 Total Return, at net asset value^ 21.4 % (62.8 )% 9.0 % 17.0 % (15.4 )% (12.0 )% Total Return, at market value^ 28.5 % (63.0 )% 8.4 % 17.7 % (15.7 )% (11.3 )% Ratios to Average Net Assets** Expense ratio 0.95 % 1.74 % 0.95 % 1.83 % 1.98 % 1.02 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) (0.46 )% (1.36 )% (0.65 )% (1.83 )% (1.98 )% (0.63 )% * See Note 1 of these Notes to Financial Statements. + From commencement of operations, March 24, 2017 through March 31, 2017. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2017. For ProShares UltraPro 3x Crude Oil ETF and ProShares UltraPro 3x Short Crude Oil ETF, the returns of shares outstanding for the period from commencement of operations through March 31, 2017 are calculated based on the initial offering price upon commencement of operations of $25.00 and $100.00, respectively. ** Percentages are annualized. For the Three Months Ended March 31, 2017 (unaudited) Per Share Operating Performance UltraShort UltraShort UltraShort Euro UltraShort Gold UltraShort Silver UltraShort Yen Net asset value, at December 31, 2016 $ 31.70 $ 23.10 $ 27.08 $ 91.33 $ 37.31 $ 80.24 Net investment income (loss) (0.04 ) (0.08 ) (0.03 ) (0.09 ) (0.04 ) (0.09 ) Net realized and unrealized gain (loss)# 5.04 6.22 (0.63 ) (14.84 ) (7.89 ) (7.60 ) Change in net asset value from operations 5.00 6.14 (0.66 ) (14.93 ) (7.93 ) (7.69 ) Net asset value, at March 31, 2017 $ 36.70 $ 29.24 $ 26.42 $ 76.40 $ 29.38 $ 72.55 Market value per share, at December 31, 2016† $ 31.65 $ 23.05 $ 27.08 $ 90.54 $ 38.76 $ 80.25 Market value per share, at March 31, 2017† $ 36.57 $ 29.25 $ 26.39 $ 75.93 $ 28.90 $ 72.50 Total Return, at net asset value^ 15.8 % 26.6 % (2.5 )% (16.3 )% (21.3 )% (9.6 )% Total Return, at market value^ 15.5 % 26.9 % (2.5 )% (16.1 )% (25.4 )% (9.7 )% Ratios to Average Net Assets** Expense ratio 0.97 % 1.29 % 0.95 % 0.95 % 0.95 % 0.95 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) (0.52 )% (0.99 )% (0.46 )% (0.45 )% (0.49 )% (0.47 )% * See Note 1 of these Notes to Financial Statements. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2017. ** Percentages are annualized. For the Three Months Ended March 31, 2017 (unaudited) Per Share Operating Performance VIX Mid-Term Futures ETF VIX Short-Term Net asset value, at December 31, 2016 $ 42.14 $ 84.86 Net investment income (loss) (0.04 ) (0.08 ) Net realized and unrealized gain (loss)# (10.20 ) (32.07 ) Change in net asset value from operations (10.24 ) (32.15 ) Net asset value, at March 31, 2017 $ 31.90 $ 52.71 Market value per share, at December 31, 2016† $ 42.34 $ 85.04 Market value per share, at March 31, 2017† $ 31.95 $ 52.68 Total Return, at net asset value^ (24.3 )% (37.9 )% Total Return, at market value^ (24.5 )% (38.1 )% Ratios to Average Net Assets** Expense ratio 0.89 % 0.94 % Expense ratio, excluding brokerage commissions 0.85 % 0.85 % Net investment income (loss) (0.44 )% (0.51 )% * See Note 1 of these Notes to Financial Statements. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2017. ** Percentages are annualized. |
Risk
Risk | 3 Months Ended |
Mar. 31, 2018 | |
Risks and Uncertainties [Abstract] | |
Risk | NOTE 8 – RISK Correlation and Compounding Risk The Geared Funds do not seek to achieve their stated investment objective over a period of time greater than a single day (as measured from NAV calculation time to NAV calculation time). The return of a Geared Fund for a period longer than a single day is the result of its return for each day compounded over the period and usually will differ from the one-half inverse (-0.5x), the inverse (-1x), two times the inverse (-2x), one and one-half times (1.5x) of the return, two times (2x) of the return, three times the inverse (-3x), or three times of the return (3x) of the Geared Fund’s benchmark for the period. A Geared Fund will lose money if its benchmark performance is flat over time, and it is possible for a Geared Fund to lose money over time even if the performance of its benchmark increases (or decreases in the case of Short, UltraShort and UltraPro Short Funds), as a result of daily rebalancing, the benchmark’s volatility, compounding, and other factors. Longer holding periods, higher benchmark volatility, inverse exposure and greater leverage each affect the impact of compounding on a Geared Fund’s returns. Daily compounding of a Geared Fund’s investment returns can dramatically and adversely affect its longer-term performance during periods of high volatility. Volatility may be at least as important to a Geared Fund’s return for a period as the return of the Geared Fund’s underlying benchmark. The Matching VIX Funds seek to achieve their stated investment objective over time. Each Ultra, UltraShort, UltraPro and UltraPro Short Fund uses leverage and should produce daily returns that are more volatile than that of its benchmark. For example, the daily return of an Ultra or UltraPro Fund with a 1.5x or 2x or 3x multiple should be approximately one and one-half or two or three times as volatile on a daily basis as is the return of a fund with an objective of matching the same benchmark. The daily return of a Short, UltraShort or UltraPro Short Fund is designed to return the one-half inverse (-0.5x) or the inverse (-1x) or two times the inverse (-2x) or three times the inverse (-3x) of the return that would be expected of a fund with an objective of matching the same benchmark. The Geared Funds are not appropriate for all investors and present significant risks not applicable to other types funds. The Leveraged Funds use leverage and are riskier than similarly benchmarked exchange-traded funds that do not use leverage. An investor should only consider an investment in a Geared Fund if he or she understands the consequences of seeking daily leveraged, daily inverse or daily inverse leveraged investment results. Shareholders who invest in the Funds should actively manage and monitor their investments, as frequently as daily. While the Funds seek to meet their investment objectives, there is no guarantee they will do so. Factors that may affect a Fund’s ability to meet its investment objective include: (1) the Sponsor’s ability to purchase and sell Financial Instruments in a manner that correlates to a Fund’s objective; (2) an imperfect correlation between the performance of Financial Instruments held by a Fund and the performance of the applicable benchmark; (3) bid-ask spreads on such Financial Instruments; (4) fees, expenses, transaction costs, financing costs associated with the use of Financial Instruments and commission costs; (5) holding or trading instruments in a market that has become illiquid or disrupted; (6) a Fund’s Share prices being rounded to the nearest cent and/or valuation methodology; (7) changes to a benchmark index that are not disseminated in advance; (8) the need to conform a Fund’s portfolio holdings to comply with investment restrictions or policies or regulatory or tax law requirements; (9) early and unanticipated closings of the markets on which the holdings of a Fund trade, resulting in the inability of the Fund to execute intended portfolio transactions; (10) accounting standards; and (11) differences caused by a Fund obtaining exposure to only a representative sample of the components of a benchmark, overweighting or underweighting certain components of a benchmark or obtaining exposure to assets that are not included in a benchmark. A number of factors may affect a Geared Fund’s ability to achieve a high degree of correlation with its benchmark, and there can be no guarantee that a Fund will achieve a high degree of correlation. Failure to achieve a high degree of correlation may prevent a Geared Fund from achieving its investment objective. In order to achieve a high degree of correlation with their underlying benchmarks, the Geared Funds seek to rebalance their portfolios daily to keep exposure consistent with their investment objectives. Being materially under- or over-exposed to the benchmark may prevent such Geared Funds from achieving a high degree of correlation with such benchmark. Market disruptions or closure, large amounts of assets into or out of the Geared Funds, regulatory restrictions, extreme market volatility, and other factors will adversely affect such Funds’ ability to adjust exposure to requisite levels. The target amount of portfolio exposure is impacted dynamically by the benchmarks’ movements during each day. Because of this, it is unlikely that the Geared Funds will be perfectly exposed ( i.e., Each Geared Fund seeks to rebalance its portfolio on a daily basis. The time and manner in which a Geared Fund rebalances its portfolio may vary from day to day depending upon market conditions and other circumstances at the discretion of the Sponsor. Unlike other funds that do not rebalance their portfolios as frequently, each Geared Fund may be subject to increased trading costs associated with daily portfolio rebalancing in order to maintain appropriate exposure to the underlying benchmarks. Counterparty Risk Each Fund may use derivatives such as swap agreements and forward contracts (collectively referred to herein as “derivatives”) in the manner described herein as a means to achieve their respective investment objectives. The use of derivatives by a Fund exposes the Fund to counterparty risks. Regulatory Treatment Derivatives are generally traded in over-the-counter (“OTC”) markets and have only recently become subject to comprehensive regulation in the United States. Cash-settled forwards are generally regulated as “swaps”, whereas physically settled forwards are generally not subject to regulation (in the case of commodities other than currencies) or subject to the federal securities laws (in the case of securities). Title VII of the Dodd-Frank Act (“Title VII”) created a regulatory regime for derivatives, with the CFTC responsible for the regulation of swaps and the SEC responsible for the regulation of “security-based swaps.” The SEC requirements have largely yet to be made effective, but the CFTC requirements are largely in place. The CFTC requirements have included rules for some of the types of transactions in which the Funds will engage, including mandatory clearing and exchange trading, reporting, and margin for uncleared swaps. Title VII also created new categories of regulated market participants, such as “swap dealers,” “security-based swap dealers,” “major swap participants,” and “major security-based swap participants” who are, or will be, subject to significant new capital, registration, recordkeeping, reporting, disclosure, business conduct and other regulatory requirements. The regulatory requirements under Title VII continue to be developed and there may be further modifications that could impact the Funds. As noted, the CFTC rules may not apply to all of the swap agreements and forward contracts entered into by the Funds. Investors, therefore, may not receive the protection of CFTC regulation or the statutory scheme of the CEA in connection with each Fund’s swap agreements or forward contracts. The lack of regulation in these markets could expose investors to significant losses under certain circumstances, including in the event of trading abuses or financial failure by participants. Counterparty Credit Risk The Funds will be subject to the credit risk of the counterparties to the derivatives. In the case of cleared derivatives, the Funds will have credit risk to the clearing corporation in a similar manner as the Funds would for futures contracts. In the case of uncleared derivatives, the Funds will be subject to the credit risk of the counterparty to the transaction – typically a single bank or financial institution. As a result, a Fund is subject to increased credit risk with respect to the amount it expects to receive from counterparties to uncleared derivatives entered into as part of that Fund’s principal investment strategy. If a counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, a Fund could suffer significant losses on these contracts and the value of an investor’s investment in a Fund may decline. The Funds have sought to mitigate these risks by generally requiring that the counterparties for each Fund agree to post collateral for the benefit of the Fund, marked to market daily, subject to certain minimum thresholds. However, there are no limitations on the percentage of assets each Fund may invest in swap agreements or forward contracts with a particular counterparty. To the extent any such collateral is insufficient or there are delays in accessing the collateral, the Funds will be exposed to counterparty risk as described above, including possible delays in recovering amounts as a result of bankruptcy proceedings. The Funds typically enter into transactions only with major, global financial institutions. OTC derivatives of the type that may be utilized by the Funds are generally less liquid than futures contracts because they are not traded on an exchange, do not have uniform terms and conditions, and are generally entered into based upon the creditworthiness of the parties and the availability of credit support, such as collateral, and in general, are not transferable without the consent of the counterparty. These agreements contain various conditions, events of default, termination events, covenants and representations. The triggering of certain events or the default on certain terms of the agreement could allow a party to terminate a transaction under the agreement and request immediate payment in an amount equal to the net positions owed to the party under the agreement. For example, if the level of the Fund’s benchmark has a dramatic intraday move that would cause a material decline in the Fund’s NAV, the terms of the swap may permit the counterparty to immediately close out the transaction with the Fund. In that event, it may not be possible for the Fund to enter into another swap or to invest in other Financial Instruments necessary to achieve the desired exposure consistent with the Fund’s objective. This, in turn, may prevent the Fund from achieving its investment objective, particularly if the level of the Fund’s benchmark reverses all or part of its intraday move by the end of the day. In addition, cleared derivatives benefit from daily marking-to-market and settlement, and segregation and minimum capital requirements applicable to intermediaries. To the extent the Fund enters into cleared swap transactions, the Fund will deposit collateral with an FCM in cleared swaps customer accounts, which are required by CFTC regulations to be separate from its proprietary collateral posted for cleared swaps transactions. Cleared swap customer collateral is subject to regulations that closely parallel the regulations governing customer segregated funds for futures transactions but provide certain additional protections to cleared swaps collateral in the event of a clearing broker or clearing broker customer default. For example, in the event of a default of both the clearing broker and a customer of the clearing broker, a clearing house is only permitted to access the cleared swaps collateral in the legally separate (but operationally comingled) account of the defaulting cleared swap customer of the clearing broker, as opposed to the treatment of customer segregated funds, under which the clearing house may access all of the commingled customer segregated funds of a defaulting clearing broker. Uncleared derivatives entered into directly between two counterparties do not necessarily benefit from such protections, particularly if entered into with an entity that is not registered as a “swap dealer” with the CFTC. This exposes the Funds to the risk that a counterparty will not settle a transaction in accordance with its terms and conditions because of a dispute over the terms of the contract (whether or not bona fide The Sponsor regularly reviews the performance of its counterparties for, among other things, creditworthiness and execution quality. In addition, the Sponsor periodically considers the addition of new counterparties and the counterparties used by a Fund may change at any time. Each day, the Funds disclose their portfolio holdings as of the prior Business Day. Each Fund’s portfolio holdings identifies its counterparties, as applicable. This portfolio holdings information may be accessed through the web on the Sponsor’s website at www.ProShares.com. Each counterparty and/or any of its affiliates may be an Authorized Participant or shareholder of a Fund, subject to applicable law. The counterparty risk for cleared derivatives transactions is generally lower than for uncleared OTC derivatives. Once a transaction is cleared, the clearing organization is substituted and is a Fund’s counterparty on the derivative. The clearing organization guarantees the performance of the other side of the derivative. Nevertheless, some risk remains, as there is no assurance that the clearing organization, or its members, will satisfy its obligations to a Fund. Leverage Risk The Leveraged Funds may utilize leverage in seeking to achieve their respective investment objectives and will lose more money in market environments adverse to their respective daily investment objectives than funds that do not employ leverage. The use of leveraged and/or inverse leveraged positions could result in the total loss of an investor’s investment, even over periods as short as a single day. For example, because the UltraShort Funds and Ultra Funds (except for the Ultra VIX Short-Term Futures ETF which includes a one and one-half times multiplier) include a two times the inverse (-2x), or a two times (2x) multiplier, a single-day movement in the relevant benchmark approaching 50% at any point in the day could result in the total loss or almost total loss of an investor’s investment if that movement is contrary to the investment objective of the Fund in which an investor has invested, even if such Fund’s benchmark subsequently moves in an opposite direction, eliminating all or a portion of the movement. For UltraPro Fund and UltraPro Short Fund, because the Funds include a three times (3x) or three times the inverse (-3x) multiplier, a single day movement in the benchmark approaching 33% at any point in the day could result in the total loss or almost total loss of an investor’s investment if that movement is contrary to the investment objective of the Fund in which an investor has invested, even if the benchmark subsequently moves in an opposite direction, eliminating all or a portion of the movement. This would be the case with downward single-day or intraday movements in the underlying benchmark of an Ultra Fund and UltraPro Fund or upward single-day or intraday movements in the benchmark of an UltraShort Fund and UltraPro Short Fund, even if the underlying benchmark maintains a level greater than zero at all times. Liquidity Risk Financial Instruments cannot always be liquidated at the desired price. It is difficult to execute a trade at a specific price when there is a relatively small volume of buy and sell orders in a market. A market disruption can also make it difficult to liquidate a position or find a swap or forward contract counterparty at a reasonable cost. Market illiquidity may cause losses for the Funds. The large size of the positions which the Funds may acquire increases the risk of illiquidity by both making their positions more difficult to liquidate and increasing the losses incurred while trying to do so. Any type of disruption or illiquidity will potentially be exacerbated due to the fact that the Funds will typically invest in Financial Instruments related to one benchmark, which in many cases is highly concentrated. “Contango” and “Backwardation” Risk In Funds that hold futures contracts, as the futures contracts near expiration, they are generally replaced by contracts that have a later expiration. Thus, for example, a contract purchased and held in November 2016 may specify a January 2017 expiration. As that contract nears expiration, it may be replaced by selling the January 2017 contract and purchasing the contract expiring in March 2017. This process is referred to as “rolling.” Rolling may have a positive or negative impact on performance. For example, historically, the prices of certain types of futures contracts have frequently been higher for contracts with shorter-term expirations than for contracts with longer-term expirations, which is referred to as “backwardation.” In these circumstances, absent other factors, the sale of the January 2017 contract would take place at a price that is higher than the price at which the March 2017 contract is purchased, thereby creating a gain in connection with rolling. While certain types of futures contracts have historically exhibited consistent periods of backwardation, backwardation will likely not exist in these markets at all times. The presence of contango (where prices of contracts are higher in the distant delivery months than in the nearer delivery months due to the costs of long-term storage of a physical commodity prior to delivery or other factors) in certain futures contracts at the time of rolling would be expected to adversely affect an Ultra Fund, an UltraPro Fund or a Matching VIX Fund that invests in such futures, and positively affect a Short Fund, an UltraShort Fund or an UltraPro Short Fund that invests in such futures. Similarly, the presence of backwardation in certain futures contracts at the time of rolling such contracts would be expected to adversely affect the Short Funds, UltraShort Funds, and UltraPro Short Funds, and positively affect the Ultra Funds, UltraPro Funds and Matching VIX Funds. Since the introduction of VIX futures contracts, there have frequently been periods where VIX futures prices reflect higher expected volatility levels further out in time. This can result in a loss from “rolling” the VIX futures to maintain the constant weighted average maturity of the applicable VIX Futures Index. Losses from exchanging a lower priced VIX future for a higher priced longer-term future in the rolling process would adversely affect the value of each VIX Futures Index and, accordingly, decrease the return of the Ultra VIX Short-Term Futures ETF and the Matching VIX Funds. Gold and silver have historically exhibited persistent “contango” markets rather than backwardation. Natural gas, like crude oil, moves in and out of backwardation and contango but historically has been in contango most commonly. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 9 – SUBSEQUENT EVENTS Management has evaluated the possibility of subsequent events existing in the Trust’s and the Funds’ financial statements through the date the financial statements were issued. Management has determined that there are no material events that would require disclosure in the Trust’s or the Funds’ financial statements through this date. |
Significant Accounting Polici17
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
Use of Estimates & Indemnifications | Use of Estimates & Indemnifications The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In the normal course of business, the Trust enters into contracts that contain a variety of representations which provide general indemnifications. The Trust’s maximum exposure under these arrangements cannot be known; however, the Trust expects any risk of loss to be remote. |
Basis of Presentation | Basis of Presentation Pursuant to rules and regulations of the SEC, audited financial statements are presented for the Trust as a whole, as the SEC registrant, and for each Fund individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Fund shall be enforceable only against the assets of such Fund and not against the assets of the Trust generally or any other Fund. Accordingly, the assets of one Fund of the Trust include only those funds and other assets that are paid to, held by or distributed to the Trust for the purchase of Shares in that Fund. |
Statement of Cash Flows | Statement of Cash Flows The cash amount shown in the Statements of Cash Flows is the amount reported as cash in the Statement of Financial Condition dated March 31, 2018, and represents cash, segregated cash balances with brokers for futures contracts, segregated cash with brokers for swap agreements, segregated cash with brokers for forward agreements, and segregated cash with brokers for foreign currency forward agreements but does not include short-term investments. |
