Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data.
Statement of Operations for the three month periods ended March 31,
2022, June 30, 2022, September 30, 2022, and December 31, 2022 and the year ended
December 31, 2022 for each Fund, as applicable.
-1x Short VIX Futures ETF
Three Months Ended (Unaudited)
Year Ended
March 31,
2022
June 30,
2022
September 30,
2022
December 31,
2022
December 31,
2022
Net investment income (loss)
$ (1,793 )
$ (242,779 )
$ (230,841 )
$ (262,043 )
$ (737,456 )
Net realized gain (loss)
(4,078 )
(4,573,052 )
8,077,788
13,073,170
16,573,828
Net unrealized gain (loss)
(135,277 )
835,808
(6,278,300 )
6,733,875
1,156,106
Net income (loss)
$ (141,148 )
$ (3,980,023 )
$ 1,568,647
$ 19,545,002
$ 16,992,478
Net increase (decrease) in net asset value per share
$ (0.84 )
$ (3.76 )
$ (0.06 )
$ 4.29
$ (0.37 )
2x Long VIX Futures ETF
Three Months Ended (Unaudited)
Year Ended
March 31,
2022
June 30,
2022
September 30,
2022
December 31,
2022
December 31,
2022
Net investment income (loss)
$ (1,777 )
$ (180,611 )
$ (495,723 )
$ (513,241 )
$ (1,191,352 )
Net realized gain (loss)
(454 )
7,528,449
(22,686,414 )
(52,140,413 )
(67,298,832 )
Net unrealized gain (loss)
276,202
(256,944 )
20,574,735
(29,797,515 )
(9,203,522 )
Net income (loss)
$ 273,971
$ 7,090,894
$ (2,607,402 )
$ (82,451,169 )
$ (77,693,706 )
Net increase (decrease) in net asset value per share
$ 1.64
$ 0.48
$ (3.25 )
$ (8.02 )
$ (9.15 )
24
Item 9. Changes in and Disagreements With Accountants on
Accounting and Financial Disclosure.
Not applicable.
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