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, 2023, March 31, 2022, June 30, 2023, June 30, 2022, September 30, 2023, September 30, 2022, December 31,
2023, December 31, 2022 and the years ended December 31, 2023 and December 31, 2022 for each Fund, as applicable.
-1x Short VIX Futures ETF
Three Months Ended (Unaudited)
Year Ended
March 31,
2023
June 30,
2023
September 30,
2023
December 31,
2023
December 31,
2023
Net investment income (loss)
$ (245,278 )
$ (292,751 )
$ (324,516 )
$ (338,410 )
$ (1,200,955 )
Net realized gain (loss)
5,287,054
37,164,451
15,738,591
40,504,431
98,694,527
Net unrealized gain (loss)
6,173,774
(811,301 )
(12,928,171 )
13,578,943
6,013,245
Net income (loss)
$ 11,215,550
$ 36,060,399
$ 2,485,904
$ 53,744,964
$ 103,506,817
Net increase (decrease) in net asset value per share
$ 1.92
$ 11.58
$ (0.10 )
$ 9.75
$ 23.15
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,
2023
June 30,
2023
September 30,
2023
December 31,
2023
December 31,
2023
Net investment income (loss)
$
(394,807
)
$
(359,369
)
$
(230,646
)
$
(189,624
)
$
(1,174,446
)
Net realized gain (loss)
(43,229,755
)
(142,872,642
)
(42,049,000
)
(48,623,098
)
(276,774,495
)
Net unrealized gain (loss)
(6,212,853
)
(4,374,661
)
30,931,703
(19,318,285
)
1,025,904
Net income (loss)
$
(49,837,415
)
$
(147,606,672
)
$
(11,347,943
)
$
(68,131,007
)
$
(276,923,037
)
Net increase (decrease) in net asset value per share
$
(133.70
)
$
(114.40
)
$
(9.70
)
$
(20.98
)
$
(278.78
)
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
)
27
Item 9. Changes in and Disagreements With Accountants
on Accounting and Financial Disclosure.
Not applicable.
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