Final Net Asset Value for Fiscal Period | Final Net Asset Value for Fiscal Period The cut-off times and the times of the calculation of the Funds’ final net asset value for creation and redemption of fund Shares for the three months ended March 31, 2018 were as follows. All times are Eastern Standard Time: Create/Redeem Cut-off* NAV Calculation Time NAV Calculation Date UltraShort Silver, Ultra Silver 6:30 a.m. 7:00 a.m. March 29, 2018 UltraShort Gold, Ultra Gold 9:30 a.m. 10:00 a.m. March 29, 2018 UltraShort Bloomberg Crude Oil, Ultra Bloomberg Crude Oil, UltraPro 3x Short Crude Oil ETF, UltraPro 3x Crude Oil ETF 2:00 p.m. 2:30 p.m. March 29, 2018 UltraShort Bloomberg Natural Gas, Ultra Bloomberg Natural Gas 2:00 p.m. 2:30 p.m. March 29, 2018 UltraShort Australian Dollar 3:00 p.m. 4:00 p.m. March 29, 2018 Short Euro UltraShort Euro, Ultra Euro 3:00 p.m. 4:00 p.m. March 29, 2018 UltraShort Yen, Ultra Yen 3:00 p.m. 4:00 p.m. March 29, 2018 VIX Short-Term Futures ETF, Ultra VIX Short-Term Futures ETF, Short VIX Short-Term Futures ETF 2:00 p.m. 4:15 p.m. March 29, 2018 VIX Mid-Term Futures ETF 2:00 p.m. 4:15 p.m. March 29, 2018 * Although the Funds’ shares may continue to trade on secondary markets subsequent to the calculation of the final NAV, these times represent the final opportunity to transact in creation or redemption units for the three months ended March 31, 2018. Market value per Share is determined at the close of the NYSE Arca and may be later than when the Funds’ NAV per Share is calculated. For financial reporting purposes, the Funds value transactions based upon the final closing price in their primary markets. Accordingly, the investment valuations in these financial statements may differ from those used in the calculation of certain of the Funds’ final creation/redemption NAV for the three months ended March 31, 2018. |
Investment Valuation | Investment Valuation Short-term investments are valued at amortized cost which approximates fair value for daily NAV purposes. For financial reporting purposes, short-term investments are valued at their market price using information provided by a third-party pricing service or market quotations. In each of these situations, valuations are typically categorized as Level I in the fair value hierarchy. Derivatives ( e.g. Fair value pricing may require subjective determinations about the value of an investment. While the Funds’ policies are intended to result in a calculation of its respective Fund’s NAV that fairly reflects investment values as of the time of pricing, such Fund cannot ensure that fair values determined by the Sponsor or persons acting at their direction would accurately reflect the price that a Fund could obtain for an investment if it were to dispose of that investment as of the time of pricing (for instance, in a forced or distressed sale). The prices used by such Fund may differ from the value that would be realized if the investments were sold and the differences could be material to the financial statements. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The disclosure requirements establish a fair value hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Funds (observable inputs); and (2) the Funds’ own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the disclosure requirements hierarchy are as follows: Level I – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level II – Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level II assets include the following: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). Level III – Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest input level that is significant to the fair value measurement in its entirety. Fair value measurements also require additional disclosure when the volume and level of activity for the asset or liability have significantly decreased, as well as when circumstances indicate that a transaction is not orderly. The following table summarizes the valuation of investments at March 31, 2018 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Short Euro $ 5,989,804 $ 70,931 $ — $ — $ — $ 6,060,735 Short VIX Short-Term Futures ETF 237,745,084 (36,760,956 ) — — — 200,984,128 Ultra Bloomberg Crude Oil 389,408,580 10,767,950 — — 24,872,652 425,049,182 Ultra Bloomberg Natural Gas 32,966,685 2,251,369 — — — 35,218,054 Ultra Euro 7,993,805 — — (218,067 ) — 7,775,738 Ultra Gold 94,809,555 (440 ) (1,368,417 ) — — 93,440,698 Ultra Silver 227,622,182 (3,970 ) (10,109,148 ) — — 217,509,064 Ultra VIX Short-Term Futures ETF 125,853,064 34,183,694 — — (1,193,326 ) 158,843,432 Ultra Yen 998,614 — — (46,625 ) — 951,989 UltraPro 3x Crude Oil ETF — 3,003,955 — — — 3,003,955 UltraPro 3x Short Crude Oil ETF — (3,735,138 ) — — — (3,735,138 ) UltraShort Australian Dollar 4,990,788 298,160 — — — 5,288,948 UltraShort Bloomberg Crude Oil 214,661,693 (4,689,834 ) — — (14,598,025 ) 195,373,834 UltraShort Bloomberg Natural Gas 2,999,900 (165,045 ) — — — 2,834,855 UltraShort Euro 179,764,007 — — 3,742,360 — 183,506,367 UltraShort Gold 27,977,621 440 411,780 — — 28,389,841 UltraShort Silver 17,974,591 3,920 981,543 — — 18,960,054 UltraShort Yen 84,902,317 — — 1,111,166 — 86,013,483 VIX Mid-Term Futures ETF 9,989,367 2,702,285 — — — 12,691,652 VIX Short-Term Futures ETF 47,988,100 9,248,749 — — — 57,236,849 Total Trust $ 1,714,635,757 $ 17,176,070 $ (10,084,242 ) $ 4,588,834 $ 9,081,301 $ 1,735,397,720 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures. At March 31, 2018, there were no Level III portfolio investments for which significant unobservable inputs were used to determine fair value. The Funds’ policy is to recognize transfers between valuation levels at the end of the reporting period. At March 31, 2018, there were no significant transfers in or out of Level I and Level II fair value measurements. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. The following table summarizes the valuation of investments at December 31, 2017 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Short Euro $ 6,996,235 $ (166,288 ) $ — $ — $ — $ 6,829,947 Short VIX Short-Term Futures ETF 494,910,644 17,041,449 — — — 511,952,093 Ultra Bloomberg Crude Oil 459,515,902 11,945,979 — — 62,238,361 533,700,242 Ultra Bloomberg Natural Gas 50,961,356 7,225,810 — — — 58,187,166 Ultra Euro 6,996,235 — — 264,152 — 7,260,387 Ultra Gold 88,884,844 5,480 3,646,355 — — 92,536,679 Ultra Silver 235,581,716 1,600 21,735,334 — — 257,318,650 Ultra VIX Short-Term Futures ETF 287,533,132 (34,466,120 ) — — — 253,067,012 Ultra Yen 1,997,933 — — (34,824 ) — 1,963,109 UltraPro 3x Crude Oil ETF — 1,417,998 — — — 1,417,998 UltraPro 3x Short Crude Oil ETF — (2,988,155 ) — — — (2,988,155 ) UltraShort Australian Dollar 11,983,904 (893,220 ) — — — 11,090,684 UltraShort Bloomberg Crude Oil 253,646,823 (3,962,648 ) — — (30,607,142 ) 219,077,033 UltraShort Bloomberg Natural Gas 3,999,751 (1,097,049 ) — — — 2,902,702 UltraShort Euro 204,770,166 — — (6,344,269 ) — 198,425,897 UltraShort Gold 31,977,900 (5,460 ) (1,488,259 ) — — 30,484,181 UltraShort Silver 18,349,861 (1,650 ) (1,716,163 ) — — 16,632,048 UltraShort Yen 131,834,352 — — 1,527,263 — 133,361,615 VIX Mid-Term Futures ETF 20,993,515 (2,215,280 ) — — — 18,778,235 VIX Short-Term Futures ETF 134,845,604 (4,761,877 ) — — — 130,083,727 Total Trust $ 2,445,779,873 $ (12,919,431 ) $ 22,177,267 $ (4,587,678 ) $ 31,631,219 $ 2,482,081,250 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures. At December 31, 2017, there were no Level III portfolio investments for which significant unobservable inputs were used to determine fair value. The Funds’ policy is to recognize transfers between valuation levels at the end of the reporting period. At December 31, 2017, there were no significant transfers in or out of Level I and Level II fair value measurements. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. |
Investment Transactions and Related Income | Investment Transactions and Related Income Investment transactions are recorded on the trade date. All such transactions are recorded on the identified cost basis and marked to market daily. Unrealized appreciation/depreciation on open contracts are reflected in the Statements of Financial Condition and changes in the unrealized appreciation/depreciation between periods are reflected in the Statements of Operations. Discounts on short-term securities purchased are amortized and reflected as Interest Income in the Statements of Operations. |
Brokerage Commissions and Fees | Brokerage Commissions and Fees Each Fund pays its respective brokerage commissions, including applicable exchange fees, National Futures Association (“NFA”) fees, give-up fees, pit brokerage fees and other transaction related fees and expenses charged in connection with trading activities for each Fund’s investment in U.S. Commodity Futures Trading Commission (“CFTC”) regulated investments. The effects of trading spreads, financing costs/fees associated with Financial Instruments, and costs relating to the purchase of U.S. Treasury securities or similar high credit quality short-term fixed-income would also be borne by the Funds. Brokerage commissions on futures contracts are recognized on a half-turn basis (e.g., the first half is recognized when the contract is purchased (opened) and the second half is recognized when the transaction is closed). The Sponsor is currently paying brokerage commissions on VIX futures contracts for the Matching VIX Funds that exceed variable create/redeem fees collected by more than 0.02% of the Matching VIX Fund’s average net assets annually. |
Federal Income Tax | Federal Income Tax Each Fund is registered as a series of a Delaware statutory trust and is treated as a partnership for U.S. federal income tax purposes. Accordingly, no Fund expects to incur U.S. federal income tax liability; rather, each beneficial owner of a Fund’s Shares is required to take into account its allocable share of its Fund’s income, gain, loss, deductions and other items for its Fund’s taxable year ending with or within the beneficial owner’s taxable year. Management of the Funds has reviewed all open tax years and major jurisdictions ( i.e. |
New Accounting Pronouncements | New Accounting Pronouncements In November 2016, the FASB issued Accounting Standards Update No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”), which amends ASC 230 to provide guidance on the classification and presentation of changes in restricted cash and restricted cash equivalents on the statement of cash flows. The ASU has been adopted for the current reporting period under the retrospective transition method. The adoption had no significant impact to the Statement of Cash Flows. |
Organization (Tables)
Organization (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of Share Splits and Reverse Share Splits | The table below includes Share splits and reverse Share splits for the Funds during the year ended December 31, 2017 and during three months ended March 31, 2018. The ticker symbols for these Funds did not change, and each Fund continues to trade on the NYSE Arca. Fund Execution Date (Prior to Opening of Trading) Type of Split Date Trading Resumed at Post- Split Price ProShares UltraShort Bloomberg Crude Oil January 11, 2017 2-for-1 Share split January 12, 2017 ProShares Ultra Bloomberg Crude Oil January 11, 2017 1-for-2 reverse Share split January 12, 2017 ProShares Ultra VIX Short-Term Futures ETF January 11, 2017 1-for-5 reverse Share split January 12, 2017 ProShares Short VIX Short-Term Futures ETF July 12, 2017 2-for-1 Share split July 17, 2017 ProShares VIX Short-Term Futures ETF July 14, 2017 1-for-4 reverse Share split July 17, 2017 ProShares Ultra VIX Short-Term Futures ETF July 14, 2017 1-for-4 reverse Share split July 17, 2017 ProShares Ultra Bloomberg Natural Gas March 19, 2018 1-for-5 reverse Share split March 20, 2018 ProShares UltraPro 3x Short Crude Oil ETF March 19, 2018 1-for-4 reverse Share split March 20, 2018 |
Significant Accounting Polici19
Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
Cut-off Times and Times of Calculation of Funds' Final Net Asset Value for Creation and Redemption of Fund Shares | The cut-off times and the times of the calculation of the Funds’ final net asset value for creation and redemption of fund Shares for the three months ended March 31, 2018 were as follows. All times are Eastern Standard Time: Create/Redeem Cut-off* NAV Calculation Time NAV Calculation Date UltraShort Silver, Ultra Silver 6:30 a.m. 7:00 a.m. March 29, 2018 UltraShort Gold, Ultra Gold 9:30 a.m. 10:00 a.m. March 29, 2018 UltraShort Bloomberg Crude Oil, Ultra Bloomberg Crude Oil, UltraPro 3x Short Crude Oil ETF, UltraPro 3x Crude Oil ETF 2:00 p.m. 2:30 p.m. March 29, 2018 UltraShort Bloomberg Natural Gas, Ultra Bloomberg Natural Gas 2:00 p.m. 2:30 p.m. March 29, 2018 UltraShort Australian Dollar 3:00 p.m. 4:00 p.m. March 29, 2018 Short Euro UltraShort Euro, Ultra Euro 3:00 p.m. 4:00 p.m. March 29, 2018 UltraShort Yen, Ultra Yen 3:00 p.m. 4:00 p.m. March 29, 2018 VIX Short-Term Futures ETF, Ultra VIX Short-Term Futures ETF, Short VIX Short-Term Futures ETF 2:00 p.m. 4:15 p.m. March 29, 2018 VIX Mid-Term Futures ETF 2:00 p.m. 4:15 p.m. March 29, 2018 * Although the Funds’ shares may continue to trade on secondary markets subsequent to the calculation of the final NAV, these times represent the final opportunity to transact in creation or redemption units for the three months ended March 31, 2018. |
Valuation of Investments using Fair Value Hierarchy | The following table summarizes the valuation of investments at March 31, 2018 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Short Euro $ 5,989,804 $ 70,931 $ — $ — $ — $ 6,060,735 Short VIX Short-Term Futures ETF 237,745,084 (36,760,956 ) — — — 200,984,128 Ultra Bloomberg Crude Oil 389,408,580 10,767,950 — — 24,872,652 425,049,182 Ultra Bloomberg Natural Gas 32,966,685 2,251,369 — — — 35,218,054 Ultra Euro 7,993,805 — — (218,067 ) — 7,775,738 Ultra Gold 94,809,555 (440 ) (1,368,417 ) — — 93,440,698 Ultra Silver 227,622,182 (3,970 ) (10,109,148 ) — — 217,509,064 Ultra VIX Short-Term Futures ETF 125,853,064 34,183,694 — — (1,193,326 ) 158,843,432 Ultra Yen 998,614 — — (46,625 ) — 951,989 UltraPro 3x Crude Oil ETF — 3,003,955 — — — 3,003,955 UltraPro 3x Short Crude Oil ETF — (3,735,138 ) — — — (3,735,138 ) UltraShort Australian Dollar 4,990,788 298,160 — — — 5,288,948 UltraShort Bloomberg Crude Oil 214,661,693 (4,689,834 ) — — (14,598,025 ) 195,373,834 UltraShort Bloomberg Natural Gas 2,999,900 (165,045 ) — — — 2,834,855 UltraShort Euro 179,764,007 — — 3,742,360 — 183,506,367 UltraShort Gold 27,977,621 440 411,780 — — 28,389,841 UltraShort Silver 17,974,591 3,920 981,543 — — 18,960,054 UltraShort Yen 84,902,317 — — 1,111,166 — 86,013,483 VIX Mid-Term Futures ETF 9,989,367 2,702,285 — — — 12,691,652 VIX Short-Term Futures ETF 47,988,100 9,248,749 — — — 57,236,849 Total Trust $ 1,714,635,757 $ 17,176,070 $ (10,084,242 ) $ 4,588,834 $ 9,081,301 $ 1,735,397,720 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures. At March 31, 2018, there were no Level III portfolio investments for which significant unobservable inputs were used to determine fair value. The Funds’ policy is to recognize transfers between valuation levels at the end of the reporting period. At March 31, 2018, there were no significant transfers in or out of Level I and Level II fair value measurements. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. The following table summarizes the valuation of investments at December 31, 2017 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Short Euro $ 6,996,235 $ (166,288 ) $ — $ — $ — $ 6,829,947 Short VIX Short-Term Futures ETF 494,910,644 17,041,449 — — — 511,952,093 Ultra Bloomberg Crude Oil 459,515,902 11,945,979 — — 62,238,361 533,700,242 Ultra Bloomberg Natural Gas 50,961,356 7,225,810 — — — 58,187,166 Ultra Euro 6,996,235 — — 264,152 — 7,260,387 Ultra Gold 88,884,844 5,480 3,646,355 — — 92,536,679 Ultra Silver 235,581,716 1,600 21,735,334 — — 257,318,650 Ultra VIX Short-Term Futures ETF 287,533,132 (34,466,120 ) — — — 253,067,012 Ultra Yen 1,997,933 — — (34,824 ) — 1,963,109 UltraPro 3x Crude Oil ETF — 1,417,998 — — — 1,417,998 UltraPro 3x Short Crude Oil ETF — (2,988,155 ) — — — (2,988,155 ) UltraShort Australian Dollar 11,983,904 (893,220 ) — — — 11,090,684 UltraShort Bloomberg Crude Oil 253,646,823 (3,962,648 ) — — (30,607,142 ) 219,077,033 UltraShort Bloomberg Natural Gas 3,999,751 (1,097,049 ) — — — 2,902,702 UltraShort Euro 204,770,166 — — (6,344,269 ) — 198,425,897 UltraShort Gold 31,977,900 (5,460 ) (1,488,259 ) — — 30,484,181 UltraShort Silver 18,349,861 (1,650 ) (1,716,163 ) — — 16,632,048 UltraShort Yen 131,834,352 — — 1,527,263 — 133,361,615 VIX Mid-Term Futures ETF 20,993,515 (2,215,280 ) — — — 18,778,235 VIX Short-Term Futures ETF 134,845,604 (4,761,877 ) — — — 130,083,727 Total Trust $ 2,445,779,873 $ (12,919,431 ) $ 22,177,267 $ (4,587,678 ) $ 31,631,219 $ 2,482,081,250 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures. |
Investments (Tables)
Investments (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Fair Value of Derivative Instruments | The following tables indicate the location of derivative related items on the Statement of Financial Condition as well as the effect of derivative instruments on the Statement of Operations during the reporting period. Fair Value of Derivative Instruments as of March 31, 2018 Assets Derivatives Liability Derivatives Derivatives Not Statements of Statements of Accounted for Financial Financial as Hedging Condition Unrealized Condition Unrealized Instruments Location Fund Appreciation Location Fund Depreciation VIX Futures Contracts Receivables on open futures contracts, unrealized appreciation on swap agreements ProShares Ultra VIX Short-Term Futures ETF $ 36,234,091 * Payable on open futures contracts, unrealized depreciation on swap agreements ProShares Short VIX Short-Term Futures ETF $ 36,760,956 * ProShares VIX Mid-Term Futures ETF 2,702,285 * ProShares Ultra VIX Short-Term Futures ETF 3,243,723 * ProShares VIX Short-Term Futures ETF 9,248,749 * Commodities Contracts Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements ProShares Ultra Bloomberg Crude Oil 35,640,602 * Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements ProShares UltraPro 3x Short Crude Oil ETF 3,735,138 * ProShares Ultra Bloomberg Natural Gas 2,251,369 * ProShares Ultra Gold 1,368,857 * ProShares UltraPro 3x Crude Oil ETF 3,003,955 * ProShares Ultra Silver 10,113,118 * ProShares UltraShort Gold 412,220 * ProShares UltraShort Bloomberg Crude Oil 19,287,859 * ProShares UltraShort Silver 985,463 * ProShares UltraShort Bloomberg Natural Gas 165,045 * Foreign Exchange Contracts Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts ProShares Short Euro 70,931 * Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts ProShares Ultra Euro 218,599 ProShares Ultra Euro 532 ProShares Ultra Yen 46,625 ProShares UltraShort Australian Dollar 298,160 * ProShares UltraShort Euro 239,257 ProShares UltraShort Euro 3,981,617 ProShares UltraShort Yen 103,009 ProShares UltraShort Yen 1,214,175 Total Trust $ 96,044,149 * Total Trust $ 75,282,186 * * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures contracts. Fair Value of Derivative Instruments as of December 31, 2017 Assets Derivatives Liability Derivatives Derivatives Not Statements of Statements of Accounted for Financial Financial as Hedging Condition Unrealized Condition Unrealized Instruments Location Fund Appreciation Location Fund Depreciation VIX Futures Contracts Receivables on open futures contracts ProShares Short VIX Short-Term Futures ETF $ 21,493,549 * Payable on open futures contracts ProShares Short VIX Short-Term Futures ETF $ 4,452,100 * ProShares Ultra VIX Short-Term Futures ETF 3,974,642 * ProShares Ultra VIX Short-Term Futures ETF 38,440,762 * ProShares VIX Short-Term Futures ETF 709,708 * ProShares VIX Mid-Term Futures ETF 2,215,280 * ProShares VIX Short-Term Futures ETF 5,471,585 * Commodities Contracts Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements ProShares Ultra Bloomberg Crude Oil 74,184,340 * Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements ProShares UltraPro 3x Short Crude Oil ETF 2,988,155 * ProShares Ultra Bloomberg Natural Gas 7,225,810 * ProShares UltraShort Bloomberg Crude Oil 34,569,790 * ProShares Ultra Gold 3,651,835 * ProShares UltraShort Bloomberg Natural Gas 1,097,049 * ProShares Ultra Silver 21,736,934 * ProShares UltraShort Gold 1,493,719 * ProShares UltraPro 3x Crude Oil ETF 1,417,998 * ProShares UltraShort Silver 1,717,813 * Foreign Exchange Contracts Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts ProShares Ultra Euro 321,609 Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts ProShares Short Euro 166,288 * ProShares UltraShort Euro 449,302 ProShares Ultra Euro 57,457 ProShares UltraShort Yen 1,568,997 ProShares Ultra Yen 34,824 ProShares UltraShort Australian Dollar 893,220 * ProShares UltraShort Euro 6,793,571 ProShares UltraShort Yen 41,734 Total Trust $ 136,734,724 * Total Trust $ 100,433,347 * * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures contracts. |
Effect of Derivative Instruments on Statements of Operations | The Effect of Derivative Instruments on the Statements of Operations For the three months ended March 31, 2018 Derivatives Not Accounted for as Hedging Instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Recognized in Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income VIX Futures Contracts Net realized gain (loss) on futures contracts/ changes in unrealized appreciation/ depreciation on futures contracts ProShares Short VIX Short-Term Futures ETF $ (1,883,525,731 ) $ (53,802,405 ) ProShares Ultra VIX Short-Term Futures ETF 416,609,780 67,456,488 ProShares VIX Mid-Term Futures ETF 3,720,436 4,917,565 ProShares VIX Short-Term Futures ETF 77,276,980 14,010,626 Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares Ultra Bloomberg Crude Oil 112,517,891 (38,543,738 ) ProShares Ultra Bloomberg Natural Gas 1,134,812 (4,974,441 ) ProShares Ultra Gold 8,655,275 (5,020,692 ) ProShares Ultra Silver 12,801,743 (31,850,052 ) ProShares UltraPro 3x Crude Oil ETF 1,620,825 1,585,957 ProShares UltraPro 3x Short Crude Oil ETF (4,675,967 ) (746,983 ) ProShares UltraShort Bloomberg Crude Oil (48,096,150 ) 15,281,931 ProShares UltraShort Bloomberg Natural Gas 746,971 932,004 ProShares UltraShort Gold (3,269,875 ) 1,905,939 ProShares UltraShort Silver (1,596,841 ) 2,703,276 Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro (379,586 ) 237,219 ProShares Ultra Euro 800,513 (482,219 ) ProShares Ultra Yen 322,550 (11,801 ) ProShares UltraShort Australian Dollar (1,119,990 ) 1,191,380 ProShares UltraShort Euro (18,923,242 ) 10,086,629 ProShares UltraShort Yen (11,252,403 ) (416,097 ) Total Trust $ (1,336,632,009 ) $ (15,539,414 ) The Effect of Derivative Instruments on the Statements of Operations For the three months ended March 31, 2017 Derivatives Not Accounted for as Hedging Instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Recognized in Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income VIX Futures Contracts Net realized gain (loss) on futures contracts/ changes in unrealized appreciation/ depreciation on futures contracts ProShares Short VIX Short-Term Futures ETF $ 99,893,092 $ 29,160,974 ProShares Ultra VIX Short-Term Futures ETF (365,515,188 ) (28,593,655 ) ProShares VIX Mid-Term Futures ETF (8,167,318 ) (3,264,135 ) ProShares VIX Short-Term Futures ETF (65,227,857 ) (6,856,808 ) Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares Ultra Bloomberg Crude Oil (412,087 ) (147,865,307 ) ProShares Ultra Bloomberg Natural Gas (14,377,716 ) 900,424 ProShares Ultra Gold 9,447,490 6,400,357 ProShares Ultra Silver 30,201,888 27,281,603 ProShares UltraPro 3x Crude Oil ETF (959 ) 850,582 ProShares UltraPro 3x Short Crude Oil ETF (105,766 ) (661,506 ) ProShares UltraShort Bloomberg Crude Oil (1,149,867 ) 39,939,834 ProShares UltraShort Bloomberg Natural Gas 1,858,381 (665,754 ) ProShares UltraShort Gold (4,871,160 ) (4,210,682 ) ProShares UltraShort Silver (2,857,261 ) (1,882,809 ) Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro 82,257 (252,663 ) ProShares Ultra Euro (628,668 ) 894,328 ProShares Ultra Yen (81,511 ) 589,704 ProShares UltraShort Australian Dollar (532,227 ) (1,432,614 ) ProShares UltraShort Euro 15,679,619 (24,060,957 ) ProShares UltraShort Yen (271,234 ) (26,634,964 ) Total Trust $ (307,036,092 ) $ (140,364,048 ) |
