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Investments (Tables)
 12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Fair Value of Derivative Instruments

The following tables indicate the location of derivative related items on the Statement of Financial Condition as well as the effect of derivative instruments on the Statement of Operations during the reporting period.

Fair Value of Derivative Instruments

as of December 31, 2016

 

   

Assets Derivatives

    

Liability Derivatives

  

Derivatives not

accounted for

as hedging

instruments

  

Statements of

Financial

Condition

Location

  

Fund

   Unrealized
Appreciation		    

Statements of

Financial

Condition

Location

  

Fund

   Unrealized
Depreciation		  

VIX Futures Contracts

  

Receivables on open futures contracts

  

ProShares VIX Short-Term Futures ETF

   $ 2,273,874 *   

Payable on open futures contracts

  

ProShares VIX Short-Term Futures ETF

   $ 2,742,526 * 
   

ProShares VIX Mid- Term Futures ETF

     68,375 *     

ProShares VIX Mid-Term Futures ETF

     1,356,620 * 
   

ProShares Ultra VIX Short-Term Futures ETF

     13,594,875 *     

ProShares Short VIX Short-Term Futures ETF

     10,309,611 * 
         

ProShares Ultra VIX Short-Term Futures ETF

     21,567,112 * 

Commodities Contracts

  

Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements

  

ProShares UltraShort Gold

    
 3,052,546
 * 
  

Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements

  

ProShares UltraShort Bloomberg Crude Oil

     13,633,696 * 
   

ProShares UltraShort Silver

  

 

1,411,556

* 

    

ProShares UltraShort Bloomberg Natural Gas

     482,031 * 
   

ProShares Ultra Bloomberg Crude Oil

     60,895,736 *     

ProShares Ultra

Gold

     4,450,067 * 
   

ProShares Ultra Bloomberg Natural Gas

    
 2,536,720
 * 
    

ProShares Ultra Silver

  

 

21,003,549

* 

Foreign Exchange Contracts

  

Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts

  

ProShares Short Euro

    
 132,900
 * 
  

Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts

  

ProShares UltraShort Euro

     356,139   
   

ProShares UltraShort Australian Dollar

     1,182,340 *     

ProShares UltraShort Yen

    
 125,420
   
   

ProShares UltraShort Euro

     16,519,070       

ProShares Ultra Euro

  

 

576,558

  
   

ProShares UltraShort Yen

    
 16,870,357
   
    

ProShares Ultra Yen

    
 342,455
   
   

ProShares Ultra Euro

     2,548         
   

ProShares Ultra Yen

     379         
     

 

 

        

 

 

  
   

Total Trust

   $ 118,541,276 *     

Total Trust

   $ 76,945,784 * 

 

* Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures contracts.

 

Fair Value of Derivative Instruments

as of December 31, 2015

 

   

Assets Derivatives

    

Liability Derivatives

  

Derivatives not

accounted for

as hedging

instruments

  

Statements of

Financial

Condition

Location

  

Fund

   Unrealized
Appreciation		    

Statements of

Financial

Condition

Location

  

Fund

   Unrealized
Depreciation		  

VIX Futures Contracts

  

Receivables on open futures contracts

  

ProShares VIX Mid- Term Futures ETF

   $ 10,005 *   

Payable on open futures contracts

  

ProShares VIX Short- Term Futures ETF

   $ 1,078,625 * 
   

ProShares Short VIX Short-Term Futures ETF

     10,805,245 *     

ProShares VIX Mid-Term Futures ETF

     354,365 * 
   

ProShares Ultra VIX Short-Term Futures ETF

     11,894,466 *     

ProShares Short VIX Short-Term Futures ETF

     58,830 * 

Commodities Contracts

  

Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements

  

ProShares UltraShort Bloomberg Crude Oil

     8,877,169 *   

Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements

  

ProShares UltraShort Bloomberg Natural Gas

     2,471,164 * 
   

ProShares Ultra Bloomberg Natural Gas

     6,312,879 *     

ProShares Ultra Bloomberg Crude Oil

     90,105,903 * 
   

ProShares UltraShort Gold

     1,814,162 *     

ProShares Ultra Gold

     2,255,795 * 
   

ProShares UltraShort Silver

     4,784,249 *     

ProShares Ultra Silver

     22,570,131 * 

Foreign Exchange Contracts

  

Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts

  

ProShares Short Euro

     243,438 *   

Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts

  

