ProShares Trust II Files 2024 10-K
Ticker: UCO · Form: 10-K · Filed: Feb 28, 2025 · CIK: 1415311
Sentiment: neutral
Topics: 10-K, ETF, financials, liquidation
TL;DR
ProShares Trust II dropped its 2024 10-K. Positions as of Dec 31, 2024. Counterparties can change.
AI Summary
ProShares Trust II filed its 10-K for the fiscal year ending December 31, 2024, on February 28, 2025. The filing details the operations and financial positions of its various ETFs, including those that were liquidated, such as ProShares Short Euro ETF and ProShares UltraShort Australian Dollar ETF as of May 12, 2022. The report specifies that positions and counterparties are as of December 31, 2024, and are subject to ongoing evaluation and change.
Why It Matters
This filing provides investors with a comprehensive overview of ProShares Trust II's financial health and operational status for the 2024 fiscal year, including details on its ETFs and counterparties.
Risk Assessment
Risk Level: low — This is a routine annual filing for an ETF trust, providing standard financial and operational disclosures.
Key Numbers
- 2024 — Fiscal Year End (The period covered by the 10-K filing.)
- 1231 — Fiscal Year End Month/Day (Indicates the end of the fiscal year is December 31st.)
- 20250228 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- ProShares Trust II (company) — Filer of the 10-K
- ProShares Short Euro ETF (company) — Previously operated ETF
- ProShares UltraShort Australian Dollar ETF (company) — Previously operated ETF
- May 12, 2022 (date) — Liquidation date for specific ETFs
- December 31, 2024 (date) — Reporting date for positions and counterparties
- February 28, 2025 (date) — Filing date of the 10-K
FAQ
What is the primary purpose of this 10-K filing for ProShares Trust II?
The 10-K filing provides a comprehensive annual report on the financial performance, operations, and risk factors of ProShares Trust II for the fiscal year ending December 31, 2024.
Which specific ETFs mentioned in the filing have been liquidated?
The filing states that ProShares Short Euro ETF and ProShares UltraShort Australian Dollar ETF were liquidated through May 12, 2022.
As of what date are the positions and counterparties reported in this filing?
The positions and counterparties are reported as of December 31, 2024.
Does the filing indicate any changes to counterparties for the Fund's transactions?
Yes, the filing explicitly states that counterparties are subject to change and new counterparties can be added at any time, as the Fund continually evaluates them.
What does a positive or negative amount represent in the context of swap agreements mentioned in the filing?
For swap agreements, a positive amount represents 'long' exposure to the benchmark index, while a negative amount represents 'short' exposure to the benchmark index.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 28, 2025 regarding ProShares Trust II (UCO).