Offsetting of Financial Assets and Liabilities | The following table presents each Fund’s derivatives by investment type and by counterparty net of amounts available for offset under a master netting agreement and the related collateral received or pledged by the Funds as of March 31, 2018. Fair Values of Derivative Instruments as of March 31, 2018 Assets Liabilities Gross Gross Amounts of Amounts of Recognized Gross Net Amounts of Recognized Gross Net Amounts of Assets Amounts Assets Liabilities Amounts Liabilities presented in Offset in the presented in presented in Offset in the presented in the Statements the Statements the Statements the Statements Statements the Statements of Financial of Financial of Financial of Financial of Financial of Financial Condition Condition Condition Condition Condition Condition ProShares Ultra Bloomberg Crude Oil Swap agreements $ 24,872,652 $ — $ 24,872,652 $ — $ — $ — ProShares Ultra Euro Foreign currency forward contracts 532 — 532 218,599 — 218,599 ProShares Ultra Gold Forward agreements — — — 1,368,417 — 1,368,417 ProShares Ultra Silver Forward agreements — — — 10,109,148 — 10,109,148 ProShares Ultra VIX Short-Term Futures ETF Swap agreements 2,050,397 — 2,050,397 3,243,723 — 3,243,723 ProShares Ultra Yen Foreign currency forward contracts — — — 46,625 — 46,625 ProShares UltraShort Bloomberg Crude Oil Swap agreements — — — 14,598,025 — 14,598,025 ProShares UltraShort Euro Foreign currency forward contracts 3,981,617 — 3,981,617 239,257 — 239,257 ProShares UltraShort Gold Forward agreements 411,780 — 411,780 — — — ProShares UltraShort Silver Forward agreements 981,543 — 981,543 — — — ProShares UltraShort Yen Foreign currency forward contracts 1,214,175 — 1,214,175 103,009 — 103,009 The following table presents each Fund’s derivatives by investment type and by counterparty net of amounts available for offset under a master netting agreement and the related collateral received or pledged by the Funds as of December 31, 2017: Fair Values of Derivative Instruments as of December 31, 2017 Assets Liabilities Gross Gross Amounts of Amounts of Recognized Gross Net Amounts of Recognized Gross Net Amounts of Assets Amounts Assets Liabilities Amounts Liabilities presented in Offset in the presented in presented in Offset in the presented in the Statements the Statements the Statements the Statements Statements the Statements of Financial of Financial of Financial of Financial of Financial of Financial Condition Condition Condition Condition Condition Condition ProShares Ultra Bloomberg Crude Oil Swap agreements $ 62,238,361 $ — $ 62,238,361 $ — $ — $ — ProShares Ultra Euro Foreign currency forward contracts 321,609 — 321,609 57,457 — 57,457 ProShares Ultra Gold Forward agreements 3,646,355 — 3,646,355 — — — ProShares Ultra Silver Forward agreements 21,735,334 — 21,735,334 — — — ProShares Ultra Yen Foreign currency forward contracts — — — 34,824 — 34,824 ProShares UltraShort Bloomberg Crude Oil Swap agreements — — — 30,607,142 — 30,607,142 ProShares UltraShort Euro Foreign currency forward contracts 449,302 — 449,302 6,793,571 — 6,793,571 ProShares UltraShort Gold Forward agreements — — — 1,488,259 — 1,488,259 ProShares UltraShort Silver Forward agreements — — — 1,716,163 — 1,716,163 ProShares UltraShort Yen Foreign currency forward contracts 1,568,997 — 1,568,997 41,734 — 41,734 |
Gross Amounts Not Offset in Statements of Financial Condition | Asset (Liability) amounts shown in the table below represent amounts owed to (by) the Funds for the derivative-related investments at March 31, 2018. These amounts may be collateralized by cash or financial instruments, segregated for the benefit of the Funds or the counterparties, depending on whether the related contracts are in an appreciated or depreciated position at period end. Amounts shown in the column labeled “Net Amount” represent the uncollateralized portions of these amounts at period end. These amounts may be un-collateralized due to timing differences related to market movements or due to minimum thresholds for collateral movement, as further described above under the caption “Accounting for Derivative Instruments”. Gross Amounts Not Offset in the Statements of Financial Condition as of March 31, 2018 Amounts of Recognized Assets / (Liabilities) presented in the Statements of Financial Condition Financial Instruments for the Benefit of (the Funds) / the Counterparties Cash Collateral for the Benefit of (the Funds) / the Counterparties Net Amount ProShares Ultra Bloomberg Crude Oil Citibank N.A. $ 7,042,924 $ — $ — $ 7,042,924 Goldman Sachs International 7,454,750 (6,097,671 ) — 1,357,079 Societe Generale S.A. 3,306,542 (2,789,044 ) — 517,498 UBS AG 7,068,436 (5,649,698 ) — 1,418,738 ProShares Ultra Euro Goldman Sachs International (104,905 ) 22,905 82,000 — UBS AG (113,162 ) — 113,162 — ProShares Ultra Gold Citibank N.A. (492,775 ) 492,775 — — Goldman Sachs International (415,609 ) 415,609 — — Societe Generale S.A. (124,446 ) 124,446 — — UBS AG (335,587 ) 335,587 — — ProShares Ultra Silver Citibank N.A. (3,377,838 ) 3,377,838 — — Goldman Sachs International (2,770,026 ) — 2,770,026 — Societe Generale (1,197,274 ) 1,197,274 — — UBS AG (2,764,010 ) 2,764,010 — — ProShares Ultra VIX Short-Term Futures ETF Deutsche Bank 2,050,397 — (2,050,397 ) — Goldman Sachs International (3,243,723 ) — 3,243,723 — ProShares Ultra Yen Goldman Sachs International (23,437 ) — 23,437 — UBS AG (23,188 ) — 23,188 — ProShares UltraShort Bloomberg Crude Oil Citibank N.A. (5,450,062 ) 5,450,062 — — Goldman Sachs International (3,439,171 ) 3,439,171 — — Societe Generale S.A. (1,717,946 ) 1,717,946 — — UBS AG (3,990,846 ) 2,294,346 1,696,500 — ProShares UltraShort Euro Goldman Sachs International 1,751,009 (1,751,009 ) — — UBS AG 1,991,351 (1,991,351 ) — — ProShares UltraShort Gold Citibank N.A. 136,085 — — 136,085 Goldman Sachs International 107,211 — — 107,211 Societe Generale S.A. 42,275 — — 42,275 UBS AG 126,209 — — 126,209 ProShares UltraShort Silver Citibank N.A. 349,648 — — 349,648 Goldman Sachs International 275,540 (267,024 ) — 8,516 Societe Generale S.A. 55,384 — — 55,384 UBS AG 300,971 — — 300,971 ProShares UltraShort Yen Goldman Sachs International 495,654 (313,734 ) — 181,920 UBS AG 615,512 (615,512 ) — — Asset (Liability) amounts shown in the table below represent amounts owed to (by) the Funds for the derivative-related investments at December 31, 2017. These amounts may be collateralized by cash or financial instruments, segregated for the benefit of the Funds or the counterparties, depending on whether the related contracts are in an appreciated or depreciated position at period end. Amounts shown in the column labeled “Net Amount” represent the uncollateralized portions of these amounts at period end. These amounts may be un-collateralized due to timing differences related to market movements or due to minimum thresholds for collateral movement, as further described above under the caption “Accounting for Derivative Instruments”. Gross Amounts Not Offset in the Statements of Financial Condition as of December 31, 2017 Amounts of Recognized Assets / (Liabilities) presented in the Statements of Financial Condition Financial Instruments for the Benefit of (the Funds) / the Counterparties Cash Collateral for the Benefit of (the Funds) / the Counterparties Net Amount ProShares Ultra Bloomberg Crude Oil Citibank N.A. $ 19,815,892 $ — $ — $ 19,815,892 Goldman Sachs International 16,654,031 (14,861,090 ) — 1,792,941 Societe Generale S.A. 9,003,519 (8,525,505 ) — 478,014 UBS AG 16,764,919 (15,477,566 ) — 1,287,353 ProShares Ultra Euro Goldman Sachs International 102,424 — — 102,424 UBS AG 161,728 — — 161,728 ProShares Ultra Gold Citibank N.A. 1,513,310 — — 1,513,310 Goldman Sachs International 969,501 (967,678 ) (1,823 ) — Societe Generale S.A. 218,319 — — 218,319 UBS AG 945,225 (945,225 ) — — ProShares Ultra Silver Citibank N.A. 7,201,744 — — 7,201,744 Goldman Sachs International 5,873,080 (4,903,696 ) — 969,384 Societe Generale S.A. 2,761,817 (2,516,153 ) — 245,664 UBS AG 5,898,693 (4,930,596 ) — 968,097 ProShares Ultra Yen Goldman Sachs International (17,410 ) 17,410 — — UBS AG (17,414 ) 17,414 — — ProShares UltraShort Bloomberg Crude Oil Citibank N.A. (10,173,164 ) 10,173,164 — — Goldman Sachs International (9,242,398 ) 9,242,398 — — Societe Generale S.A. (1,904,113 ) 1,904,113 — — UBS AG (9,287,467 ) 9,287,467 — — ProShares UltraShort Euro Goldman Sachs International (3,297,612 ) 259,612 3,038,000 — UBS AG (3,046,657 ) 3,046,657 — — ProShares UltraShort Gold Citibank N.A. (554,559 ) 554,559 — — Goldman Sachs International (428,358 ) 428,358 — — Societe Generale S.A. (126,928 ) 126,928 — — UBS AG (378,414 ) 378,414 — — ProShares UltraShort Silver Citibank N.A. (632,593 ) 632,593 — — Goldman Sachs International (486,240 ) — 486,240 — Societe Generale S.A. (115,305 ) 115,305 — — UBS AG (482,025 ) 482,025 — — ProShares UltraShort Yen Goldman Sachs International 821,317 (810,030 ) — 11,287 UBS AG 705,946 — (705,946 ) — |
Creation and Redemption of Cr21
Creation and Redemption of Creation Units (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Text Block [Abstract] | |
Schedule of Transaction Fees | Transaction fees for the three months ended March 31, 2018 which are included in the Addition and/or Redemption of Shares on the Statements of Changes in Shareholders’ Equity, were as follows: Fund Three Months Ended Short Euro $ — Short VIX Short-Term Futures ETF 440,480 Ultra Bloomberg Crude Oil 63,602 Ultra Bloomberg Natural Gas 5,803 Ultra Euro — Ultra Gold 4,166 Ultra Silver 5,267 Ultra VIX Short-Term Futures ETF 654,427 Ultra Yen — UltraPro 3x Crude Oil ETF 4,795 UltraPro 3x Short Crude Oil ETF 12,046 UltraShort Australian Dollar — UltraShort Bloomberg Crude Oil 37,931 UltraShort Bloomberg Natural Gas 2,110 UltraShort Euro — UltraShort Gold 5,915 UltraShort Silver — UltraShort Yen — VIX Mid-Term Futures ETF 9,933 VIX Short-Term Futures ETF 67,306 Total Trust $ 1,313,781 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Quarterly Financial Information Disclosure [Abstract] | |
Per Share Operating Performance | Selected data for a Share outstanding throughout the three months ended March 31, 2018: For the Three Months Ended March 31, 2018 (unaudited) Per Share Operating Performance Short Euro Short VIX Short-Term Ultra Ultra Ultra Euro Ultra Gold Net asset value, at December 31, 2017 $ 39.96 $ 127.30 $ 23.66 $ 32.64 $ 17.44 $ 39.88 Net investment income (loss) 0.00 (1) (0.04 ) 0.02 0.00 (1) 0.00 (1) 0.04 Net realized and unrealized gain (loss)# (0.71 ) (115.67 ) 3.80 (5.16 ) 0.66 1.52 Change in net asset value from operations (0.71 ) (115.71 ) 3.82 (5.16 ) 0.66 1.56 Net asset value, at March 31, 2018 $ 39.25 $ 11.59 $ 27.48 $ 27.48 $ 18.10 $ 41.44 Market value per share, at December 31, 2017† $ 39.99 $ 128.21 $ 23.44 $ 32.50 $ 17.46 $ 40.67 Market value per share, at March 31, 2018† $ 39.04 $ 11.74 $ 27.50 $ 27.53 $ 18.09 $ 41.55 Total Return, at net asset value^ (1.8 )% (90.9 )% 16.1 % (15.8 )% 3.8 % 3.9 % Total Return, at market value^ (2.4 )% (90.8 )% 17.3 % (15.3 )% 3.6 % 2.2 % Ratios to Average Net Assets** Expense ratio 0.96 % 1.55 % 0.97 % 1.17 % 0.95 % 0.95 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) 0.05 % (0.77 )% 0.30 % 0.07 % 0.06 % 0.37 % * See Note 1 of these Notes to Financial Statements. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2018. ** Percentages are annualized. (1) Amount represents less than $0.005. For the Three Months Ended March 31, 2018 (unaudited) Per Share Operating Performance Ultra Silver Ultra VIX Short-Term Ultra Yen UltraPro 3x UltraPro 3x UltraShort Net asset value, at December 31, 2017 $ 33.55 $ 10.33 $ 57.32 $ 37.78 $ 42.32 $ 45.67 Net investment income (loss) 0.03 (0.04 ) (0.06 ) (0.11 ) (0.10 ) 0.00 (1) Net realized and unrealized gain (loss)# (2.75 ) 8.71 6.22 8.63 (11.42 ) 1.42 Change in net asset value from operations (2.72 ) 8.67 6.16 8.52 (11.52 ) 1.42 Net asset value, at March 31, 2018 $ 30.83 $ 19.00 $ 63.48 $ 46.30 $ 30.80 $ 47.09 Market value per share, at December 31, 2017† $ 33.85 $ 10.21 $ 57.45 $ 37.23 $ 42.88 $ 45.72 Market value per share, at March 31, 2018† $ 31.09 $ 18.53 $ 63.49 $ 46.33 $ 30.77 $ 47.18 Total Return, at net asset value^ (8.1 )% 83.9 % 10.7 % 22.6 % (27.2 )% 3.1 % Total Return, at market value^ (8.2 )% 81.5 % 10.5 % 24.4 % (28.2 )% 3.2 % Ratios to Average Net Assets** Expense ratio 0.95 % 1.95 % 0.95 % 1.14 % 1.21 % 1.02 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) 0.36 % (1.20 )% (0.40 )% (1.06 )% (1.14 )% 0.01 % * See Note 1 of these Notes to Financial Statements. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2018. ** Percentages are annualized. (1) Amount represents less than $0.005. For the Three Months Ended March 31, 2018 (unaudited) Per Share Operating Performance UltraShort UltraShort UltraShort UltraShort UltraShort UltraShort Yen Net asset value, at December 31, 2017 $ 24.31 $ 39.48 $ 21.21 $ 70.47 $ 31.71 $ 74.93 Net investment income (loss) 0.02 (0.06 ) 0.02 0.05 0.02 0.06 Net realized and unrealized gain (loss)# (4.37 ) 3.46 (0.90 ) (3.38 ) 2.20 (7.79 ) Change in net asset value from operations (4.35 ) 3.40 (0.88 ) (3.33 ) 2.22 (7.73 ) Net asset value, at March 31, 2018 $ 19.96 $ 42.88 $ 20.33 $ 67.14 $ 33.93 $ 67.20 Market value per share, at December 31, 2017† $ 24.56 $ 39.65 $ 21.20 $ 69.11 $ 31.40 $ 74.98 Market value per share, at March 31, 2018† $ 19.95 $ 42.83 $ 20.32 $ 66.98 $ 33.54 $ 67.14 Total Return, at net asset value^ (17.9 )% 8.6 % (4.1 )% (4.7 )% 7.0 % (10.3 )% Total Return, at market value^ (18.8 )% 8.0 % (4.2 )% (3.1 )% 6.8 % (10.5 )% Ratios to Average Net Assets** Expense ratio 0.97 % 1.42 % 0.95 % 0.95 % 0.95 % 0.95 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) 0.34 % (0.55 )% 0.36 % 0.31 % 0.28 % 0.33 % # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2018. ** Percentages are annualized. For the Three Months Ended March 31, 2018 (unaudited) Per Share Operating Performance VIX Mid-Term VIX Short-Term Net asset value, at December 31, 2017 $ 21.29 $ 23.34 Net investment income (loss) (0.00 ) (1) (0.01 ) Net realized and unrealized gain (loss)# 5.32 16.43 Change in net asset value from operations 5.32 16.42 Net asset value, at March 31, 2018 $ 26.61 $ 39.76 Market value per share, at December 31, 2017† $ 21.15 $ 23.15 Market value per share, at March 31, 2018† $ 26.45 $ 39.15 Total Return, at net asset value^ 25.0 % 70.4 % Total Return, at market value^ 25.1 % 69.1 % Ratios to Average Net Assets** Expense ratio 1.02 % 1.09 % Expense ratio, excluding brokerage commissions 0.85 % 0.85 % Net investment income (loss) (0.07 )% (0.16 )% # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2018. ** Percentages are annualized. (1) Amount represents less than $0.005. Selected data for a Share outstanding throughout the three months ended March 31, 2017: For the Three Months Ended March 31, 2017 (unaudited) Per Share Operating Performance Short Euro Short VIX Short-Term Ultra Bloomberg Ultra Bloomberg Ultra Euro Ultra Gold Net asset value, at December 31, 2016 $ 45.06 $ 45.62 $ 23.34 $ 94.24 $ 14.02 $ 32.90 Net investment income (loss) (0.06 ) (0.18 ) (0.02 ) (0.12 ) (0.02 ) (0.04 ) Net realized and unrealized gain (loss)# (0.49 ) 25.10 (4.36 ) (32.76 ) 0.24 5.47 Change in net asset value from operations (0.55 ) 24.92 (4.38 ) (32.88 ) 0.22 5.43 Net asset value, at March 31, 2017 $ 44.51 $ 70.54 $ 18.96 $ 61.36 $ 14.24 $ 38.33 Market value per share, at December 31, 2016† $ 45.12 $ 45.49 $ 23.36 $ 94.80 $ 14.09 $ 33.20 Market value per share, at March 31, 2017† $ 44.29 $ 70.58 $ 19.02 $ 61.35 $ 14.27 $ 38.45 Total Return, at net asset value^ (1.2 )% 54.7 % (18.8 )% (34.9 )% 1.6 % 16.5 % Total Return, at market value^ (1.8 )% 55.1 % (18.6 )% (35.3 )% 1.3 % 15.8 % Ratios to Average Net Assets** Expense ratio 0.97 % 1.61 % 0.97 % 1.14 % 0.95 % 0.95 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) (0.56 )% (1.16 )% (0.46 )% (0.75 )% (0.48 )% (0.47 )% * See Note 1 of these Notes to Financial Statements. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2017. ** Percentages are annualized. For the Three Months Ended March 31, 2017 (unaudited) Per Share Operating Performance Ultra Silver Ultra VIX Short-Term Ultra Yen UltraPro 3x UltraPro 3x UltraShort Net asset value, at December 31, 2016 $ 33.44 $ 173.93 $ 55.43 $ 25.00 $ 100.00 $ 55.38 Net investment income (loss) (0.04 ) (0.30 ) (0.09 ) (0.01 ) (0.04 ) (0.08 ) Net realized and unrealized gain (loss)# 7.20 (108.86 ) 5.08 4.25 (15.33 ) (6.55 ) Change in net asset value from operations 7.16 (109.16 ) 4.99 4.24 (15.37 ) (6.63 ) Net asset value, at March 31, 2017 $ 40.60 $ 64.77 $ 60.42 $ 29.24 $ 84.63 $ 48.75 Market value per share, at December 31, 2016† $ 32.09 $ 175.00 $ 55.52 $ 25.00 $ 100.00 $ 55.24 Market value per share, at March 31, 2017† $ 41.23 $ 64.68 $ 60.19 $ 29.42 $ 84.28 $ 49.00 Total Return, at net asset value^ 21.4 % (62.8 )% 9.0 % 17.0 % (15.4 )% (12.0 )% Total Return, at market value^ 28.5 % (63.0 )% 8.4 % 17.7 % (15.7 )% (11.3 )% Ratios to Average Net Assets** Expense ratio 0.95 % 1.74 % 0.95 % 1.83 % 1.98 % 1.02 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) (0.46 )% (1.36 )% (0.65 )% (1.83 )% (1.98 )% (0.63 )% * See Note 1 of these Notes to Financial Statements. + From commencement of operations, March 24, 2017 through March 31, 2017. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2017. For ProShares UltraPro 3x Crude Oil ETF and ProShares UltraPro 3x Short Crude Oil ETF, the returns of shares outstanding for the period from commencement of operations through March 31, 2017 are calculated based on the initial offering price upon commencement of operations of $25.00 and $100.00, respectively. ** Percentages are annualized. For the Three Months Ended March 31, 2017 (unaudited) Per Share Operating Performance UltraShort UltraShort UltraShort Euro UltraShort Gold UltraShort Silver UltraShort Yen Net asset value, at December 31, 2016 $ 31.70 $ 23.10 $ 27.08 $ 91.33 $ 37.31 $ 80.24 Net investment income (loss) (0.04 ) (0.08 ) (0.03 ) (0.09 ) (0.04 ) (0.09 ) Net realized and unrealized gain (loss)# 5.04 6.22 (0.63 ) (14.84 ) (7.89 ) (7.60 ) Change in net asset value from operations 5.00 6.14 (0.66 ) (14.93 ) (7.93 ) (7.69 ) Net asset value, at March 31, 2017 $ 36.70 $ 29.24 $ 26.42 $ 76.40 $ 29.38 $ 72.55 Market value per share, at December 31, 2016† $ 31.65 $ 23.05 $ 27.08 $ 90.54 $ 38.76 $ 80.25 Market value per share, at March 31, 2017† $ 36.57 $ 29.25 $ 26.39 $ 75.93 $ 28.90 $ 72.50 Total Return, at net asset value^ 15.8 % 26.6 % (2.5 )% (16.3 )% (21.3 )% (9.6 )% Total Return, at market value^ 15.5 % 26.9 % (2.5 )% (16.1 )% (25.4 )% (9.7 )% Ratios to Average Net Assets** Expense ratio 0.97 % 1.29 % 0.95 % 0.95 % 0.95 % 0.95 % Expense ratio, excluding brokerage commissions 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % 0.95 % Net investment income (loss) (0.52 )% (0.99 )% (0.46 )% (0.45 )% (0.49 )% (0.47 )% * See Note 1 of these Notes to Financial Statements. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2017. ** Percentages are annualized. For the Three Months Ended March 31, 2017 (unaudited) Per Share Operating Performance VIX Mid-Term Futures ETF VIX Short-Term Net asset value, at December 31, 2016 $ 42.14 $ 84.86 Net investment income (loss) (0.04 ) (0.08 ) Net realized and unrealized gain (loss)# (10.20 ) (32.07 ) Change in net asset value from operations (10.24 ) (32.15 ) Net asset value, at March 31, 2017 $ 31.90 $ 52.71 Market value per share, at December 31, 2016† $ 42.34 $ 85.04 Market value per share, at March 31, 2017† $ 31.95 $ 52.68 Total Return, at net asset value^ (24.3 )% (37.9 )% Total Return, at market value^ (24.5 )% (38.1 )% Ratios to Average Net Assets** Expense ratio 0.89 % 0.94 % Expense ratio, excluding brokerage commissions 0.85 % 0.85 % Net investment income (loss) (0.44 )% (0.51 )% * See Note 1 of these Notes to Financial Statements. # 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 New York Stock Exchange, which may be later than when the Funds’ net asset value is calculated. ^ Percentages are not annualized for the period ended March 31, 2017. ** Percentages are annualized. |
Schedule of Investments - Short
Schedule of Investments - Short-Term U.S. Government and Agency Obligations (Detail) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 | |
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | $ 1,714,635,757 | $ 2,445,779,873 | |
ProShares Short Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 5,989,804 | 6,996,235 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 1.536% due 05/10/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [1] | 6,000,000 | |
Total short-term U.S. government and agency obligations, value | [1] | 5,989,804 | |
ProShares Short VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 237,745,084 | 494,910,644 | |
ProShares Short VIX Short-Term Futures ETF [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [1] | 76,000,000 | |
Total short-term U.S. government and agency obligations, value | [1] | 75,997,467 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 1.672% due 04/19/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [1] | 62,000,000 | |
Total short-term U.S. government and agency obligations, value | [1] | 61,951,987 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 1.677% due 05/17/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [1] | 100,000,000 | |
Total short-term U.S. government and agency obligations, value | [1] | 99,795,630 | |
ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 389,408,580 | 459,515,902 | |
ProShares Ultra Bloomberg Crude Oil [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 50,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 49,998,333 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.354% due 04/05/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 26,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 25,996,459 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.336% due 04/12/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 50,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 49,977,015 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.511% due 04/26/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 70,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 69,925,569 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.536% due 05/10/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 60,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 59,898,036 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.594% due 05/24/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 53,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 52,874,830 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.724% due 06/07/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 30,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 29,908,974 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.738% due 06/14/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 51,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 50,829,364 | |
ProShares Ultra Bloomberg Natural Gas [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 32,966,685 | 50,961,356 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 1.400% due 04/26/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 2,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 1,997,873 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 1.677% due 05/17/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 15,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 14,969,345 | |
ProShares Ultra Bloomberg Natural Gas [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 16,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 15,999,467 | |
ProShares Ultra Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 7,993,805 | 6,996,235 | |
ProShares Ultra Euro [Member] | U.S. Treasury Bills 1.521% due 04/19/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[4] | 8,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[4] | 7,993,805 | |
ProShares Ultra Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 94,809,555 | 88,884,844 | |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 1.354% due 04/05/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 9,998,638 | |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 1.536% due 04/26/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 9,989,367 | |