ProShares UltraShort Australian Dollar

     420,270 * 
   

ProShares UltraShort Yen

     933,727       

ProShares UltraShort Euro

     28,710,336   
   

ProShares Ultra Euro

     604,920       

ProShares UltraShort Yen

     14,829,179   
   

ProShares Ultra Yen

     267,014       

ProShares Ultra Yen

     5,703   
     

 

 

        

 

 

  
   

Total Trust**

   $ 46,547,274 *     

Total Trust**

   $ 162,860,301 * 

 

* Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures contracts.
** Amounts exclude the activity of: ProShares Managed Futures Strategy which liquidated on March 30, 2016, ProShares UltraShort Bloomberg Commodity and ProShares Ultra Bloomberg Commodity which liquidated on September 1, 2016.
Effect of Derivative Instruments on Statements of Operations

The Effect of Derivative Instruments on the Statements of Operations

For the year ended December 31, 2016

 

Derivatives not accounted

for as hedging instruments

   

Location of Gain

(Loss) on Derivatives
Recognized in Income

   

Fund

    Realized Gain
(Loss) on Derivatives
Recognized in Income		     Change in
Unrealized
Appreciation/ 
Depreciation on
Derivatives
Recognized in
Income		  

VIX Futures Contracts

   

Net realized gain (loss) on futures contracts/ changes in unrealized appreciation/ depreciation on futures contracts

   

ProShares VIX Short-Term Futures ETF

    $ (195,475,791 )    $ 609,973   
     

ProShares VIX Mid-Term Futures ETF

      (11,085,506 )      (943,885 ) 
     

ProShares Short VIX Short-Term Futures ETF

      440,391,389        (21,056,026 ) 
     

ProShares Ultra VIX Short-Term Futures ETF

      (1,567,340,688 )      (19,866,703 ) 

Commodity Contracts

   

Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements

   

ProShares UltraShort Bloomberg Crude Oil

      (67,752,164 )      (22,510,865 ) 
     

ProShares UltraShort Bloomberg Natural Gas

      586,860        1,989,133   
     

ProShares UltraShort Gold

      (12,240,751 )      1,238,384   
     

ProShares UltraShort Silver

      (17,554,714 )      (3,372,693 ) 
     

ProShares Ultra Bloomberg Crude Oil

      74,061,040        151,001,639   
     

ProShares Ultra Bloomberg Natural Gas

      17,571,809        (3,776,159 ) 
     

ProShares Ultra Gold

      5,816,565        (2,194,272 ) 
     

ProShares Ultra Silver

      62,342,441        1,566,582   

Foreign Exchange Contracts

   

Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts

   

ProShares Short Euro

      663,774        (110,538 ) 
     

ProShares UltraShort Australian Dollar

      (2,787,204 )      1,602,610   
     

ProShares UltraShort Euro

      (25,711,518 )      44,873,267   
     

ProShares UltraShort Yen

      (22,220,271 )      30,640,389   
     

ProShares Ultra Euro

      138,959        (1,178,930 ) 
     

ProShares Ultra Yen

      717,086        (603,387 ) 
        

 

 

    

 

 

  
     

Total Trust

    $ (1,319,878,684 )    $ 157,908,519   

 

The Effect of Derivative Instruments on the Statements of Operations

For the year ended December 31, 2015

 

Derivatives not accounted for as
hedging instruments

   

Location of Gain or

(Loss) on Derivatives

Recognized in Income

   

Fund

    Realized Gain
or (Loss) on
Derivatives
Recognized in Income		     Change in
Unrealized
Appreciation or
Depreciation on
Derivatives
Recognized in
Income		  

VIX Futures Contracts

   

Net realized gain (loss) on futures contracts / changes in unrealized appreciation/ depreciation on futures contracts

   

ProShares VIX Short-Term Futures ETF

    $ (19,408,543 )    $ (7,343,245 ) 
     

ProShares VIX Mid-Term Futures ETF

      (3,335,936 )      (605,025 ) 
     

ProShares Short VIX Short-Term Futures ETF

      69,793,028       27,098,564  
     

ProShares Ultra VIX Short-Term Futures ETF

      (392,174,228 )      (27,690,787 ) 

Commodity Contracts

   

Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements

   

ProShares UltraShort Bloomberg Crude Oil

      91,670,324       (33,947,511 ) 
     

ProShares UltraShort Bloomberg Natural Gas

      15,212,804       (6,412,629 ) 
     

