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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Investment Income      
Interest $ 21,394,995 $ 24,497,221 $ 9,707,419
Total investment income 21,394,995 24,497,221 9,707,419
Expenses      
Sponsor’s fees 7,353,186 10,502,114 8,530,039
Brokerage commissions and fees 1,015,967 1,422,790 1,337,872
Total expenses 8,369,153 11,924,904 9,867,911
Net investment income (loss) 13,025,842 12,572,317 (160,492)
Net Realized and Unrealized Gain (Loss)      
Short-term investments 96,367 3,343 2,812
Futures contracts 25,617,934 (11,940,106) 3,410,884
Net realized gain (loss) 25,714,301 (11,936,763) 3,413,696
Net change in unrealized appreciation/depreciation on:      
Short-term investments 38,916 77,730 (59,334)
Futures contracts 136,157,900 (190,921,734) 77,224,746
Net change in unrealized appreciation/depreciation 136,196,816 (190,844,004) 77,165,412
Net realized and unrealized gain (loss) 161,911,117 (202,780,767) 80,579,108
Net increase (decrease) in net assets resulting from operations $ 174,936,959 $ (190,208,450) $ 80,418,616
Net increase (decrease) in net assets per Share (in dollars per share) [1] $ 2.79 $ (2.29) $ 1.05
[1] Net increase (decrease) in net assets per Share based on average shares outstanding during the year.