ProShares Ultra Gold [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 15,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 14,999,500 | |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 1.594% due 05/24/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 20,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 19,952,766 | |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 1.724% due 06/07/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 9,969,658 | |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 1.738% due 06/14/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 30,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 29,899,626 | |
ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 227,622,182 | 235,581,716 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 1.292% due 04/05/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 50,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 49,993,190 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 1.336% due 04/12/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 5,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 4,997,701 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 1.536% due 04/26/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 13,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 12,986,177 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 1.451% due 05/03/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 30,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 29,958,408 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 1.536% due 05/10/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 16,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 15,972,810 | |
ProShares Ultra Silver [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 15,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 14,999,500 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 1.677% due 05/17/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 13,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 12,973,432 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 1.594% due 05/24/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 26,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 25,938,596 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 1.724% due 06/07/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 9,969,658 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 1.738% due 06/14/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 50,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 49,832,710 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 125,853,064 | 287,533,132 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 55,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 54,998,167 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 1.677% due 05/17/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 71,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 70,854,897 | |
ProShares Ultra Yen [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 998,614 | 1,997,933 | |
ProShares Ultra Yen [Member] | U.S. Treasury Bills 1.451% due 05/03/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 1,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 998,614 | |
ProShares UltraShort Australian Dollar [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 4,990,788 | 11,983,904 | |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 1.405% due 04/26/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 2,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 1,997,873 | |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 1.594% due 05/24/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 3,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 2,992,915 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 214,661,693 | 253,646,823 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 40,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 39,998,667 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.354% due 04/05/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 14,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 13,998,093 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.336% due 04/12/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 21,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 20,990,346 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.536% due 04/26/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 2,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 1,997,873 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.451% due 05/03/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 20,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 19,972,272 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.536% due 05/10/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 29,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 28,950,717 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.594% due 05/24/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 46,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 45,891,362 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.724% due 06/07/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 20,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 19,939,316 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 1.738% due 06/14/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 23,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 22,923,047 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 2,999,900 | 3,999,751 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 3,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 2,999,900 | |
ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 179,764,007 | 204,770,166 | |
ProShares UltraShort Euro [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 15,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 14,999,500 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 1.354% due 04/05/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[4] | 45,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[4] | 44,993,871 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 1.521% due 04/19/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 9,992,256 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 1.536% due 04/26/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[4] | 12,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[4] | 11,987,240 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 1.451% due 05/03/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[4] | 12,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[4] | 11,983,363 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 1.536% due 05/10/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 36,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[4] | 35,938,822 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 1.677% due 05/17/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 9,979,563 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 1.594% due 05/24/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 16,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 15,962,213 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 1.724% due 06/07/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[4] | 24,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[4] | 23,927,179 | |
ProShares UltraShort Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 27,977,621 | 31,977,900 | |
ProShares UltraShort Gold [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 17,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 16,999,433 | |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 1.451% due 05/03/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 2,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 1,997,227 | |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 1.677% due 05/17/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 7,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 6,985,694 | |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 1.724% due 06/07/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 1,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 996,966 | |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 1.416% due 05/10/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [2],[3] | 1,000,000 | |
Total short-term U.S. government and agency obligations, value | [2],[3] | 998,301 | |
ProShares UltraShort Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 17,974,591 | 18,349,861 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 1.354% due 04/05/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 2,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 1,999,727 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 1.536% due 04/26/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 7,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 6,992,557 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 1.451% due 05/03/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[5] | 3,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[5] | 2,995,841 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 1.677% due 05/17/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 2,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 1,995,913 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 1.594% due 05/24/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 4,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 3,990,553 | |
ProShares UltraShort Yen [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 84,902,317 | 131,834,352 | |
ProShares UltraShort Yen [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 9,999,667 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 1.354% due 04/05/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[4] | 30,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[4] | 29,995,914 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 1.536% due 05/10/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[4] | 25,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[4] | 24,957,515 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 1.677% due 05/17/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 9,979,563 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 1.724% due 06/07/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3],[4] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3],[4] | 9,969,658 | |
ProShares VIX Mid-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 9,989,367 | 20,993,515 | |
ProShares VIX Mid-Term Futures ETF [Member] | U.S. Treasury Bills 1.405% due 04/26/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 9,989,367 | |
ProShares VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, value | 47,988,100 | $ 134,845,604 | |
ProShares VIX Short-Term Futures ETF [Member] | Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 38,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | 37,998,733 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 1.405% due 04/26/18 [Member] | |||
Schedule of Investments [Line Items] | |||
Principal Amount | [3] | 10,000,000 | |
Total short-term U.S. government and agency obligations, value | [3] | $ 9,989,367 | |
[1] | Rates shown represents discount rate at the time of purchase. | ||
[2] | All or partial amount pledged as collateral for swap agreements. | ||
[3] | Rates shown represent discount rate at the time of purchase. | ||
[4] | All or partial amount pledged as collateral for foreign currency forward contracts. | ||
[5] | All or partial amount pledged as collateral for forward agreements. |
Schedule of Investments - Sho24
Schedule of Investments - Short-Term U.S. Government and Agency Obligations (Parenthetical) (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2018 | Dec. 31, 2017 | ||
Schedule of Investments [Line Items] | |||
Total short-term U.S. government and agency obligations, cost | $ 1,714,584,249 | $ 2,445,970,899 | |
ProShares Short Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 76.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 5,990,049 | 6,996,595 | |
ProShares Short VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 34.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 237,731,973 | 494,962,509 | |
ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 95.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 389,399,948 | 459,543,053 | |
ProShares Ultra Bloomberg Natural Gas [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 84.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 32,965,473 | 50,963,586 | |
ProShares Ultra Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 80.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 7,993,930 | 6,996,595 | |
ProShares Ultra Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 99.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 94,801,873 | 88,890,367 | |
ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 103.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 227,612,933 | 235,605,469 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 39.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 125,846,434 | 287,546,397 | |
ProShares Ultra Yen [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 31.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 998,715 | 1,998,216 | |
ProShares UltraShort Australian Dollar [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 71.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 4,991,033 | 11,984,898 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 107.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 214,658,663 | 253,669,155 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 56.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 2,999,900 | 3,999,667 | |
ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 96.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 179,761,730 | 204,788,208 | |
ProShares UltraShort Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 93.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 27,977,178 | 31,979,626 | |
ProShares UltraShort Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 86.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 17,974,764 | 18,352,808 | |
ProShares UltraShort Yen [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 97.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 84,900,364 | 131,844,652 | |
ProShares VIX Mid-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 40.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 9,990,278 | 20,993,328 | |
ProShares VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 43.00% | ||
Total short-term U.S. government and agency obligations, cost | $ 47,989,011 | $ 134,855,770 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [1] | 1.20% | |
Debt instrument, maturity date | [1] | Apr. 2, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.20% | |
Debt instrument, maturity date | [2],[3] | Apr. 2, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.20% | |
Debt instrument, maturity date | [3] | Apr. 2, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.20% | |
Debt instrument, maturity date | [3] | Apr. 2, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.20% | |
Debt instrument, maturity date | [3] | Apr. 2, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares UltraShort Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.20% | |
Debt instrument, maturity date | [3] | Apr. 12, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares UltraShort Yen [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.20% | |
Debt instrument, maturity date | [3] | Apr. 2, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.20% | |
Debt instrument, maturity date | [3] | Apr. 2, 2018 | |
U.S. Treasury Bills 1.672% due 04/19/18 [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [1] | 1.672% | |
Debt instrument, maturity date | [1] | Apr. 19, 2018 | |
U.S. Treasury Bills 1.677% due 05/17/18 [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [1] | 1.677% | |
Debt instrument, maturity date | [1] | May 17, 2018 | |
U.S. Treasury Bills 1.354% due 04/05/18 [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.354% | |
Debt instrument, maturity date | [2],[3] | Apr. 5, 2018 | |
U.S. Treasury Bills 1.354% due 04/05/18 [Member] | ProShares Ultra Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.354% | |
Debt instrument, maturity date | [3],[4] | Apr. 5, 2018 | |
U.S. Treasury Bills 1.354% due 04/05/18 [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.354% | |
Debt instrument, maturity date | [2],[3] | Apr. 5, 2018 | |
U.S. Treasury Bills 1.354% due 04/05/18 [Member] | ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[5] | 1.354% | |
Debt instrument, maturity date | [3],[5] | Apr. 5, 2018 | |
U.S. Treasury Bills 1.354% due 04/05/18 [Member] | ProShares UltraShort Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.354% | |
Debt instrument, maturity date | [3],[4] | Apr. 5, 2018 | |
U.S. Treasury Bills 1.354% due 04/05/18 [Member] | ProShares UltraShort Yen [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[5] | 1.354% | |
Debt instrument, maturity date | [3],[5] | Apr. 5, 2018 | |
U.S. Treasury Bills 1.521% due 04/19/18 [Member] | ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.521% | |
Debt instrument, maturity date | [3] | Apr. 19, 2018 | |
U.S. Treasury Bills 1.292% due 04/05/18 [Member] | ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.292% | |
Debt instrument, maturity date | [3],[4] | Apr. 5, 2018 | |
U.S. Treasury Bills 1.336% due 04/12/18 [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.336% | |
Debt instrument, maturity date | [2],[3] | Apr. 12, 2018 | |
U.S. Treasury Bills 1.336% due 04/12/18 [Member] | ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.336% | |
Debt instrument, maturity date | [3] | Apr. 12, 2018 | |
U.S. Treasury Bills 1.336% due 04/12/18 [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.336% | |
Debt instrument, maturity date | [2],[3] | Apr. 12, 2018 | |
U.S. Treasury Bills 1.511% due 04/26/18 [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.511% | |
Debt instrument, maturity date | [2],[3] | Apr. 26, 2018 | |
U.S. Treasury Bills 1.536% due 04/26/18 [Member] | ProShares Ultra Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.536% | |
Debt instrument, maturity date | [3],[4] | Apr. 26, 2018 | |
U.S. Treasury Bills 1.536% due 04/26/18 [Member] | ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.536% | |
Debt instrument, maturity date | [3],[4] | Apr. 26, 2018 | |
U.S. Treasury Bills 1.536% due 04/26/18 [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.536% | |
Debt instrument, maturity date | [3] | Apr. 26, 2018 | |
U.S. Treasury Bills 1.536% due 04/26/18 [Member] | ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[5] | 1.536% | |
Debt instrument, maturity date | [3],[5] | Apr. 26, 2018 | |
U.S. Treasury Bills 1.536% due 04/26/18 [Member] | ProShares UltraShort Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.536% | |
Debt instrument, maturity date | [3],[4] | Apr. 26, 2018 | |
U.S. Treasury Bills 1.451% due 05/03/18 [Member] | ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.451% | |
Debt instrument, maturity date | [3],[4] | May 3, 2018 | |
U.S. Treasury Bills 1.451% due 05/03/18 [Member] | ProShares Ultra Yen [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.451% | |
Debt instrument, maturity date | [3] | May 3, 2018 | |
U.S. Treasury Bills 1.451% due 05/03/18 [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.451% | |
Debt instrument, maturity date | [2],[3] | May 3, 2018 | |
U.S. Treasury Bills 1.451% due 05/03/18 [Member] | ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[5] | 1.451% | |
Debt instrument, maturity date | [3],[5] | May 3, 2018 | |
U.S. Treasury Bills 1.451% due 05/03/18 [Member] | ProShares UltraShort Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.451% | |
Debt instrument, maturity date | [2],[3] | May 3, 2018 | |
U.S. Treasury Bills 1.451% due 05/03/18 [Member] | ProShares UltraShort Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.451% | |
Debt instrument, maturity date | [3],[4] | May 3, 2018 | |
U.S. Treasury Bills 1.536% due 05/10/18 [Member] | ProShares Short Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [1] | 1.536% | |
Debt instrument, maturity date | [1] | May 10, 2018 | |
U.S. Treasury Bills 1.536% due 05/10/18 [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.536% | |
Debt instrument, maturity date | [2],[3] | May 10, 2018 | |
U.S. Treasury Bills 1.536% due 05/10/18 [Member] | ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.536% | |
Debt instrument, maturity date | [3],[4] | May 10, 2018 | |
U.S. Treasury Bills 1.536% due 05/10/18 [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.536% | |
Debt instrument, maturity date | [2],[3] | May 10, 2018 | |
U.S. Treasury Bills 1.536% due 05/10/18 [Member] | ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.536% | |
Debt instrument, maturity date | [3] | May 10, 2018 | |
U.S. Treasury Bills 1.536% due 05/10/18 [Member] | ProShares UltraShort Yen [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[5] | 1.536% | |
Debt instrument, maturity date | [3],[5] | May 10, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares Ultra Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.20% | |
Debt instrument, maturity date | [3] | Apr. 2, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.20% | |
Debt instrument, maturity date | [3] | Apr. 2, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.20% | |
Debt instrument, maturity date | [3] | Feb. 4, 2018 | |
U.S. Treasury Bills 1.400% due 04/26/18 [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.40% | |
Debt instrument, maturity date | [3] | Apr. 26, 2018 | |
U.S. Treasury Bills 1.677% due 05/17/18 [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.677% | |
Debt instrument, maturity date | [3] | May 17, 2018 | |
U.S. Treasury Bills 1.677% due 05/17/18 [Member] | ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.677% | |
Debt instrument, maturity date | [3] | May 17, 2018 | |
U.S. Treasury Bills 1.677% due 05/17/18 [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.677% | |
Debt instrument, maturity date | [2],[3] | May 17, 2018 | |
U.S. Treasury Bills 1.677% due 05/17/18 [Member] | ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.677% | |
Debt instrument, maturity date | [3] | May 17, 2018 | |
U.S. Treasury Bills 1.677% due 05/17/18 [Member] | ProShares UltraShort Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.677% | |
Debt instrument, maturity date | [2],[3] | May 17, 2018 | |
U.S. Treasury Bills 1.677% due 05/17/18 [Member] | ProShares UltraShort Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.677% | |
Debt instrument, maturity date | [3] | May 17, 2018 | |
U.S. Treasury Bills 1.677% due 05/17/18 [Member] | ProShares UltraShort Yen [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.677% | |
Debt instrument, maturity date | [3] | May 17, 2018 | |
U.S. Treasury Bills 1.405% due 04/26/18 [Member] | ProShares UltraShort Australian Dollar [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.405% | |
Debt instrument, maturity date | [3] | Apr. 26, 2018 | |
U.S. Treasury Bills 1.405% due 04/26/18 [Member] | ProShares VIX Mid-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.405% | |
Debt instrument, maturity date | [3] | Apr. 26, 2018 | |
U.S. Treasury Bills 1.405% due 04/26/18 [Member] | ProShares VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.405% | |
Debt instrument, maturity date | [3] | Apr. 26, 2018 | |
U.S. Treasury Bills 1.594% due 05/24/18 [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.594% | |
Debt instrument, maturity date | [3] | May 24, 2018 | |
U.S. Treasury Bills 1.594% due 05/24/18 [Member] | ProShares Ultra Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.594% | |
Debt instrument, maturity date | [3] | May 24, 2018 | |
U.S. Treasury Bills 1.594% due 05/24/18 [Member] | ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.594% | |
Debt instrument, maturity date | [3] | May 24, 2018 | |
U.S. Treasury Bills 1.594% due 05/24/18 [Member] | ProShares UltraShort Australian Dollar [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.594% | |
Debt instrument, maturity date | [3] | May 24, 2018 | |
U.S. Treasury Bills 1.594% due 05/24/18 [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.594% | |
Debt instrument, maturity date | [3] | May 24, 2018 | |
U.S. Treasury Bills 1.594% due 05/24/18 [Member] | ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.594% | |