ProShares UltraShort Gold

      12,707,635       4,101,460  
     

ProShares UltraShort Silver

      10,759,545       4,187,736  
     

ProShares Ultra Bloomberg Crude Oil

      (896,177,096 )      32,549,981  
     

ProShares Ultra Bloomberg Natural Gas

      (100,776,817 )      41,202,162  
     

ProShares Ultra Gold

      (18,605,815 )      (4,311,529 ) 
     

ProShares Ultra Silver

      (78,309,309 )      (10,173,451 ) 

Foreign Exchange Contracts

   

Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts

   

ProShares Short Euro

      1,559,425       (141,893 ) 
     

ProShares UltraShort Australian Dollar

      4,330,463       (1,163,751 ) 
     

ProShares UltraShort Euro

      131,651,572       (45,473,330 ) 
     

ProShares UltraShort Yen

      8,809,464       (12,316,677 ) 
     

ProShares Ultra Euro

      (1,982,208 )      708,291  
     

ProShares Ultra Yen

      (472,913 )      276,556  
        

 

 

    

 

 

  
     

Total Trust*

    $ (1,164,748,605 )    $ (39,455,078 ) 

 

* Amounts exclude the activity of: ProShares Managed Futures Strategy which liquidated on March 30, 2016, ProShares UltraShort Bloomberg Commodity and ProShares Ultra Bloomberg Commodity which liquidated on September 1, 2016.

 

The Effect of Derivative Instruments on the Statements of Operations

For the year ended December 31, 2014

 

Derivatives not accounted for as

hedging instruments

   

Location of Gain or

(Loss) on Derivatives

Recognized in Income

   

Fund

    Realized Gain
or (Loss) on
Derivatives
Recognized in
Income		     Change in
Unrealized
Appreciation or
Depreciation on
Derivatives
Recognized  in
Income		  

VIX Futures Contracts

   

Net realized gain (loss) on futures contracts / changes in unrealized appreciation/ depreciation on futures contracts

   

ProShares VIX Short-Term Futures ETF

    $ (694,347 )    $ 22,917,306  
     

ProShares VIX Mid-Term Futures ETF

      (14,378,810 )      5,157,354  
     

ProShares Short VIX Short-Term Futures ETF

      76,925,998       (24,469,104 ) 
     

ProShares Ultra VIX Short-Term Futures ETF

      (139,412,525 )      63,595,164  

Commodity Contracts

   

Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements

   

ProShares UltraShort Bloomberg Crude Oil

      99,327,097       46,390,353  
     

ProShares UltraShort Bloomberg Natural Gas

      8,791,719       2,899,165  
     

ProShares UltraShort Gold

      (5,316,482 )      (7,934,871 ) 
     

ProShares UltraShort Silver

      15,114,883       2,810,170  
     

ProShares Ultra Bloomberg Crude Oil

      (243,325,957 )      (125,240,438 ) 
     

ProShares Ultra Bloomberg Natural Gas

      (6,464,796 )      (31,232,744 ) 
     

ProShares Ultra Gold

      (9,674,333 )      8,883,268  
     

ProShares Ultra Silver

      (155,551,420 )      (9,889,600 ) 

Foreign Exchange Contracts

   

Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts

   

ProShares Short Euro

      1,593,048       418,562  
     

ProShares UltraShort Australian Dollar

      2,296,216       (174,124 ) 
     

ProShares UltraShort Euro

      83,678,955       30,511,501  
     

ProShares UltraShort Yen

      127,846,225       (30,965,459 ) 
     

ProShares Ultra Euro

      (420,533 )      (204,333 ) 
     

ProShares Ultra Yen

      (540,398 )      144,064  
        

 

 

    

 

 

  
     

Total Trust*

    $ (160,205,460 )    $ (46,383,766 ) 

 

* Amounts exclude the activity of ProShares Ultra Australian Dollar which liquidated on June 29, 2015, ProShares Managed Futures Strategy which liquidated on March 30, 2016, ProShares UltraShort Bloomberg Commodity and ProShares Ultra Bloomberg Commodity which liquidated on September 1, 2016.

