Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities.
a) The
Shares of each Fund that has commenced investment operations are listed in the accompanying table. The dates the Shares of each Fund
began trading, their symbols and their primary listing exchange are indicated below:
Fund
Commencement
of Operations
Ticker
Symbol
Name
of each exchange
on which registered
-1x Short VIX Futures ETF
28-Mar-22
SVIX
Cboe BZX Exchange
2x Long VIX Futures ETF
28-Mar-22
UVIX
Cboe BZX Exchange
The approximate number of holders of the Shares
of each Fund as of December 31, 2024 was as follows:
Fund
Number of
Units
-1x Short VIX Futures ETF
11,820,000
2x Long VIX Futures ETF (1)
5,531,498
Combined Trust:
17,351,498
(1) Approximate shareholders have been adjusted to reflect
a 1:10 reverse stock split on January 15, 2025, as if it occurred at the commencement of operations.
The Funds made no distributions to Shareholders
during the fiscal year ended December 31, 2024. The Funds have no obligation to make periodic distributions to Shareholders.
The approximate number of holders of the Shares
of each Fund as of December 31, 2023 was as follows:
Fund
Number of
Units
-1x Short VIX Futures ETF
3,310,000
2x Long VIX Futures ETF (1)
507,498
Combined Trust:
3,817,498
(1) Approximate shareholders have been adjusted to reflect a
1:5 reverse stock split on January 25, 2023, a 1:10 reverse stock split on October 11, 2023, and a 1:10 reverse stock split on January
15, 2025, as if they occurred at the commencement of operations.
The Funds made no distributions to Shareholders
during the fiscal year ended December 31, 2023. The Funds have no obligation to make periodic distributions to Shareholders.
b)
The following tables reflect
the shares sold and the sale price of the shares sold for three months and for the year ended December 31, 2024 and December 31,
2023.
Title of Securities Registered
Amount Registered as of
December 31, 2024
Shares Sold
For the
Three
Months Ended
December 31,
2024 (1)
Sale Price of
Shares Sold For
the
Three Months
Ended
December 31,
2024
Shares Sold
For the
Year Ended
December 31,
2024 (1)
Sale Price of
Shares Sold
For the
Year Ended
December 31,
2024
-1x Short VIX Futures ETF
Common Units of Beneficial Interest
An indeterminant amount of securities
3,410,000
$ 88,657,561
29,460,000
$ 828,649,566
2x Long VIX Futures ETF
Common Units of Beneficial Interest
An indeterminant amount of securities
9,561,000
349,935,390
15,789,000
742,224,982
(1) For 2x Long VIX Futures ETF, financial highlights have
been adjusted to reflect a 1:10 reverse stock split on January 15, 2025, as if it occurred at the commencement of operations.
18
Title of Securities Registered
Amount Registered as of
December 31, 2023
Shares
Sold
For the
Three Months
Ended
December 31,
2023 (1)
Sale Price of
Shares Sold For
the
Three Months
Ended
December 31,
2023
Shares
Sold
For the
Year Ended
December 31,
2023 (1)
Sale Price of
Shares Sold
For the
Year Ended
December 31,
2023
-1x Short VIX Futures ETF
Common Units of Beneficial Interest
An indeterminant amount of securities
3,480,000
$ 95,149,781
13,120,000
$ 282,198,849
2x Long VIX Futures ETF
Common Units of Beneficial Interest
An indeterminant amount of securities
454,000
100,236,544
947,000
469,583,438
(1) For 2x Long VIX Futures ETF, financial highlights have been
adjusted to reflect a 1:5 reverse stock split occurring on January 25, 2023, a 1:10 reverse stock split occurring on October 11, 2023,
and a 1:10 reverse stock split occurring on January 15, 2025, as if they occurred at the commencement of operations.
c)
From October 1, 2024 through December 31, 2024, the
number of Shares redeemed and average price per Share for each Fund were as follows:
Fund
Total
Number of
Shares
Redeemed (1)
Average
Price Per
Share
-1x Short VIX Futures ETF
10/01/2024 to 10/31/2024
(430,000 )
$ 25.25
11/01/2024 to 11/30/2024
(110,000 )
28.82
12/01/2024 to 12/31/2024
(2,790,000 )
28.29
2x Long VIX Futures ETF
10/01/2024 to 10/31/2024
(1,275,000 )
5.51
11/01/2024 to 11/30/2024
(1,555,000 )
3.84
12/01/2024 to 12/31/2024
(4,728,000 )
4.01
(1) For 2x Long VIX Futures ETF, financial highlights have been
adjusted to reflect a 1:10 reverse stock split occurring on January 15, 2025, as if it occurred at the commencement of operations.
From October 1, 2023 through December 31, 2023,
the number of Shares redeemed and average price per Share for each Fund were as follows:
Fund
Total
Number of
Shares
Redeemed (1)
Average
Price Per
Share
-1x Short VIX Futures ETF
10/01/2023 to 10/31/2023
(180,000 )
25.82
11/01/2023 to 11/30/2023
(3,060,000 )
31.79
12/01/2023 to 12/31/2023
(870,000 )
36.82
2x Long VIX Futures ETF
10/01/2023 to 10/31/2023
(66,703 )
38.26
11/01/2023 to 11/30/2023
(31,000 )
21.02
12/01/2023 to 12/31/2023
(103,000 )
15.91
(1) For 2x Long VIX Futures ETF, financial highlights have been
adjusted to reflect a 1:5 reverse stock split occurring on January 25, 2023, a 1:10 reverse stock split occurring on October 11, 2023,
and a 1:10 reverse stock split occurring on January 15, 2025, as if they occurred at the commencement of operations.
19
Item 6. [Reserved].
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.