Debt instrument, maturity date | [3] | May 24, 2018 | |
U.S. Treasury Bills 1.594% due 05/24/18 [Member] | ProShares UltraShort Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.594% | |
Debt instrument, maturity date | [3] | May 24, 2018 | |
U.S. Treasury Bills 1.724% due 06/07/18 [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.724% | |
Debt instrument, maturity date | [3] | Jun. 7, 2018 | |
U.S. Treasury Bills 1.724% due 06/07/18 [Member] | ProShares Ultra Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.724% | |
Debt instrument, maturity date | [3] | Jun. 7, 2018 | |
U.S. Treasury Bills 1.724% due 06/07/18 [Member] | ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.724% | |
Debt instrument, maturity date | [3] | Jun. 7, 2018 | |
U.S. Treasury Bills 1.724% due 06/07/18 [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.724% | |
Debt instrument, maturity date | [2],[3] | Jun. 7, 2018 | |
U.S. Treasury Bills 1.724% due 06/07/18 [Member] | ProShares UltraShort Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[5] | 1.724% | |
Debt instrument, maturity date | [3],[5] | Jun. 7, 2018 | |
U.S. Treasury Bills 1.724% due 06/07/18 [Member] | ProShares UltraShort Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.724% | |
Debt instrument, maturity date | [3] | Jun. 7, 2018 | |
U.S. Treasury Bills 1.724% due 06/07/18 [Member] | ProShares UltraShort Yen [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[5] | 1.724% | |
Debt instrument, maturity date | [3],[5] | Jun. 7, 2018 | |
U.S. Treasury Bills 1.738% due 06/14/18 [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.738% | |
Debt instrument, maturity date | [2],[3] | Jun. 14, 2018 | |
U.S. Treasury Bills 1.738% due 06/14/18 [Member] | ProShares Ultra Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.738% | |
Debt instrument, maturity date | [3],[4] | Jun. 4, 2018 | |
U.S. Treasury Bills 1.738% due 06/14/18 [Member] | ProShares Ultra Silver [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[4] | 1.738% | |
Debt instrument, maturity date | [3],[4] | Jun. 14, 2018 | |
U.S. Treasury Bills 1.738% due 06/14/18 [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.738% | |
Debt instrument, maturity date | [2],[3] | Jun. 14, 2018 | |
Federal Home Loan Discount Notes 1.200% due 04/02/18 [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3] | 1.20% | |
Debt instrument, maturity date | [3] | Apr. 2, 2018 | |
U.S. Treasury Bills 1.521% due 04/19/18 [Member] | ProShares Ultra Euro [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [3],[5] | 1.521% | |
Debt instrument, maturity date | [3],[5] | Apr. 19, 2018 | |
U.S. Treasury Bills 1.416% due 05/10/18 [Member] | ProShares UltraShort Gold [Member] | |||
Schedule of Investments [Line Items] | |||
Short-term U.S. government and agency obligations percentage of shareholders' equity | [2],[3] | 1.416% | |
Debt instrument, maturity date | [2],[3] | May 10, 2018 | |
[1] | Rates shown represents discount rate at the time of purchase. | ||
[2] | All or partial amount pledged as collateral for swap agreements. | ||
[3] | Rates shown represent discount rate at the time of purchase. | ||
[4] | All or partial amount pledged as collateral for forward agreements. | ||
[5] | All or partial amount pledged as collateral for foreign currency forward contracts. |
Schedule of Investments - Futur
Schedule of Investments - Futures Contracts Sold (Detail) | 3 Months Ended | |
Mar. 31, 2018USD ($)Contract | ||
ProShares Short Euro [Member] | Futures Contracts Sold [Member] | Euro Fx Currency Futures - CME Expires June 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 51 | |
Notional Amount at Value | $ 7,878,544 | |
Unrealized Appreciation (Depreciation) | 70,931 | |
ProShares Short VIX Short-Term Futures ETF [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (36,760,956) | |
ProShares Short VIX Short-Term Futures ETF [Member] | Futures Contracts Sold [Member] | VIX Futures - CBOE, Expires April 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 11,205 | |
Notional Amount at Value | $ 221,578,875 | |
Unrealized Appreciation (Depreciation) | $ (33,863,059) | |
ProShares Short VIX Short-Term Futures ETF [Member] | Futures Contracts Sold [Member] | VIX Futures - CBOE, Expires May 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 6,525 | |
Notional Amount at Value | $ 125,443,125 | |
Unrealized Appreciation (Depreciation) | $ (2,897,897) | |
ProShares UltraPro 3X Short Crude Oil ETF [Member] | Futures Contracts Sold [Member] | Wti Crude Oil Nymex, Expires May 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 1,245 | |
Notional Amount at Value | $ 80,850,300 | |
Unrealized Appreciation (Depreciation) | $ (3,735,138) | |
ProShares UltraShort Australian Dollar [Member] | Futures Contracts Sold [Member] | Australian Dollar Fx Currency Futures Cme Expires June Two Thousand Eighteen [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 184 | |
Notional Amount at Value | $ 14,123,840 | |
Unrealized Appreciation (Depreciation) | 298,160 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (14,598,025) | [1] |
ProShares UltraShort Bloomberg Crude Oil [Member] | Futures Contracts Sold [Member] | Wti Crude Oil Nymex, Expires May 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 1,263 | |
Notional Amount at Value | $ 82,019,220 | |
Unrealized Appreciation (Depreciation) | $ (4,689,834) | |
ProShares UltraShort Bloomberg Natural Gas [Member] | Futures Contracts Sold [Member] | Natural Gas Nymex Expires May Two Thousand And Eighteen [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 392 | |
Notional Amount at Value | $ 10,713,360 | |
Unrealized Appreciation (Depreciation) | (165,045) | |
ProShares UltraShort Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 411,780 | [1] |
ProShares UltraShort Gold [Member] | Futures Contracts Sold [Member] | Gold Futures Comex Expires June Two Thousand Eighteen [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | |
Notional Amount at Value | $ 265,460 | |
Unrealized Appreciation (Depreciation) | 440 | |
ProShares UltraShort Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 981,543 | [1] |
ProShares UltraShort Silver [Member] | Futures Contracts Sold [Member] | Silver Futures Comex Expires May Two Thousand And Eighteen [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | |
Notional Amount at Value | $ 162,680 | |
Unrealized Appreciation (Depreciation) | $ 3,920 | |
[1] | The positions and counterparties herein are as of March 31, 2018. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at any time. |
Schedule of Investments - Fut26
Schedule of Investments - Futures Contracts Purchased (Detail) | 3 Months Ended | |
Mar. 31, 2018USD ($)Contract | ||
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (1,193,326) | [1] |
ProShares Ultra VIX Short-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 34,183,694 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | VIX Futures - CBOE, Expires April 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 10,838 | |
Notional Amount at Value | $ 214,321,450 | |
Unrealized Appreciation (Depreciation) | $ 30,667,661 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | VIX Futures - CBOE, Expires May 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 6,322 | |
Notional Amount at Value | $ 121,540,450 | |
Unrealized Appreciation (Depreciation) | 3,516,033 | |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 24,872,652 | [1] |
ProShares Ultra Bloomberg Crude Oil [Member] | Futures Contracts Purchased [Member] | Wti Crude Oil Nymex, Expires May 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2,391 | |
Notional Amount at Value | $ 155,271,540 | |
Unrealized Appreciation (Depreciation) | $ 10,767,950 | |
ProShares Ultra Bloomberg Natural Gas [Member] | Futures Contracts Purchased [Member] | Natural Gas Nymex Expires May Two Thousand And Eighteen [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2,872 | |
Notional Amount at Value | $ 78,491,760 | |
Unrealized Appreciation (Depreciation) | 2,251,369 | |
ProShares Ultra Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (1,368,417) | [1] |
ProShares Ultra Gold [Member] | Futures Contracts Purchased [Member] | Gold Futures Comex Expires June Two Thousand Eighteen [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | |
Notional Amount at Value | $ 265,460 | |
Unrealized Appreciation (Depreciation) | (440) | |
ProShares Ultra Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (10,109,148) | [1] |
ProShares Ultra Silver [Member] | Futures Contracts Purchased [Member] | Silver Futures Comex Expires May Two Thousand And Eighteen [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | |
Notional Amount at Value | $ 162,680 | |
Unrealized Appreciation (Depreciation) | $ (3,970) | |
ProShares UltraPro 3x Crude Oil ETF [Member] | Futures Contracts Purchased [Member] | Wti Crude Oil Nymex, Expires May 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 749 | |
Notional Amount at Value | $ 48,640,060 | |
Unrealized Appreciation (Depreciation) | 3,003,955 | |
ProShares VIX Mid-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 2,702,285 | |
ProShares VIX Mid-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | VIX Futures - CBOE, Expires July 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 276 | |
Notional Amount at Value | $ 5,244,000 | |
Unrealized Appreciation (Depreciation) | $ 1,048,620 | |
ProShares VIX Mid-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | VIX Futures CBOE Expires August Two Thousand And Eighteen [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 438 | |
Notional Amount at Value | $ 8,267,250 | |
Unrealized Appreciation (Depreciation) | $ 1,043,935 | |
ProShares VIX Mid-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | VIX Futures CBOE Expires September Two Thousand And Eighteen [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 438 | |
Notional Amount at Value | $ 8,332,950 | |
Unrealized Appreciation (Depreciation) | $ 560,680 | |
ProShares VIX Mid-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | VIX Futures CBOE Expires October Two Thousand And Eighteen [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 161 | |
Notional Amount at Value | $ 3,107,300 | |
Unrealized Appreciation (Depreciation) | 49,050 | |
ProShares VIX Short-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 9,248,749 | |
ProShares VIX Short-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | VIX Futures - CBOE, Expires April 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 3,627 | |
Notional Amount at Value | $ 71,723,925 | |
Unrealized Appreciation (Depreciation) | $ 8,592,453 | |
ProShares VIX Short-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | VIX Futures - CBOE, Expires May 2018 [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2,115 | |
Notional Amount at Value | $ 40,660,875 | |
Unrealized Appreciation (Depreciation) | $ 656,296 | |
[1] | The positions and counterparties herein are as of March 31, 2018. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at any time. |
Schedule of Investments - Total
Schedule of Investments - Total Return Swap Agreements (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2018 | Dec. 31, 2017 | ||
Schedule of Investments [Line Items] | |||
Total Unrealized Appreciation | $ 26,923,049 | $ 62,238,361 | |
ProShares Ultra Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Unrealized Appreciation (Depreciation) | [1] | 24,872,652 | |
Total Unrealized Appreciation | $ 24,872,652 | $ 62,238,361 | |
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreement with Citibank, N.A. based on Bloomberg Crude Oil Sub-Index [Member] | |||
Schedule of Investments [Line Items] | |||
Rate Paid (Received) | [1],[2] | 0.18% | |
Termination Date | [1] | Apr. 6, 2018 | |
Notional Amount at Value | [1],[3] | $ 200,208,114 | |
Unrealized Appreciation (Depreciation) | [1] | $ 7,042,924 | |
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreement with Goldman Sachs International based on Bloomberg Crude Oil Sub-Index [Member] | |||
Schedule of Investments [Line Items] | |||
Rate Paid (Received) | [1],[2] | 0.25% | |
Termination Date | [1] | Apr. 6, 2018 | |
Notional Amount at Value | [1],[3] | $ 192,610,038 | |
Unrealized Appreciation (Depreciation) | [1] | $ 7,454,750 | |
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreement with Societe Generale based on Bloomberg Crude Oil Sub-Index [Member] | |||
Schedule of Investments [Line Items] | |||
Rate Paid (Received) | [1],[2] | 0.25% | |
Termination Date | [1] | Apr. 6, 2018 | |
Notional Amount at Value | [1],[3] | $ 86,577,855 | |
Unrealized Appreciation (Depreciation) | [1] | $ 3,306,542 | |
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreement with UBS AG based on Bloomberg Crude Oil Sub-Index [Member] | |||
Schedule of Investments [Line Items] | |||
Rate Paid (Received) | [1],[2] | 0.25% | |
Termination Date | [1] | Apr. 6, 2018 | |
Notional Amount at Value | [1],[3] | $ 187,785,873 | |
Unrealized Appreciation (Depreciation) | [1] | 7,068,436 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |||
Schedule of Investments [Line Items] | |||
Unrealized Appreciation (Depreciation) | [1] | (1,193,326) | |
Total Unrealized Appreciation | [1] | 2,050,397 | |
Total Unrealized Depreciation | [1] | $ (3,243,723) | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | Swap Agreement With Deutsche Bank Based On S And P500VIX Short Term Futures Index [Member] | |||
Schedule of Investments [Line Items] | |||
Rate Paid (Received) | [1],[2] | 11.48% | |
Termination Date | [1] | Apr. 23, 2018 | |
Notional Amount at Value | [1],[3] | $ 23,853,609 | |
Unrealized Appreciation (Depreciation) | [1] | $ 2,050,397 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | Swap Agreement With Goldman Sachs Based Oni Path S And P 500 VIX Short Term Futures [Member] | |||
Schedule of Investments [Line Items] | |||
Rate Paid (Received) | [1],[2] | 2.88% | |
Termination Date | [1] | Apr. 23, 2018 | |
Notional Amount at Value | [1],[3] | $ 125,126,211 | |
Unrealized Appreciation (Depreciation) | [1] | (3,243,723) | |
ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Schedule of Investments [Line Items] | |||
Unrealized Appreciation (Depreciation) | [1] | $ (14,598,025) | |
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreement with Citibank, N.A. based on Bloomberg Crude Oil Sub-Index [Member] | |||
Schedule of Investments [Line Items] | |||
Rate Paid (Received) | [1],[2] | 0.18% | |
Termination Date | [1] | Apr. 6, 2018 | |
Notional Amount at Value | [1],[3] | $ (100,134,158) | |
Unrealized Appreciation (Depreciation) | [1] | $ (5,450,062) | |
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreement with Goldman Sachs International based on Bloomberg Crude Oil Sub-Index [Member] | |||
Schedule of Investments [Line Items] | |||
Rate Paid (Received) | [1],[2] | 0.25% | |
Termination Date | [1] | Apr. 6, 2018 | |
Notional Amount at Value | [1],[3] | $ (92,256,796) | |
Unrealized Appreciation (Depreciation) | [1] | $ (3,439,171) | |
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreement with Societe Generale based on Bloomberg Crude Oil Sub-Index [Member] | |||
Schedule of Investments [Line Items] | |||
Rate Paid (Received) | [1],[2] | 0.25% | |
Termination Date | [1] | Apr. 6, 2018 | |
Notional Amount at Value | [1],[3] | $ (37,907,759) | |
Unrealized Appreciation (Depreciation) | [1] | $ (1,717,946) | |
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreement with UBS AG based on Bloomberg Crude Oil Sub-Index [Member] | |||
Schedule of Investments [Line Items] | |||
Rate Paid (Received) | [1],[2] | 0.25% | |
Termination Date | [1] | Apr. 6, 2018 | |
Notional Amount at Value | [1],[3] | $ (88,373,131) | |
Unrealized Appreciation (Depreciation) | [1] | $ (3,990,846) | |
[1] | The positions and counterparties herein are as of March 31, 2018. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at any time. | ||
[2] | Reflects the floating financing rate, as of March 31, 2018, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. Total Return Swap Agreements payment is due at termination/maturity. | ||
[3] | For swap agreements, a positive amount represents "long" exposure to the benchmark index. A negative amount represents "short" exposure to the benchmark index. |
Schedule of Investments - Forei
Schedule of Investments - Foreign Currency Forward Contracts (Detail) | 3 Months Ended | ||||
Mar. 31, 2018USD ($) | Mar. 31, 2018JPY (¥) | Mar. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | ||
Schedule of Investments [Line Items] | |||||
Total Unrealized Appreciation | $ 26,923,049 | $ 62,238,361 | |||
ProShares Ultra Euro [Member] | |||||
Schedule of Investments [Line Items] | |||||
Total Unrealized Appreciation | 532 | ||||
Total Unrealized Depreciation | (218,599) | ||||
ProShares Ultra Euro [Member] | Contracts to Purchase [Member] | |||||
Schedule of Investments [Line Items] | |||||
Unrealized Appreciation (Depreciation) | [1] | $ (218,209) | |||
ProShares Ultra Euro [Member] | Contracts to Purchase [Member] | Euro with Goldman Sachs International [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ (105,437) | |||
ProShares Ultra Euro [Member] | Contracts to Purchase [Member] | Euro with Goldman Sachs International [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | € | [1] | € 8,112,625 | |||
ProShares Ultra Euro [Member] | Contracts to Purchase [Member] | Euro with Goldman Sachs International [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | $ 10,089,002 | |||
ProShares Ultra Euro [Member] | Contracts to Purchase [Member] | Euro with UBS AG [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ (112,772) | |||
ProShares Ultra Euro [Member] | Contracts to Purchase [Member] | Euro with UBS AG [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | € | [1] | 8,724,400 | |||
ProShares Ultra Euro [Member] | Contracts to Purchase [Member] | Euro with UBS AG [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | 10,849,200 | |||
ProShares Ultra Euro [Member] | Contracts to Sell [Member] | |||||
Schedule of Investments [Line Items] | |||||
Unrealized Appreciation (Depreciation) | [1] | $ 142 | |||
ProShares Ultra Euro [Member] | Contracts to Sell [Member] | Euro with Goldman Sachs International [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ 532 | |||
ProShares Ultra Euro [Member] | Contracts to Sell [Member] | Euro with Goldman Sachs International [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | € | [1] | (416,900) | |||
ProShares Ultra Euro [Member] | Contracts to Sell [Member] | Euro with Goldman Sachs International [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | $ (513,578) | |||
ProShares Ultra Euro [Member] | Contracts to Sell [Member] | Euro with UBS AG [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ (390) | |||
ProShares Ultra Euro [Member] | Contracts to Sell [Member] | Euro with UBS AG [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | € | [1] | (240,900) | |||
ProShares Ultra Euro [Member] | Contracts to Sell [Member] | Euro with UBS AG [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | (296,067) | |||
ProShares Ultra Yen [Member] | |||||
Schedule of Investments [Line Items] | |||||
Total Unrealized Depreciation | [1] | (46,625) | |||
ProShares Ultra Yen [Member] | Contracts to Purchase [Member] | |||||
Schedule of Investments [Line Items] | |||||
Unrealized Appreciation (Depreciation) | [1] | $ (46,559) | |||
ProShares Ultra Yen [Member] | Contracts to Purchase [Member] | Yen with Goldman Sachs International [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ (23,376) | |||
ProShares Ultra Yen [Member] | Contracts to Purchase [Member] | Yen with Goldman Sachs International [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | ¥ | [1] | ¥ 354,324,700 | |||
ProShares Ultra Yen [Member] | Contracts to Purchase [Member] | Yen with Goldman Sachs International [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | $ 3,354,156 | |||
ProShares Ultra Yen [Member] | Contracts to Purchase [Member] | Yen with UBS AG [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ (23,183) | |||
ProShares Ultra Yen [Member] | Contracts to Purchase [Member] | Yen with UBS AG [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | ¥ | [1] | 344,160,500 | |||
ProShares Ultra Yen [Member] | Contracts to Purchase [Member] | Yen with UBS AG [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | 3,258,417 | |||
ProShares Ultra Yen [Member] | Contracts to Sell [Member] | |||||
Schedule of Investments [Line Items] | |||||
Unrealized Appreciation (Depreciation) | [1] | $ (66) | |||
ProShares Ultra Yen [Member] | Contracts to Sell [Member] | Yen with Goldman Sachs International [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ (61) | |||
ProShares Ultra Yen [Member] | Contracts to Sell [Member] | Yen with Goldman Sachs International [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | ¥ | [1] | (20,860,500) | |||
ProShares Ultra Yen [Member] | Contracts to Sell [Member] | Yen with Goldman Sachs International [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | $ (196,035) | |||
ProShares Ultra Yen [Member] | Contracts to Sell [Member] | Yen with UBS AG [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ (5) | |||
ProShares Ultra Yen [Member] | Contracts to Sell [Member] | Yen with UBS AG [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | ¥ | [1] | (2,809,900) | |||
ProShares Ultra Yen [Member] | Contracts to Sell [Member] | Yen with UBS AG [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | (26,409) | |||
ProShares UltraShort Euro [Member] | Contracts to Purchase [Member] | |||||
Schedule of Investments [Line Items] | |||||
Unrealized Appreciation (Depreciation) | [1] | $ (239,257) | |||
ProShares UltraShort Euro [Member] | Contracts to Purchase [Member] | Euro with Goldman Sachs International [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Contract Amount/ Notional Amount | [1] | $ 25,638,759 | 20,692,400 | ||
Unrealized Appreciation (Depreciation) | [1] | $ (174,261) | |||
ProShares UltraShort Euro [Member] | Contracts to Purchase [Member] | Euro with UBS AG [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Contract Amount/ Notional Amount | [1] | $ 10,080,650 | 8,138,700 | ||
Unrealized Appreciation (Depreciation) | [1] | (64,996) | |||
ProShares UltraShort Euro [Member] | Contracts to Sell [Member] | |||||
Schedule of Investments [Line Items] | |||||
Unrealized Appreciation (Depreciation) | $ 3,981,617 | ||||
ProShares UltraShort Euro [Member] | Contracts to Sell [Member] | Euro with Goldman Sachs International [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | Apr. 16, 2018 | ||||
Contract Amount/ Notional Amount | $ (199,574,692) | (160,609,525) | |||
Unrealized Appreciation (Depreciation) | $ 1,925,270 | ||||
ProShares UltraShort Euro [Member] | Contracts to Sell [Member] | Euro with UBS AG [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | Apr. 16, 2018 | ||||
Contract Amount/ Notional Amount | $ (215,660,368) | € (173,574,200) | |||
Unrealized Appreciation (Depreciation) | 2,056,347 | ||||
ProShares UltraShort Yen [Member] | Contracts to Purchase [Member] | |||||
Schedule of Investments [Line Items] | |||||
Unrealized Appreciation (Depreciation) | [1] | $ (103,009) | |||
ProShares UltraShort Yen [Member] | Contracts to Purchase [Member] | Yen with Goldman Sachs International [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ (100,674) | |||
ProShares UltraShort Yen [Member] | Contracts to Purchase [Member] | Yen with Goldman Sachs International [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | ¥ | [1] | 1,468,052,600 | |||
ProShares UltraShort Yen [Member] | Contracts to Purchase [Member] | Yen with Goldman Sachs International [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | $ 13,900,901 | |||
ProShares UltraShort Yen [Member] | Contracts to Purchase [Member] | Yen with UBS AG [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ (2,335) | |||
ProShares UltraShort Yen [Member] | Contracts to Purchase [Member] | Yen with UBS AG [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | ¥ | [1] | 85,158,000 | |||
ProShares UltraShort Yen [Member] | Contracts to Purchase [Member] | Yen with UBS AG [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | 802,851 | |||
ProShares UltraShort Yen [Member] | Contracts to Sell [Member] | |||||
Schedule of Investments [Line Items] | |||||
Unrealized Appreciation (Depreciation) | [1] | $ 1,214,175 | |||