 
Offsetting of Financial Assets and Liabilities

The following table presents each Fund’s derivatives by investment type and by counterparty net of amounts available for offset under a master netting agreement and the related collateral received or pledged by the Funds as of December 31, 2016:

 

     Fair Values of Derivative Instruments as of December 31, 2016  
     Assets      Liabilities  
     Gross
Amounts of
Recognized
Assets
presented in
the Statements
of Financial
Condition		      Gross
Amounts
Offset in the
the Statements
of Financial
Condition		      Net Amounts of
Assets
presented in
the Statements
of Financial
Condition		      Gross
Amounts of
Recognized
Liabilities
presented in
the Statements
of Financial
Condition		      Gross
Amounts
Offset in the
Statements
of Financial
Condition		      Net Amounts of
Liabilities
presented in
the Statements
of Financial
Condition		  

ProShares UltraShort Bloomberg

Crude Oil Swap agreements

    $ —         $ —         $ —         $ 12,206,881       $ —         $ 12,206,881   

ProShares UltraShort Gold

                  

Forward agreements

      3,033,566         —           3,033,566         —           —           —     

ProShares UltraShort Silver

                  

Forward agreements

      1,384,246         —           1,384,246         —           —           —     

ProShares UltraShort Euro

                  

Foreign currency

forward contracts

      16,519,070         —           16,519,070         356,139         —           356,139   

ProShares UltraShort Yen

                  

Foreign currency

forward contracts

      16,870,357         —           16,870,357         125,420         —           125,420   

ProShares Ultra Bloomberg Crude

Oil Swap agreements

      55,358,571         —           55,358,571         —           —           —     

ProShares Ultra Gold

                  

Forward agreements

      —           —           —           4,431,107         —           4,431,107   

ProShares Ultra Silver

                  

Forward agreements

      —           —           —           20,976,189         —           20,976,189   

ProShares Ultra Euro

                  

Foreign currency

forward contracts

      2,548         —           2,548         576,558         —           576,558   

ProShares Ultra Yen

                  

Foreign currency

forward contracts

      379         —           379         342,455         —           342,455   

 

 

The following table presents each Fund’s derivatives by investment type and by counterparty net of amounts available for offset

under a master netting agreement and the related collateral received or pledged by the Funds as of December 31, 2015:

 

     Fair Values of Derivative Instruments as of December 31, 2015  
     Assets      Liabilities  
     Gross
Amounts of
Recognized
Assets
presented in
the Statements
of Financial
Condition		      Gross
Amounts
Offset in the
the Statements
of Financial
Condition		      Net Amounts of
Assets
presented in
the Statements
of Financial
Condition		      Gross
Amounts of
Recognized
Liabilities
presented in
the Statements
of Financial
Condition		      Gross
Amounts
Offset in the
Statements
of Financial
Condition		      Net Amounts of
Liabilities
presented in
the Statements
of Financial
Condition		  

ProShares UltraShort Bloomberg Crude Oil Swap agreements

    $ 6,412,656      $ —        $ 6,412,656      $ —        $ —        $ —    

ProShares UltraShort Gold

                  

Forward agreements

      1,808,942        —          1,808,942        —          —          —    

ProShares UltraShort Silver

                  

Forward agreements

      4,778,279        —          4,778,279        —          —          —    

ProShares UltraShort Euro

                  

Foreign currency

forward contracts

      —          —          —          28,710,336        —          28,710,336  

ProShares UltraShort Yen

                  

Foreign currency

forward contracts

      933,727        —          933,727        14,829,179        —          14,829,179  

ProShares Ultra Bloomberg Crude Oil Swap agreements

      —          —          —          72,176,589        —          72,176,589  

ProShares Ultra Gold

                  

Forward agreements

      —          —          —          2,250,595        —          2,250,595  

ProShares Ultra Silver

                  

Forward agreements

      —          —          —          22,561,101        —          22,561,101  

ProShares Ultra Euro

                  

Foreign currency

forward contracts

      604,920        —          604,920        —          —          —    

ProShares Ultra Yen

                  

Foreign currency

forward contracts

      267,014        —          267,014        5,703        —          5,703  

 
Gross Amounts Not Offset in Statements of Financial Condition

Asset (Liability) amounts shown in the table below represent amounts owed to (by) the Funds for the derivative-related investments at December 31, 2016. These amounts may be collateralized by cash or financial instruments, segregated for the benefit of the Funds or the counterparties, depending on whether the related contracts are in an appreciated or depreciated position at period end. Amounts shown in the column labeled “Net Amount” represent the uncollateralized portions of these amounts at period end. These amounts may be un-collateralized due to timing differences related to market movements or due to minimum thresholds for collateral movement, as further described above under the caption “Accounting for Derivative Instruments”.

