ProShares Trust II Files 10-Q for Q2 2024
Ticker: UCO · Form: 10-Q · Filed: Aug 8, 2024 · CIK: 1415311
Sentiment: neutral
Topics: 10-Q, ETF, financials
TL;DR
ProShares Trust II dropped its Q2 10-Q. All systems go.
AI Summary
ProShares Trust II filed its 10-Q for the period ending June 30, 2024. The filing details its financial performance and operations. The company is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This filing provides investors with a quarterly update on ProShares Trust II's financial health and operational status, crucial for understanding the performance of its investment products.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing for an ETF issuer, not indicating any unusual or immediate risks.
Key Numbers
- 1231 — Fiscal Year End (Indicates when the company's financial year concludes.)
- 240-497-6400 — Business Phone (Contact number for ProShares Trust II.)
Key Players & Entities
- ProShares Trust II (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240808 (date) — Filing date
- 001-34200 (dollar_amount) — SEC File Number
- 7501 WISCONSIN AVE SUITE 1000 BETHESDA MD 20814 (company) — Business and Mail Address
FAQ
What is the primary business of ProShares Trust II?
ProShares Trust II is involved in the business of ETFs, as indicated by its SIC code [6221] and its filing as a trust.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on August 8, 2024.
What period does this 10-Q report cover?
This report covers the fiscal period ending on June 30, 2024.
Where is ProShares Trust II headquartered?
ProShares Trust II is headquartered in Bethesda, Maryland, at 7501 Wisconsin Ave, Suite 1000.
What is the SEC file number for ProShares Trust II?
The SEC file number for ProShares Trust II is 001-34200.
Filing Stats: 4,011 words · 16 min read · ~13 pages · Grade level 13.6 · Accepted 2024-08-08 13:16:27
Key Financial Figures
- $0 — ad 147,109,561 shares of common stock, $0 par value per share, outstanding. Tab
Filing Documents
- d880616d10q.htm (10-Q) — 7037KB
- d880616dex311.htm (EX-31.1) — 11KB
- d880616dex312.htm (EX-31.2) — 11KB
- d880616dex321.htm (EX-32.1) — 4KB
- d880616dex322.htm (EX-32.2) — 4KB
- 0001193125-24-196799.txt ( ) — 18688KB
- ck0001415311-20240630.xsd (EX-101.SCH) — 61KB
- ck0001415311-20240630_cal.xml (EX-101.CAL) — 29KB
- ck0001415311-20240630_def.xml (EX-101.DEF) — 370KB
- ck0001415311-20240630_lab.xml (EX-101.LAB) — 336KB
- ck0001415311-20240630_pre.xml (EX-101.PRE) — 419KB
- d880616d10q_htm.xml (XML) — 4619KB
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION
Financial Statements (unaudited)
Item 1. Financial Statements (unaudited). 1
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. 126
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk. 173
Controls and Procedures
Item 4. Controls and Procedures. 187
OTHER INFORMATION
Part II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings. 189
Risk Factors
Item 1A. Risk Factors. 189
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 190
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities. 192
Mine Safety Disclosures
Item 4. Mine Safety Disclosures. 192
Other Information
Item 5. Other Information. 192
Exhibits
Item 6. Exhibits. 192 Table of Contents
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION Item1.
Financial Statements
Financial Statements. Index Documents Page ProShares Short VIX Short-Term Futures ETF 2 ProShares Ultra Bloomberg Crude Oil 7 ProShares Ultra Bloomberg Natural Gas 12 ProShares Ultra Euro 17 ProShares Ultra Gold 22 ProShares Ultra Silver 27 ProShares Ultra VIX Short-Term Futures ETF 32 ProShares Ultra Yen 37 ProShares UltraShort Bloomberg Crude Oil 42 ProShares UltraShort Bloomberg Natural Gas 47 ProShares UltraShort Euro 52 ProShares UltraShort Gold 57 ProShares UltraShort Silver 62 ProShares UltraShort Yen 67 ProShares VIX Mid-Term Futures ETF 72 ProShares VIX Short-Term Futures ETF 77 ProShares Trust II 82
Notes to Financial Statements
Notes to Financial Statements 86 1 Table of Contents PROSHARES SHORT VIX SHORT-TERM FUTURES ETF June 30, 2024 (unaudited) December 31, 2023 Assets Short-term U.S. government and agency obligations (Note 3) (cost $ 169,045,239 and $ 109,391,681 , respectively) $ 169,047,283 $ 109,410,342 Cash 33,687,181 54,492,235 Segregated cash balances with brokers for futures contracts 90,095,318 88,647,616 Receivable on open futures contracts 7,748,578 30,330,665 Interest receivable 496,309 456,930 Total assets 301,074,669 283,337,788 Liabilities and shareholders' equity Liabilities Payable for capital shares redeemed — 15,522,316 Payable on open futures contracts 2,131,041 372,680 Brokerage commissions and futures account fees payable — 9,571 Payable to Sponsor 231,113 248,862 Total liabilities 2,362,154 16,153,429 Commitments and Contingencies (Note 2) Shareholders' equity Shareholders' equity 298,712,515 267,184,359 Total liabilities and shareholders' equity $ 301,074,669 $ 283,337,788 Shares outstanding (Note 1) 4,868,614 5,168,614 Net asset value per share (Note 1) $ 61.35 $ 51.69 Market value per share (Note 1) (Note 2) $ 61.39 $ 51.70 See accompanying notes to financial statements. 2 Table of Contents PROSHARES SHORT VIX SHORT-TERM FUTURES ETF SCHEDULE OF INVESTMENTS JUNE 30, 2024 (unaudited) Principal Amount Value Short-term U.S. government and agency obligations ( 57 % of shareholders' equity) U.S. Treasury Bills ^^ : 5.288 % due 07/09/24 $ 80,000,000 $ 79,906,936 5.321 % due 09/05/24 90,000,000 89,140,347 Total short-term U.S. government and agency obligations (cost $ 169,045,239 ) $ 169,047,283 Futures Contracts Sold Number of Contracts Notional Amount at Value Unrealized Appreciation (Depreciation)/Value VIX Futures - Cboe, expires July 2024 5,997 $ 84,094,732 $ 2,965,349