ProShares UltraShort Yen [Member] | Contracts to Sell [Member] | Yen with Goldman Sachs International [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ 596,328 | |||
ProShares UltraShort Yen [Member] | Contracts to Sell [Member] | Yen with Goldman Sachs International [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | ¥ | [1] | (10,732,727,200) | |||
ProShares UltraShort Yen [Member] | Contracts to Sell [Member] | Yen with Goldman Sachs International [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | $ (101,487,859) | |||
ProShares UltraShort Yen [Member] | Contracts to Sell [Member] | Yen with UBS AG [Member] | |||||
Schedule of Investments [Line Items] | |||||
Settlement Date | [1] | Apr. 6, 2018 | |||
Unrealized Appreciation (Depreciation) | [1] | $ 617,847 | |||
ProShares UltraShort Yen [Member] | Contracts to Sell [Member] | Yen with UBS AG [Member] | Contract Amount in Local Currency for Other than USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | ¥ | [1] | ¥ (9,404,092,000) | |||
ProShares UltraShort Yen [Member] | Contracts to Sell [Member] | Yen with UBS AG [Member] | Contract Amount in US Dollars for USD Values [Member] | |||||
Schedule of Investments [Line Items] | |||||
Contract Amount/ Notional Amount | [1] | $ (89,019,725) | |||
[1] | The positions and counterparties herein are as of March 31, 2018. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at any time. |
Schedule of Investments - Forwa
Schedule of Investments - Forward Agreements (Detail) | 3 Months Ended | |
Mar. 31, 2018USD ($) | [1] | |
ProShares Ultra Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation)/Value | $ (1,368,417) | |
ProShares Ultra Gold [Member] | Forward agreements with Citibank N.A. based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 2.45% | [2] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ 54,500 | |
Notional Amount at Value | 72,198,330 | [3] |
Unrealized Appreciation (Depreciation)/Value | $ (492,775) | |
ProShares Ultra Gold [Member] | Forward agreements with Goldman Sachs International based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 2.50% | [2] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ 40,920 | |
Notional Amount at Value | 54,205,906 | [3] |
Unrealized Appreciation (Depreciation)/Value | $ (415,609) | |
ProShares Ultra Gold [Member] | Forward agreements with Societe Generale based on 0.995 Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 2.58% | [2] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ 13,000 | |
Notional Amount at Value | 17,221,230 | [3] |
Unrealized Appreciation (Depreciation)/Value | $ (124,446) | |
ProShares Ultra Gold [Member] | Forward agreements with UBS AG based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 2.30% | [2] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ 35,300 | |
Notional Amount at Value | 46,759,086 | [3] |
Unrealized Appreciation (Depreciation)/Value | (335,587) | |
ProShares Ultra Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation)/Value | $ (10,109,148) | |
ProShares Ultra Silver [Member] | Forward agreements with Societe Generale based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 2.68% | [4] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ 3,284,000 | |
Notional Amount at Value | 53,499,972 | [5] |
Unrealized Appreciation (Depreciation)/Value | $ (1,197,274) | |
ProShares Ultra Silver [Member] | Forward agreements with Goldman Sachs International based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 2.54% | [4] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ 7,643,800 | |
Notional Amount at Value | 124,520,560 | [5] |
Unrealized Appreciation (Depreciation)/Value | $ (2,770,026) | |
ProShares Ultra Silver [Member] | Forward agreements with Citibank N.A. based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 2.50% | [4] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ 8,770,000 | |
Notional Amount at Value | 142,873,824 | [5] |
Unrealized Appreciation (Depreciation)/Value | $ (3,377,838) | |
ProShares Ultra Silver [Member] | Forward agreements with UBS AG based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 2.51% | [4] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ 7,530,000 | |
Notional Amount at Value | 122,665,206 | [5] |
Unrealized Appreciation (Depreciation)/Value | (2,764,010) | |
ProShares UltraShort Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation)/Value | $ 411,780 | |
ProShares UltraShort Gold [Member] | Forward agreements with Citibank N.A. based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | (1.95%) | [6] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ (16,100) | |
Notional Amount at Value | (21,328,314) | [7] |
Unrealized Appreciation (Depreciation)/Value | $ 136,085 | |
ProShares UltraShort Gold [Member] | Forward agreements with Goldman Sachs International based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | (1.65%) | [6] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ (13,198) | |
Notional Amount at Value | (17,483,127) | [7] |
Unrealized Appreciation (Depreciation)/Value | $ 107,211 | |
ProShares UltraShort Gold [Member] | Forward agreements with Societe Generale based on 0.995 Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | (1.68%) | [6] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ (4,800) | |
Notional Amount at Value | (6,358,608) | [7] |
Unrealized Appreciation (Depreciation)/Value | $ 42,275 | |
ProShares UltraShort Gold [Member] | Forward agreements with UBS AG based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | (1.50%) | [6] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ (11,050) | |
Notional Amount at Value | (14,637,051) | [7] |
Unrealized Appreciation (Depreciation)/Value | 126,209 | |
ProShares UltraShort Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation)/Value | $ 981,543 | |
ProShares UltraShort Silver [Member] | Forward agreements with Societe Generale based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | (1.78%) | [8] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ (156,000) | |
Notional Amount at Value | (2,541,412) | [3] |
Unrealized Appreciation (Depreciation)/Value | $ 55,384 | |
ProShares UltraShort Silver [Member] | Forward agreements with Goldman Sachs International based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | (1.69%) | [8] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ (622,500) | |
Notional Amount at Value | (10,140,774) | [3] |
Unrealized Appreciation (Depreciation)/Value | $ 275,540 | |
ProShares UltraShort Silver [Member] | Forward agreements with Citibank N.A. based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | (2.00%) | [8] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ (1,067,000) | |
Notional Amount at Value | (17,382,710) | [3] |
Unrealized Appreciation (Depreciation)/Value | $ 349,648 | |
ProShares UltraShort Silver [Member] | Forward agreements with UBS AG based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | (1.61%) | [8] |
Settlement Date | Apr. 6, 2018 | |
Commitment to (Deliver)/Receive | $ (715,000) | |
Notional Amount at Value | (11,647,493) | [3] |
Unrealized Appreciation (Depreciation)/Value | $ 300,971 | |
[1] | The positions and counterparties herein are as of March 31, 2018. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at any time. | |
[2] | Reflects the floating financing rate, as of March 31, 2018, on the notional amount of the forward agreement paid to the counterparty or received from the counterparty, excluding any commissions. Forward Agreements payment is due at termination/maturity. | |
[3] | For forward agreements, a positive amount represents "long" exposure to the underlying commodity. A negative amount represents "short" exposure to the underlying commodity. | |
[4] | Reflects the floating financing rate, as of March 31, 2018, on the notional amount of the forward agreement paid to the | |
[5] | For forward agreements, a positive amount represents "long" exposure to the underlying commodity. A negative amount | |
[6] | Reflects the floating financing rate, as of March 31, 2018, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. Total Return Swap Agreements payment is due at termination/maturity. | |
[7] | For swap agreements, a positive amount represents "long" exposure to the benchmark index. A negative amount represents "short" exposure to the benchmark index. | |
[8] | Reflects the floating financing rate, as of March 31, 2018 on the notional amount of the forward agreement paid to the counterparty or received from the counterparty, excluding any commissions. Forward Agreements payment is due at termination/maturity. |
Organization - Additional Infor
Organization - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2018USD ($)Trustshares | |
Organization [Line Items] | |
Number of series of Trust | Trust | 20 |
Number of shares of each Leveraged Fund | shares | 14 |
Aggregate purchase price of each Leveraged Fund | $ 350 |
Period for expected multiple returns | 1 day |
ProShares UltraShort Bloomberg Crude Oil [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | $ 350 |
ProShares UltraShort Gold [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares UltraShort Silver [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares UltraShort Euro [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares UltraShort Yen [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Bloomberg Crude Oil [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Gold [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Silver [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Euro [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Yen [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | $ 350 |
Organization - Schedule of Shar
Organization - Schedule of Share Splits and Reverse Share Splits (Detail) | 3 Months Ended |
Mar. 31, 2018 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | January 11, 2017 Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | Jan. 11, 2017 |
Date Trading Resumed at Post- Split Price | Jan. 12, 2017 |
Type of Split | 2-for-1 Share split |
ProShares Ultra Bloomberg Crude Oil [Member] | January 11, 2017 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | Jan. 11, 2017 |
Date Trading Resumed at Post- Split Price | Jan. 12, 2017 |
Type of Split | 1-for-2 reverse Share split |
ProShares Ultra VIX Short-Term Futures ETF [Member] | January 11, 2017 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | Jan. 11, 2017 |
Date Trading Resumed at Post- Split Price | Jan. 12, 2017 |
Type of Split | 1-for-5 reverse Share split |
ProShares Ultra VIX Short-Term Futures ETF [Member] | July 14, 2017 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | Jul. 14, 2017 |
Date Trading Resumed at Post- Split Price | Jul. 17, 2017 |
Type of Split | 1-for-4 reverse Share split |
ProShares Short VIX Short-Term Futures ETF [Member] | July 12, 2017 Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | Jul. 12, 2017 |
Date Trading Resumed at Post- Split Price | Jul. 17, 2017 |
Type of Split | 2-for-1 Share split |
ProShares VIX Short-Term Futures ETF [Member] | July 14, 2017 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | Jul. 14, 2017 |
Date Trading Resumed at Post- Split Price | Jul. 17, 2017 |
Type of Split | 1-for-4 reverse Share split |
ProShares Ultra Bloomberg Natural Gas [Member] | March 19, 2018 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | Mar. 19, 2018 |
Date Trading Resumed at Post- Split Price | Mar. 20, 2018 |
Type of Split | 1-for-5 reverse Share split |
ProShares UltraPro 3X Short Crude Oil ETF [Member] | March 19, 2018 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | Mar. 19, 2018 |
Date Trading Resumed at Post- Split Price | Mar. 20, 2018 |
Type of Split | 1-for-4 reverse Share split |
Significant Accounting Polici32
Significant Accounting Policies - Cut-off Times and Times of Calculation of Funds' Final Net Asset Value for Creation and Redemption of Fund Shares (Detail) | 3 Months Ended |
Mar. 31, 2018 | |
ProShares UltraShort Silver [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 6:30 a.m. |
NAV Calculation Time | 7:00 a.m. |
NAV Calculation Date | March 29, 2018 |
ProShares Ultra Silver [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 6:30 a.m. |
NAV Calculation Time | 7:00 a.m. |
NAV Calculation Date | March 29, 2018 |
ProShares UltraShort Gold [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 9:30 a.m. |
NAV Calculation Time | 10:00 a.m. |
NAV Calculation Date | March 29, 2018 |
ProShares Ultra Gold [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 9:30 a.m. |
NAV Calculation Time | 10:00 a.m. |
NAV Calculation Date | March 29, 2018 |
ProShares UltraShort Bloomberg Crude Oil [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares Ultra Bloomberg Crude Oil [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares UltraPro 3X Short Crude Oil ETF [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares UltraPro 3x Crude Oil ETF [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares UltraShort Bloomberg Natural Gas [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares Ultra Bloomberg Natural Gas [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares UltraShort Australian Dollar [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares Short Euro [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares UltraShort Euro [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares Ultra Euro [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares UltraShort Yen [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares Ultra Yen [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares VIX Short-Term Futures ETF [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 4:15 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares Short VIX Short-Term Futures ETF [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 4:15 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 4:15 p.m. |
NAV Calculation Date | March 29, 2018 |
ProShares VIX Mid-Term Futures ETF [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 4:15 p.m. |
NAV Calculation Date | March 29, 2018 |
Significant Accounting Polici33
Significant Accounting Policies - Valuation of Investments using Fair Value Hierarchy (Detail) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
ProShares Short Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | $ 6,060,735 | $ 6,829,947 |
ProShares Short VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 200,984,128 | 511,952,093 |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 425,049,182 | 533,700,242 |
ProShares Ultra Bloomberg Natural Gas [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 35,218,054 | 58,187,166 |
ProShares Ultra Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 7,775,738 | 7,260,387 |
ProShares Ultra Gold [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 93,440,698 | 92,536,679 |
ProShares Ultra Silver [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 217,509,064 | 257,318,650 |
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 158,843,432 | 253,067,012 |
ProShares Ultra Yen [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 951,989 | 1,963,109 |
Proshares Ultra Pro 3X Crude Oil ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 3,003,955 | 1,417,998 |
ProShares UltraPro 3X Short Crude Oil ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (3,735,138) | (2,988,155) |
ProShares UltraShort Australian Dollar [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 5,288,948 | 11,090,684 |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 195,373,834 | 219,077,033 |
ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 2,834,855 | 2,902,702 |
ProShares UltraShort Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 183,506,367 | 198,425,897 |
ProShares UltraShort Gold [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 28,389,841 | 30,484,181 |
ProShares UltraShort Silver [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 18,960,054 | 16,632,048 |
ProShares UltraShort Yen [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 86,013,483 | 133,361,615 |
ProShares VIX Mid-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 12,691,652 | 18,778,235 |
ProShares VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 57,236,849 | 130,083,727 |
Total Trust [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 1,735,397,720 | 2,482,081,250 |
Level I - Quoted Prices [Member] | ProShares Short Euro [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 5,989,804 | 6,996,235 |
Level I - Quoted Prices [Member] | ProShares Short Euro [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 70,931 | (166,288) |
Level I - Quoted Prices [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 237,745,084 | 494,910,644 |
Level I - Quoted Prices [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (36,760,956) | 17,041,449 |
Level I - Quoted Prices [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 389,408,580 | 459,515,902 |
Level I - Quoted Prices [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 10,767,950 | 11,945,979 |
Level I - Quoted Prices [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 32,966,685 | 50,961,356 |
Level I - Quoted Prices [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 2,251,369 | 7,225,810 |
Level I - Quoted Prices [Member] | ProShares Ultra Euro [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 7,993,805 | 6,996,235 |
Level I - Quoted Prices [Member] | ProShares Ultra Gold [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 94,809,555 | 88,884,844 |
Level I - Quoted Prices [Member] | ProShares Ultra Gold [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (440) | 5,480 |
Level I - Quoted Prices [Member] | ProShares Ultra Silver [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 227,622,182 | 235,581,716 |
Level I - Quoted Prices [Member] | ProShares Ultra Silver [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (3,970) | 1,600 |
Level I - Quoted Prices [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 125,853,064 | 287,533,132 |
Level I - Quoted Prices [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 34,183,694 | (34,466,120) |
Level I - Quoted Prices [Member] | ProShares Ultra Yen [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 998,614 | 1,997,933 |
Level I - Quoted Prices [Member] | Proshares Ultra Pro 3X Crude Oil ETF [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 3,003,955 | 1,417,998 |
Level I - Quoted Prices [Member] | ProShares UltraPro 3X Short Crude Oil ETF [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (3,735,138) | (2,988,155) |
Level I - Quoted Prices [Member] | ProShares UltraShort Australian Dollar [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 4,990,788 | 11,983,904 |
Level I - Quoted Prices [Member] | ProShares UltraShort Australian Dollar [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 298,160 | (893,220) |
Level I - Quoted Prices [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 214,661,693 | 253,646,823 |
Level I - Quoted Prices [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (4,689,834) | (3,962,648) |
Level I - Quoted Prices [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 2,999,900 | 3,999,751 |
Level I - Quoted Prices [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (165,045) | (1,097,049) |
Level I - Quoted Prices [Member] | ProShares UltraShort Euro [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 179,764,007 | 204,770,166 |
Level I - Quoted Prices [Member] | ProShares UltraShort Gold [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 27,977,621 | 31,977,900 |
Level I - Quoted Prices [Member] | ProShares UltraShort Gold [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 440 | (5,460) |
Level I - Quoted Prices [Member] | ProShares UltraShort Silver [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 17,974,591 | 18,349,861 |
Level I - Quoted Prices [Member] | ProShares UltraShort Silver [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 3,920 | (1,650) |
Level I - Quoted Prices [Member] | ProShares UltraShort Yen [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 84,902,317 | 131,834,352 |
Level I - Quoted Prices [Member] | ProShares VIX Mid-Term Futures ETF [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 9,989,367 | 20,993,515 |
Level I - Quoted Prices [Member] | ProShares VIX Mid-Term Futures ETF [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 2,702,285 | (2,215,280) |
Level I - Quoted Prices [Member] | ProShares VIX Short-Term Futures ETF [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 47,988,100 | 134,845,604 |
Level I - Quoted Prices [Member] | ProShares VIX Short-Term Futures ETF [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 9,248,749 | (4,761,877) |
Level I - Quoted Prices [Member] | Total Trust [Member] | Short-Term U.S. Government and Agencies [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 1,714,635,757 | 2,445,779,873 |
Level I - Quoted Prices [Member] | Total Trust [Member] | Futures Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 17,176,070 | (12,919,431) |
Level II - Other Significant Observable Inputs [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreements [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 24,872,652 | 62,238,361 |
Level II - Other Significant Observable Inputs [Member] | ProShares Ultra Euro [Member] | Foreign Currency Forward Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (218,067) | 264,152 |
Level II - Other Significant Observable Inputs [Member] | ProShares Ultra Gold [Member] | Forward Agreements [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (1,368,417) | 3,646,355 |
Level II - Other Significant Observable Inputs [Member] | ProShares Ultra Silver [Member] | Forward Agreements [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (10,109,148) | 21,735,334 |
Level II - Other Significant Observable Inputs [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | Swap Agreements [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (1,193,326) | |
Level II - Other Significant Observable Inputs [Member] | ProShares Ultra Yen [Member] | Foreign Currency Forward Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (46,625) | (34,824) |
Level II - Other Significant Observable Inputs [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreements [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (14,598,025) | (30,607,142) |
Level II - Other Significant Observable Inputs [Member] | ProShares UltraShort Euro [Member] | Foreign Currency Forward Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 3,742,360 | (6,344,269) |
Level II - Other Significant Observable Inputs [Member] | ProShares UltraShort Gold [Member] | Forward Agreements [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 411,780 | (1,488,259) |
Level II - Other Significant Observable Inputs [Member] | ProShares UltraShort Silver [Member] | Forward Agreements [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 981,543 | (1,716,163) |
Level II - Other Significant Observable Inputs [Member] | ProShares UltraShort Yen [Member] | Foreign Currency Forward Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 1,111,166 | 1,527,263 |
Level II - Other Significant Observable Inputs [Member] | Total Trust [Member] | Forward Agreements [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (10,084,242) | 22,177,267 |
Level II - Other Significant Observable Inputs [Member] | Total Trust [Member] | Foreign Currency Forward Contracts [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 4,588,834 | (4,587,678) |
Level II - Other Significant Observable Inputs [Member] | Total Trust [Member] | Swap Agreements [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | $ 9,081,301 | $ 31,631,219 |
Significant Accounting Polici34
Significant Accounting Policies - Additional Information (Detail) - USD ($) | Jul. 31, 2014 | Mar. 31, 2018 | Dec. 31, 2017 |
Significant Accounting Policies [Line Items] | |||
Level III portfolio investments | $ 0 | $ 0 | |
Minimum [Member] | Volatility Index Fund [Member] | |||
Significant Accounting Policies [Line Items] | |||
Percentage of brokerage commissions exceed variable create/redeem fees | 0.02% |
Investments - Fair Value of Der
Investments - Fair Value of Derivative Instruments (Detail) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | $ 96,044,149 | $ 136,734,724 | |
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 75,282,186 | 100,433,347 | |
VIX Futures Contracts [Member] | Payable on Open Futures Contracts [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 4,452,100 | ||
VIX Futures Contracts [Member] | Payable on Open Futures Contracts [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 38,440,762 | ||
VIX Futures Contracts [Member] | Payable on Open Futures Contracts [Member] | ProShares VIX Mid-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 2,215,280 | ||
VIX Futures Contracts [Member] | Payable on Open Futures Contracts [Member] | ProShares VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 5,471,585 | ||
VIX Futures Contracts [Member] | Payable On Open Futures Contracts And Unrealized Depreciation On Swap Agreements [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 3,243,723 | ||
VIX Futures Contracts [Member] | Payable On Open Futures Contracts And Unrealized Depreciation On Swap Agreements [Member] | ProShares VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 36,760,956 | ||
VIX Futures Contracts [Member] | Receivables On Open Futures Contracts And Unrealized Appreciation On Swap Agreements [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 36,234,091 | ||
VIX Futures Contracts [Member] | Receivables On Open Futures Contracts And Unrealized Appreciation On Swap Agreements [Member] | ProShares VIX Mid-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 2,702,285 | ||
VIX Futures Contracts [Member] | Receivables On Open Futures Contracts And Unrealized Appreciation On Swap Agreements [Member] | ProShares VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 9,248,749 | ||
VIX Futures Contracts [Member] | Receivables on Open Futures Contracts [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 21,493,549 | ||
VIX Futures Contracts [Member] | Receivables on Open Futures Contracts [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 3,974,642 | ||
VIX Futures Contracts [Member] | Receivables on Open Futures Contracts [Member] | ProShares VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 709,708 | ||
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swaps and/or Forward Agreements [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 19,287,859 | 34,569,790 | |
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swaps and/or Forward Agreements [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 165,045 | 1,097,049 | |
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swaps and/or Forward Agreements [Member] | ProShares UltraShort Gold [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 1,493,719 | ||
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swaps and/or Forward Agreements [Member] | ProShares UltraShort Silver [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 1,717,813 | ||
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swaps and/or Forward Agreements [Member] | ProShares Ultra Gold [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 1,368,857 | ||
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swaps and/or Forward Agreements [Member] | ProShares Ultra Silver [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 10,113,118 | ||
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swaps and/or Forward Agreements [Member] | ProShares UltraPro 3X Short Crude Oil ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 3,735,138 | 2,988,155 | |
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swaps and/or Forwards Agreements [Member] | ProShares UltraPro 3x Crude Oil ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 1,417,998 | ||
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swaps and/or Forwards Agreements [Member] | ProShares UltraShort Gold [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 412,220 | ||
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swaps and/or Forwards Agreements [Member] | ProShares UltraShort Silver [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 985,463 | ||
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swaps and/or Forwards Agreements [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 35,640,602 | 74,184,340 | |
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swaps and/or Forwards Agreements [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 2,251,369 | 7,225,810 | |
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swaps and/or Forwards Agreements [Member] | ProShares Ultra Gold [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 3,651,835 | ||
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swaps and/or Forwards Agreements [Member] | ProShares Ultra Silver [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 21,736,934 | ||
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swaps and/or Forwards Agreements [Member] | Proshares Ultra Pro 3X Crude Oil ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 3,003,955 | ||
Foreign Exchange Contracts [Member] | Unrealized Depreciation on Foreign Currency Forward Contracts and Payable on Open Futures Contracts [Member] | ProShares Short Euro [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 166,288 | ||
Foreign Exchange Contracts [Member] | Unrealized Depreciation on Foreign Currency Forward Contracts and Payable on Open Futures Contracts [Member] | ProShares Ultra Euro [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | 218,599 | 57,457 | [1] | |
Foreign Exchange Contracts [Member] | Unrealized Depreciation on Foreign Currency Forward Contracts and Payable on Open Futures Contracts [Member] | ProShares Ultra Yen [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | 46,625 | 34,824 | ||
Foreign Exchange Contracts [Member] | Unrealized Depreciation on Foreign Currency Forward Contracts and Payable on Open Futures Contracts [Member] | ProShares UltraShort Australian Dollar [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | [1] | 893,220 | ||
Foreign Exchange Contracts [Member] | Unrealized Depreciation on Foreign Currency Forward Contracts and Payable on Open Futures Contracts [Member] | ProShares UltraShort Euro [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | 239,257 | 6,793,571 | ||
Foreign Exchange Contracts [Member] | Unrealized Depreciation on Foreign Currency Forward Contracts and Payable on Open Futures Contracts [Member] | ProShares UltraShort Yen [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative liability not accounted as hedging instrument, Unrealized Depreciation | 103,009 | 41,734 | ||
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares Short Euro [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 70,931 | ||
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares Ultra Euro [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | 532 | 321,609 | ||
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares UltraShort Australian Dollar [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | [1] | 298,160 | ||
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares UltraShort Euro [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | 3,981,617 | 449,302 | ||
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares UltraShort Yen [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Derivative asset not accounted as hedging instrument, Unrealized Appreciation | $ 1,214,175 | $ 1,568,997 | ||
[1] | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day's variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures contracts. |
Investments - Effect of Derivat
Investments - Effect of Derivative Instruments on Statements of Operations (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | $ (1,336,632,009) | $ (307,036,092) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (15,539,414) | (140,364,048) |
VIX Futures Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts/Changes in Unrealized Appreciation/Depreciation on Futures Contracts [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | (1,883,525,731) | 99,893,092 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (53,802,405) | 29,160,974 |
VIX Futures Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts/Changes in Unrealized Appreciation/Depreciation on Futures Contracts [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 416,609,780 | (365,515,188) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 67,456,488 | (28,593,655) |
VIX Futures Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts/Changes in Unrealized Appreciation/Depreciation on Futures Contracts [Member] | ProShares VIX Mid-Term Futures ETF [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 3,720,436 | (8,167,318) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 4,917,565 | (3,264,135) |
VIX Futures Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts/Changes in Unrealized Appreciation/Depreciation on Futures Contracts [Member] | ProShares VIX Short-Term Futures ETF [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 77,276,980 | (65,227,857) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 14,010,626 | (6,856,808) |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 112,517,891 | (412,087) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (38,543,738) | (147,865,307) |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 1,134,812 | (14,377,716) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (4,974,441) | 900,424 |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares Ultra Gold [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 8,655,275 | 9,447,490 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (5,020,692) | 6,400,357 |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares Ultra Silver [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 12,801,743 | 30,201,888 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (31,850,052) | 27,281,603 |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | Proshares Ultra Pro 3X Crude Oil ETF [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 1,620,825 | (959) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 1,585,957 | 850,582 |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares UltraPro 3X Short Crude Oil ETF [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | (4,675,967) | (105,766) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (746,983) | (661,506) |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | (48,096,150) | (1,149,867) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 15,281,931 | 39,939,834 |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 746,971 | 1,858,381 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 932,004 | (665,754) |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares UltraShort Gold [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | (3,269,875) | (4,871,160) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 1,905,939 | (4,210,682) |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares UltraShort Silver [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | (1,596,841) | (2,857,261) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 2,703,276 | (1,882,809) |
Foreign Exchange Contracts [Member] | Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/depreciation on futures and/or foreign currency forward contracts [Member] | ProShares Short Euro [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | (379,586) | 82,257 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 237,219 | (252,663) |
Foreign Exchange Contracts [Member] | Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/depreciation on futures and/or foreign currency forward contracts [Member] | ProShares Ultra Euro [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 800,513 | (628,668) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (482,219) | 894,328 |
Foreign Exchange Contracts [Member] | Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/depreciation on futures and/or foreign currency forward contracts [Member] | ProShares Ultra Yen [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | 322,550 | (81,511) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (11,801) | 589,704 |
Foreign Exchange Contracts [Member] | Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/depreciation on futures and/or foreign currency forward contracts [Member] | ProShares UltraShort Australian Dollar [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | (1,119,990) | (532,227) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 1,191,380 | (1,432,614) |
Foreign Exchange Contracts [Member] | Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/depreciation on futures and/or foreign currency forward contracts [Member] | ProShares UltraShort Euro [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | (18,923,242) | 15,679,619 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 10,086,629 | (24,060,957) |
Foreign Exchange Contracts [Member] | Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/depreciation on futures and/or foreign currency forward contracts [Member] | ProShares UltraShort Yen [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Realized Gain (Loss) on Derivatives Recognized in Income | (11,252,403) | (271,234) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | $ (416,097) | $ (26,634,964) |
Investments - Offsetting of Fin
Investments - Offsetting of Financial Assets and Liabilities (Detail) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | $ 24,872,652 | $ 62,238,361 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 24,872,652 | 62,238,361 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
ProShares Ultra Euro [Member] | Foreign Currency Forward Contracts [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 532 | 321,609 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 532 | 321,609 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 218,599 | 57,457 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 218,599 | 57,457 |
ProShares Ultra Gold [Member] | Forward Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 3,646,355 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 3,646,355 | |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 1,368,417 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 1,368,417 | |
ProShares Ultra Silver [Member] | Forward Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 21,735,334 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 21,735,334 | |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 10,109,148 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 10,109,148 | |
ProShares VIX Short-Term Futures ETF [Member] | Swap Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 2,050,397 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 2,050,397 | |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 3,243,723 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 3,243,723 | |
ProShares Ultra Yen [Member] | Foreign Currency Forward Contracts [Member] | ||
Derivative [Line Items] | ||
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 46,625 | 34,824 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 46,625 | 34,824 |
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 14,598,025 | 30,607,142 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 14,598,025 | 30,607,142 |
ProShares UltraShort Euro [Member] | Foreign Currency Forward Contracts [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 3,981,617 | 449,302 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 3,981,617 | 449,302 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 239,257 | 6,793,571 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 239,257 | 6,793,571 |
ProShares UltraShort Gold [Member] | Forward Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 411,780 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 411,780 | |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 1,488,259 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 1,488,259 | |
ProShares UltraShort Silver [Member] | Forward Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 981,543 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 981,543 | |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 1,716,163 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 1,716,163 | |
ProShares UltraShort Yen [Member] | Foreign Currency Forward Contracts [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 1,214,175 | 1,568,997 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 1,214,175 | 1,568,997 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 103,009 | 41,734 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | $ 103,009 | $ 41,734 |
Investments - Gross Amounts Not
Investments - Gross Amounts Not Offset in Statements of Financial Condition (Detail) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
ProShares Ultra Bloomberg Crude Oil [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | $ 7,454,750 | $ 16,654,031 |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (6,097,671) | (14,861,090) |
Net Amounts of Assets presented in the Statements of Financial Condition | 1,357,079 | 1,792,941 |
ProShares Ultra Bloomberg Crude Oil [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 7,068,436 | 16,764,919 |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (5,649,698) | (15,477,566) |
Net Amounts of Assets presented in the Statements of Financial Condition | 1,418,738 | 1,287,353 |
ProShares Ultra Bloomberg Crude Oil [Member] | Citibank N.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 7,042,924 | 19,815,892 |
Net Amounts of Assets presented in the Statements of Financial Condition | 7,042,924 | 19,815,892 |
ProShares Ultra Bloomberg Crude Oil [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 3,306,542 | 9,003,519 |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (2,789,044) | (8,525,505) |
Net Amounts of Assets presented in the Statements of Financial Condition | 517,498 | 478,014 |
ProShares Ultra Euro [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 102,424 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 102,424 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (104,905) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 22,905 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 82,000 | |
ProShares Ultra Euro [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 161,728 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 161,728 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (113,162) | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 113,162 | |
ProShares Ultra Gold [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 969,501 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (967,678) | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | (1,823) | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (415,609) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 415,609 | |
ProShares Ultra Gold [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 945,225 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (945,225) | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (335,587) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 335,587 | |
ProShares Ultra Gold [Member] | Citibank N.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 1,513,310 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 1,513,310 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (492,775) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 492,775 | |
ProShares Ultra Gold [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 218,319 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 218,319 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (124,446) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 124,446 | |
ProShares Ultra Silver [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 5,873,080 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (4,903,696) | |
Net Amounts of Assets presented in the Statements of Financial Condition | 969,384 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (2,770,026) | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 2,770,026 | |
ProShares Ultra Silver [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 5,898,693 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (4,930,596) | |
Net Amounts of Assets presented in the Statements of Financial Condition | 968,097 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (2,764,010) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 2,764,010 | |
ProShares Ultra Silver [Member] | Citibank N.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 7,201,744 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 7,201,744 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (3,377,838) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 3,377,838 | |
ProShares Ultra Silver [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 2,761,817 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (2,516,153) | |
Net Amounts of Assets presented in the Statements of Financial Condition | 245,664 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (1,197,274) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 1,197,274 | |
ProShares VIX Short-Term Futures ETF [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | (3,243,723) | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 3,243,723 | |
ProShares VIX Short-Term Futures ETF [Member] | Deutsche Bank [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 2,050,397 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | (2,050,397) | |
ProShares Ultra Yen [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | (23,437) | (17,410) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 17,410 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 23,437 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares Ultra Yen [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | (23,188) | (17,414) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 17,414 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 23,188 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Bloomberg Crude Oil [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | (3,439,171) | (9,242,398) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 3,439,171 | 9,242,398 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Bloomberg Crude Oil [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | (3,990,846) | (9,287,467) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 2,294,346 | 9,287,467 |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 1,696,500 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Bloomberg Crude Oil [Member] | Citibank N.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | (5,450,062) | (10,173,164) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 5,450,062 | 10,173,164 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Bloomberg Crude Oil [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | (1,717,946) | (1,904,113) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 1,717,946 | 1,904,113 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Euro [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 1,751,009 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (1,751,009) | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (3,297,612) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 259,612 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 3,038,000 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Euro [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 1,991,351 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (1,991,351) | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (3,046,657) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 3,046,657 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Gold [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 107,211 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 107,211 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (428,358) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 428,358 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Gold [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 126,209 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 126,209 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (378,414) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 378,414 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Gold [Member] | Citibank N.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 136,085 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 136,085 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (554,559) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 554,559 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Gold [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 42,275 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 42,275 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (126,928) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 126,928 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Silver [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 275,540 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (267,024) | |
Net Amounts of Assets presented in the Statements of Financial Condition | 8,516 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (486,240) | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 486,240 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Silver [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 300,971 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 300,971 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (482,025) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 482,025 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Silver [Member] | Citibank N.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 349,648 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 349,648 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (632,593) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 632,593 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Silver [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 55,384 | |
Net Amounts of Assets presented in the Statements of Financial Condition | 55,384 | |
Amounts of Recognized Assets presented in the Statements of Financial Condition | (115,305) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 115,305 | |
Net Amounts of Liabilities presented in the Statements of Financial Condition | ||
ProShares UltraShort Yen [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 495,654 | 821,317 |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (313,734) | (810,030) |
Net Amounts of Assets presented in the Statements of Financial Condition | 181,920 | 11,287 |
ProShares UltraShort Yen [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 615,512 | 705,946 |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | $ (615,512) | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | $ (705,946) |
Agreements - Additional Informa
Agreements - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Health Care Trust Fund [Line Items] | |
Management Fee paid to sponsor, percent per annum of the average daily NAV of each Geared Fund | 0.95% |
Ceiling for legal fees | $ 100,000 |
Percentage of annual NAV as limit to pay SEC registration fees incurred | 0.021% |
Ceiling for per annum K-1 preparation and mailing fees against annual net assets of Fund | 0.10% |
Leverage Fund [Member] | |
Health Care Trust Fund [Line Items] | |
Management Fee paid to sponsor, percent per annum of the average daily NAV of each Geared Fund | 0.95% |
Geared Vix Fund [Member] | |
Health Care Trust Fund [Line Items] | |
Management Fee paid to sponsor, percent per annum of the average daily NAV of each Geared Fund | 0.95% |
Short Euro Fund [Member] | |
Health Care Trust Fund [Line Items] | |
Management Fee paid to sponsor, percent per annum of the average daily NAV of each Geared Fund | 0.95% |
Volatility Index Fund [Member] | |
Health Care Trust Fund [Line Items] | |
Management Fee paid to sponsor, percent per annum of the average daily NAV of each Geared Fund | 0.85% |
Offering Costs - Additional Inf
Offering Costs - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Offering costs, amortization period | 12 months |
Reimbursement from sponsors, percentage of the average daily NAV | 0.95% |
Creation and Redemption of Cr41
Creation and Redemption of Creation Units - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2018$ / EquityUnitshares | |
Creation And Redemption Of Creation Units [Line Items] | |
Creation Unit, block Shares of a Fund | 50,000 |
Fixed transaction fee per Creation Unit, maximum | $ / EquityUnit | 250 |
Variable transaction fee, percent of the value of the Creation Unit, maximum | 0.10% |
Volatility Index Fund [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Creation Unit, block Shares of a Fund | 25,000 |
Variable transaction fee, percent of the value of the Creation Unit, maximum | 0.05% |
Creation and Redemption of Cr42
Creation and Redemption of Creation Units - Schedule of Transaction Fees (Detail) | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | $ 1,313,781 |
ProShares Short VIX Short-Term Futures ETF [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 440,480 |
ProShares Ultra Bloomberg Crude Oil [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 63,602 |
ProShares Ultra Bloomberg Natural Gas [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 5,803 |
ProShares Ultra Gold [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 4,166 |
ProShares Ultra Silver [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 5,267 |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 654,427 |
Proshares Ultra Pro 3X Crude Oil ETF [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 4,795 |
ProShares UltraPro 3X Short Crude Oil ETF [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 12,046 |
ProShares UltraShort Bloomberg Crude Oil [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 37,931 |
ProShares UltraShort Bloomberg Natural Gas [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 2,110 |
ProShares UltraShort Gold [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 5,915 |
ProShares VIX Mid-Term Futures ETF [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | 9,933 |
ProShares VIX Short-Term Futures ETF [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Transaction fees | $ 67,306 |
Financial Highlights - Per Shar
Financial Highlights - Per Share Operating Performance (Detail) - $ / shares | 3 Months Ended | ||||
Mar. 31, 2018 | Mar. 31, 2017 | ||||
ProShares Short Euro [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 39.96 | $ 45.06 | |||
Net investment income (loss) | 0 | [1] | (0.06) | ||
Net realized and unrealized gain (loss) | [2] | (0.71) | (0.49) | ||
Change in net asset value from operations | (0.71) | (0.55) | |||
Net asset value, at March 31, 2017 | 39.25 | 44.51 | |||
Market value per share, at December 31, 2016† | [3] | 39.99 | 45.12 | ||
Market value per share, at March 31, 2017† | [3] | $ 39.04 | $ 44.29 | ||
Total Return, at net asset value | (1.80%) | [4] | (1.20%) | [5] | |
Total Return, at market value | (2.40%) | [4] | (1.80%) | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 0.96% | 0.97% | ||
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | ||
Net investment income (loss) | [6] | 0.05% | (0.56%) | ||
ProShares Short VIX Short-Term Futures ETF [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 127.30 | $ 45.62 | [7] | ||
Net investment income (loss) | (0.04) | (0.18) | [7] | ||
Net realized and unrealized gain (loss) | [2] | (115.67) | 25.10 | [7] | |
Change in net asset value from operations | (115.71) | 24.92 | [7] | ||
Net asset value, at March 31, 2017 | 11.59 | 70.54 | [7] | ||
Market value per share, at December 31, 2016† | [3] | 128.21 | 45.49 | [7] | |
Market value per share, at March 31, 2017† | [3] | $ 11.74 | $ 70.58 | [7] | |
Total Return, at net asset value | (90.90%) | [4] | 54.70% | [5],[7] | |
Total Return, at market value | (90.80%) | [4] | 55.10% | [5],[7] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 1.55% | 1.61% | [7] | |
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | [7] | |
Net investment income (loss) | [6] | (0.77%) | (1.16%) | [7] | |
ProShares Ultra Bloomberg Crude Oil [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 23.66 | $ 23.34 | [7] | ||
Net investment income (loss) | 0.02 | (0.02) | [7] | ||
Net realized and unrealized gain (loss) | [2] | 3.80 | (4.36) | [7] | |
Change in net asset value from operations | 3.82 | (4.38) | [7] | ||
Net asset value, at March 31, 2017 | 27.48 | 18.96 | [7] | ||
Market value per share, at December 31, 2016† | [3] | 23.44 | 23.36 | [7] | |
Market value per share, at March 31, 2017† | [3] | $ 27.50 | $ 19.02 | [7] | |
Total Return, at net asset value | 16.10% | [4] | (18.80%) | [5],[7] | |
Total Return, at market value | 17.30% | [4] | (18.60%) | [5],[7] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 0.97% | 0.97% | [7] | |
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | [7] | |
Net investment income (loss) | [6] | 0.30% | (0.46%) | [7] | |
ProShares Ultra Bloomberg Natural Gas [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | [7] | $ 32.64 | $ 94.24 | ||
Net investment income (loss) | [7] | 0 | [1] | (0.12) | |
Net realized and unrealized gain (loss) | [2],[7] | (5.16) | (32.76) | ||
Change in net asset value from operations | [7] | (5.16) | (32.88) | ||
Net asset value, at March 31, 2017 | [7] | 27.48 | 61.36 | ||
Market value per share, at December 31, 2016† | [3],[7] | 32.50 | 94.80 | ||
Market value per share, at March 31, 2017† | [3],[7] | $ 27.53 | $ 61.35 | ||
Total Return, at net asset value | [7] | (15.80%) | [4] | (34.90%) | [5] |
Total Return, at market value | [7] | (15.30%) | [4] | (35.30%) | [5] |
Ratios to Average Net Assets | |||||
Expense ratio | [6],[7] | 1.17% | 1.14% | ||
Expense ratio, excluding brokerage commissions | [6],[7] | 0.95% | 0.95% | ||
Net investment income (loss) | [6],[7] | 0.07% | (0.75%) | ||
ProShares Ultra Euro [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 17.44 | $ 14.02 | |||
Net investment income (loss) | 0 | [1] | (0.02) | ||
Net realized and unrealized gain (loss) | [2] | 0.66 | 0.24 | ||
Change in net asset value from operations | 0.66 | 0.22 | |||
Net asset value, at March 31, 2017 | 18.10 | 14.24 | |||
Market value per share, at December 31, 2016† | [3] | 17.46 | 14.09 | ||
Market value per share, at March 31, 2017† | [3] | $ 18.09 | $ 14.27 | ||
Total Return, at net asset value | 3.80% | [4] | 1.60% | [5] | |
Total Return, at market value | 3.60% | [4] | 1.30% | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 0.95% | 0.95% | ||
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | ||
Net investment income (loss) | [6] | 0.06% | (0.48%) | ||
ProShares Ultra Gold [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 39.88 | $ 32.90 | |||
Net investment income (loss) | 0.04 | (0.04) | |||
Net realized and unrealized gain (loss) | [2] | 1.52 | 5.47 | ||
Change in net asset value from operations | 1.56 | 5.43 | |||
Net asset value, at March 31, 2017 | 41.44 | 38.33 | |||
Market value per share, at December 31, 2016† | [3] | 40.67 | 33.20 | ||
Market value per share, at March 31, 2017† | [3] | $ 41.55 | $ 38.45 | ||
Total Return, at net asset value | 3.90% | [4] | 16.50% | [5] | |
Total Return, at market value | 2.20% | [4] | 15.80% | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 0.95% | 0.95% | ||
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | ||
Net investment income (loss) | [6] | 0.37% | (0.47%) | ||
ProShares Ultra Silver [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 33.55 | $ 33.44 | |||
Net investment income (loss) | 0.03 | (0.04) | |||
Net realized and unrealized gain (loss) | [2] | (2.75) | 7.20 | ||
Change in net asset value from operations | (2.72) | 7.16 | |||
Net asset value, at March 31, 2017 | 30.83 | 40.60 | |||
Market value per share, at December 31, 2016† | [3] | 33.85 | 32.09 | [8] | |
Market value per share, at March 31, 2017† | [3] | $ 31.09 | $ 41.23 | [8] | |
Total Return, at net asset value | (8.10%) | [4] | 21.40% | [5] | |
Total Return, at market value | (8.20%) | [4] | 28.50% | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | 0.95% | [6] | 0.95% | ||
Expense ratio, excluding brokerage commissions | 0.95% | [6] | 0.95% | ||
Net investment income (loss) | 0.36% | [6] | (0.46%) | ||
ProShares Ultra VIX Short-Term Futures ETF [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 10.33 | $ 173.93 | [7] | ||
Net investment income (loss) | (0.04) | (0.30) | [7] | ||
Net realized and unrealized gain (loss) | [2] | 8.71 | (108.86) | [7] | |
Change in net asset value from operations | 8.67 | (109.16) | [7] | ||
Net asset value, at March 31, 2017 | 19 | 64.77 | [7] | ||
Market value per share, at December 31, 2016† | [3] | 10.21 | 175 | [7],[8] | |
Market value per share, at March 31, 2017† | [3] | $ 18.53 | $ 64.68 | [7],[8] | |
Total Return, at net asset value | 83.90% | [4] | (62.80%) | [5],[7] | |
Total Return, at market value | 81.50% | [4] | (63.00%) | [5],[7] | |
Ratios to Average Net Assets | |||||
Expense ratio | 1.95% | [6] | 1.74% | [7] | |
Expense ratio, excluding brokerage commissions | 0.95% | [6] | 0.95% | [7] | |
Net investment income (loss) | (1.20%) | [6] | (1.36%) | [7] | |
ProShares Ultra Yen [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 57.32 | $ 55.43 | |||
Net investment income (loss) | (0.06) | (0.09) | |||
Net realized and unrealized gain (loss) | [2] | 6.22 | 5.08 | ||
Change in net asset value from operations | 6.16 | 4.99 | |||
Net asset value, at March 31, 2017 | 63.48 | 60.42 | |||
Market value per share, at December 31, 2016† | [3] | 57.45 | 55.52 | [8] | |
Market value per share, at March 31, 2017† | [3] | $ 63.49 | $ 60.19 | [8] | |
Total Return, at net asset value | 10.70% | [4] | 9.00% | [5] | |
Total Return, at market value | 10.50% | [4] | 8.40% | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | 0.95% | [6] | 0.95% | ||
Expense ratio, excluding brokerage commissions | 0.95% | [6] | 0.95% | ||
Net investment income (loss) | (0.40%) | [6] | (0.65%) | ||
ProShares UltraShort Australian Dollar [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 45.67 | $ 55.38 | |||
Net investment income (loss) | 0 | [1] | (0.08) | ||
Net realized and unrealized gain (loss) | [2] | 1.42 | (6.55) | ||
Change in net asset value from operations | 1.42 | (6.63) | |||
Net asset value, at March 31, 2017 | 47.09 | 48.75 | |||
Market value per share, at December 31, 2016† | [3] | 45.72 | 55.24 | [8] | |
Market value per share, at March 31, 2017† | [3] | $ 47.18 | $ 49 | [8] | |
Total Return, at net asset value | 3.10% | [4] | (12.00%) | [5] | |
Total Return, at market value | 3.20% | [4] | (11.30%) | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | 1.02% | [6] | 1.02% | ||
Expense ratio, excluding brokerage commissions | 0.95% | [6] | 0.95% | ||
Net investment income (loss) | 0.01% | [6] | (0.63%) | ||
ProShares UltraShort Bloomberg Crude Oil [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 24.31 | $ 31.70 | [7] | ||
Net investment income (loss) | 0.02 | (0.04) | [7] | ||
Net realized and unrealized gain (loss) | [2] | (4.37) | 5.04 | [7] | |
Change in net asset value from operations | (4.35) | 5 | [7] | ||
Net asset value, at March 31, 2017 | 19.96 | 36.70 | [7] | ||
Market value per share, at December 31, 2016† | [3] | 24.56 | 31.65 | [7] | |
Market value per share, at March 31, 2017† | [3] | $ 19.95 | $ 36.57 | [7] | |
Total Return, at net asset value | (17.90%) | [4] | 15.80% | [5],[7] | |
Total Return, at market value | (18.80%) | [4] | 15.50% | [5],[7] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 0.97% | 0.97% | [7] | |
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | [7] | |
Net investment income (loss) | [6] | 0.34% | (0.52%) | [7] | |
ProShares UltraShort Bloomberg Natural Gas [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 39.48 | $ 23.10 | |||
Net investment income (loss) | (0.06) | (0.08) | |||
Net realized and unrealized gain (loss) | [2] | 3.46 | 6.22 | ||
Change in net asset value from operations | 3.40 | 6.14 | |||
Net asset value, at March 31, 2017 | 42.88 | 29.24 | |||
Market value per share, at December 31, 2016† | [3] | 39.65 | 23.05 | ||
Market value per share, at March 31, 2017† | [3] | $ 42.83 | $ 29.25 | ||
Total Return, at net asset value | 8.60% | [4] | 26.60% | [5] | |
Total Return, at market value | 8.00% | [4] | 26.90% | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 1.42% | 1.29% | ||
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | ||
Net investment income (loss) | [6] | (0.55%) | (0.99%) | ||
Proshares Ultra Pro 3X Crude Oil ETF [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 37.78 | $ 25 | |||
Net investment income (loss) | (0.11) | (0.01) | |||
Net realized and unrealized gain (loss) | [2] | 8.63 | 4.25 | ||
Change in net asset value from operations | 8.52 | 4.24 | |||
Net asset value, at March 31, 2017 | 46.30 | 29.24 | |||
Market value per share, at December 31, 2016† | [3] | 37.23 | 25 | [8] | |
Market value per share, at March 31, 2017† | [3] | $ 46.33 | $ 29.42 | [8] | |
Total Return, at net asset value | 22.60% | [4] | 17.00% | [5] | |
Total Return, at market value | 24.40% | [4] | 17.70% | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | 1.14% | [6] | 1.83% | ||
Expense ratio, excluding brokerage commissions | 0.95% | [6] | 0.95% | ||
Net investment income (loss) | (1.06%) | [6] | (1.83%) | ||
ProShares UltraPro 3X Short Crude Oil ETF [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | [7] | $ 42.32 | $ 100 | ||
Net investment income (loss) | [7] | (0.10) | (0.04) | ||
Net realized and unrealized gain (loss) | [2],[7] | (11.42) | (15.33) | ||
Change in net asset value from operations | [7] | (11.52) | (15.37) | ||
Net asset value, at March 31, 2017 | [7] | 30.80 | 84.63 | ||
Market value per share, at December 31, 2016† | [3],[7] | 42.88 | 100 | [8] | |
Market value per share, at March 31, 2017† | [3],[7] | $ 30.77 | $ 84.28 | [8] | |
Total Return, at net asset value | [7] | (27.20%) | [4] | (15.40%) | [5] |
Total Return, at market value | [7] | (28.20%) | [4] | (15.70%) | [5] |
Ratios to Average Net Assets | |||||
Expense ratio | [7] | 1.21% | [6] | 1.98% | |
Expense ratio, excluding brokerage commissions | [7] | 0.95% | [6] | 0.95% | |
Net investment income (loss) | [7] | (1.14%) | [6] | (1.98%) | |
ProShares UltraShort Euro [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 21.21 | $ 27.08 | |||
Net investment income (loss) | 0.02 | (0.03) | |||
Net realized and unrealized gain (loss) | [2] | (0.90) | (0.63) | ||
Change in net asset value from operations | (0.88) | (0.66) | |||
Net asset value, at March 31, 2017 | 20.33 | 26.42 | |||
Market value per share, at December 31, 2016† | [3] | 21.20 | 27.08 | ||
Market value per share, at March 31, 2017† | [3] | $ 20.32 | $ 26.39 | ||
Total Return, at net asset value | (4.10%) | [4] | (2.50%) | [5] | |
Total Return, at market value | (4.20%) | [4] | (2.50%) | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 0.95% | 0.95% | ||
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | ||
Net investment income (loss) | [6] | 0.36% | (0.46%) | ||
ProShares UltraShort Gold [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 70.47 | $ 91.33 | |||
Net investment income (loss) | 0.05 | (0.09) | |||
Net realized and unrealized gain (loss) | [2] | (3.38) | (14.84) | ||
Change in net asset value from operations | (3.33) | (14.93) | |||
Net asset value, at March 31, 2017 | 67.14 | 76.40 | |||
Market value per share, at December 31, 2016† | [3] | 69.11 | 90.54 | ||
Market value per share, at March 31, 2017† | [3] | $ 66.98 | $ 75.93 | ||
Total Return, at net asset value | (4.70%) | [4] | (16.30%) | [5] | |
Total Return, at market value | (3.10%) | [4] | (16.10%) | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 0.95% | 0.95% | ||
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | ||
Net investment income (loss) | [6] | 0.31% | (0.45%) | ||
ProShares UltraShort Silver [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 31.71 | $ 37.31 | |||
Net investment income (loss) | 0.02 | (0.04) | |||
Net realized and unrealized gain (loss) | [2] | 2.20 | (7.89) | ||
Change in net asset value from operations | 2.22 | (7.93) | |||
Net asset value, at March 31, 2017 | 33.93 | 29.38 | |||
Market value per share, at December 31, 2016† | [3] | 31.40 | 38.76 | ||
Market value per share, at March 31, 2017† | [3] | $ 33.54 | $ 28.90 | ||
Total Return, at net asset value | 7.00% | [4] | (21.30%) | [5] | |
Total Return, at market value | 6.80% | [4] | (25.40%) | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 0.95% | 0.95% | ||
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | ||
Net investment income (loss) | [6] | 0.28% | (0.49%) | ||
ProShares UltraShort Yen [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 74.93 | $ 80.24 | |||
Net investment income (loss) | 0.06 | (0.09) | |||
Net realized and unrealized gain (loss) | [2] | (7.79) | (7.60) | ||
Change in net asset value from operations | (7.73) | (7.69) | |||
Net asset value, at March 31, 2017 | 67.20 | 72.55 | |||
Market value per share, at December 31, 2016† | [3] | 74.98 | 80.25 | ||
Market value per share, at March 31, 2017† | [3] | $ 67.14 | $ 72.50 | ||
Total Return, at net asset value | (10.30%) | [4] | (9.60%) | [5] | |
Total Return, at market value | (10.50%) | [4] | (9.70%) | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 0.95% | 0.95% | ||
Expense ratio, excluding brokerage commissions | [6] | 0.95% | 0.95% | ||
Net investment income (loss) | [6] | 0.33% | (0.47%) | ||
ProShares VIX Mid-Term Futures ETF [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 21.29 | $ 42.14 | |||
Net investment income (loss) | 0 | [1] | (0.04) | ||
Net realized and unrealized gain (loss) | [2] | 5.32 | (10.20) | ||
Change in net asset value from operations | 5.32 | (10.24) | |||
Net asset value, at March 31, 2017 | 26.61 | 31.90 | |||
Market value per share, at December 31, 2016† | [3] | 21.15 | 42.34 | ||
Market value per share, at March 31, 2017† | [3] | $ 26.45 | $ 31.95 | ||
Total Return, at net asset value | 25.00% | [4] | (24.30%) | [5] | |
Total Return, at market value | 25.10% | [4] | (24.50%) | [5] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 1.02% | 0.89% | ||
Expense ratio, excluding brokerage commissions | [6] | 0.85% | 0.85% | ||
Net investment income (loss) | [6] | (0.07%) | (0.44%) | ||
ProShares VIX Short-Term Futures ETF [Member] | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Net asset value, at December 31, 2016 | $ 23.34 | $ 84.86 | [7] | ||
Net investment income (loss) | (0.01) | (0.08) | [7] | ||
Net realized and unrealized gain (loss) | [2] | 16.43 | (32.07) | [7] | |
Change in net asset value from operations | 16.42 | (32.15) | [7] | ||
Net asset value, at March 31, 2017 | 39.76 | 52.71 | [7] | ||
Market value per share, at December 31, 2016† | [3] | 23.15 | 85.04 | [7] | |
Market value per share, at March 31, 2017† | [3] | $ 39.15 | $ 52.68 | [7] | |
Total Return, at net asset value | 70.40% | [4] | (37.90%) | [5],[7] | |
Total Return, at market value | 69.10% | [4] | (38.10%) | [5],[7] | |
Ratios to Average Net Assets | |||||
Expense ratio | [6] | 1.09% | 0.94% | [7] | |
Expense ratio, excluding brokerage commissions | [6] | 0.85% | 0.85% | [7] | |
Net investment income (loss) | [6] | (0.16%) | (0.51%) | [7] | |
[1] | Amount represents less than $0.005. | ||||
[2] | The amount shown for a share outstanding throughout the period may not accord with the change in aggregate gains and losses during the period because of timing of creation and redemption units in relation to fluctuating net asset value during the period. | ||||
[3] | Market values are determined at the close of the New York Stock Exchange, which may be later than when the Funds' net asset value is calculated. | ||||
[4] | Percentages are not annualized for the period ended March 31, 2018. | ||||
[5] | Percentages are not annualized for the period ended March 31, 2017. | ||||
[6] | Percentages are annualized. | ||||
[7] | See Note 1 of these Notes to Financial Statements. | ||||
[8] | From commencement of operations, March 24, 2017 through March 31, 2017. |
Financial Highlights - Per Sh44
Financial Highlights - Per Share Operating Performance (Parenthetical) (Detail) | Mar. 31, 2017$ / shares | |
Proshares Ultra Pro 3X Crude Oil ETF [Member] | ||
Investment Company, Financial Highlights [Line Items] | ||
Returns for a share outstanding | $ 25 | |
ProShares UltraPro 3X Short Crude Oil ETF [Member] | ||
Investment Company, Financial Highlights [Line Items] | ||
Returns for a share outstanding | $ 100 | [1] |
[1] | See Note 1 of these Notes to Financial Statements. |
Risk - Additional Information (
Risk - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2018 | |
Unusual Risk or Uncertainty [Line Items] | |
Percentage of calculation on simple inverse correlation | 200.00% |
Ultrashort Fund [Member] | |
Unusual Risk or Uncertainty [Line Items] | |
Leverage risk benchmark | 50% at any point in the day |
UltraPro Fund and UltraPro Short Fund [Member] | |
Unusual Risk or Uncertainty [Line Items] | |
Leverage risk benchmark | 33% at any point in the day |