 

 

Gross Amounts Not Offset in the Statements of Financial Condition as of December 31, 2016

  
     Amounts of
Recognized
Assets /
(Liabilities)
presented in the
Statements  of
Financial
Condition		     Financial
Instruments for
the Benefit of
(the Funds) / the
Counterparties		     Cash Collateral
for the Benefit of
(the Funds) / the
Counterparties		     Net Amount  

ProShares UltraShort Bloomberg Crude Oil

         

Citibank N.A.

    $ (4,742,191 )    $ 4,742,191     $ —       $ —    

Goldman Sachs International

      (3,061,395 )      3,061,395       —         —    

Societe Generale S.A.

      (1,050,699 )      1,050,699       —         —    

UBS AG

      (3,352,596 )      3,352,596       —         —    

ProShares UltraShort Gold

         

Citibank N.A.

      1,147,811       —         —         1,147,811  

Goldman Sachs International

      881,454       (874,948 )      —         6,506  

Societe Generale S.A.

      393,006       (393,006 )      —         —    

UBS AG

      611,295       —         (611,295 )      —    

ProShares UltraShort Silver

         

Citibank N.A.

      610,478       —         —         610,478  

Goldman Sachs International

      323,829       (323,829 )      —         —    

Societe Generale S.A.

      86,543       (86,543 )      —         —    

UBS AG

      363,396       —         (363,396 )      —    

ProShares UltraShort Euro

         

Goldman Sachs International

      8,109,067       (8,109,067 )      —         —    

UBS AG

      8,053,864       —         (8,053,864 )      —    

ProShares UltraShort Yen

         

Goldman Sachs International

      8,256,779       (7,771,819 )      —         484,960  

UBS AG

      8,488,158       —         (7,980,000 )      508,158  

ProShares Ultra Bloomberg Crude Oil

         

Citibank N.A.

      18,427,009       —         —         18,427,009  

Goldman Sachs International

      14,016,906       (14,016,906 )      —         —    

Societe Generale S.A.

      8,661,821       (8,661,821 )      —         —    

UBS AG

      14,252,835       —         (14,252,835 )      —    

ProShares Ultra Gold

         

Citibank N.A.

      (1,464,982 )      1,464,982       —         —    

Goldman Sachs International

      (1,112,916 )      1,112,916       —         —    

Societe Generale S.A.

      (643,587 )      643,587       —         —    

UBS AG

      (1,209,622 )      1,209,622       —         —    

ProShares Ultra Silver

         

Citibank N.A.

      (6,946,009 )      6,946,009       —         —    

Goldman Sachs International

      (5,869,092 )      5,869,092       —         —    

Societe Generale S.A.

      (2,532,729 )      2,532,729       —         —    

UBS AG

      (5,628,359 )      5,628,359       —         —    

ProShares Ultra Euro

         

Goldman Sachs International

      (239,256 )      239,256       —         —    

UBS AG

      (334,754 )      334,754       —         —    

ProShares Ultra Yen

         

Goldman Sachs International

      (219,736 )      219,736       —         —    

UBS AG

      (122,340 )      122,340       —         —    

Asset (Liability) amounts shown in the table below represent amounts owed to (by) the Funds for the derivative-related investments at December 31, 2015. These amounts may be collateralized by cash or financial instruments, segregated for the benefit of the Funds or the counterparties, depending on whether the related contracts are in an appreciated or depreciated position at period end. Amounts shown in the column labeled “Net Amount” represent the uncollateralized portions of these amounts at period end. These amounts may be un-collateralized due to timing differences related to market movements or due to minimum thresholds for collateral movement, as further described above under the caption “Accounting for Derivative Instruments”.

 

Gross Amounts Not Offset in the Statements of Financial Condition as of December 31, 2015

  
     Amounts of
Recognized
Assets /
(Liabilities)
presented in the
Statements of
Financial
Condition		     Financial
Instruments for
the Benefit of
(the Funds) / the
Counterparties		     Cash Collateral
for the Benefit of
(the Funds) / the
Counterparties		     Net Amount  

ProShares UltraShort Bloomberg Crude Oil

         

Citibank N.A.

    $ 1,098,278     $ —       $ —       $ 1,098,278  

Deutsche Bank AG

      1,722,894       —         (1,722,894 )      —    

Goldman Sachs International

      1,595,552       (1,595,552 )      —         —    

Societe Generale S.A.

      521,142       (521,142 )      —         —    

UBS AG

      1,474,790       (1,474,790 )      —         —    

ProShares UltraShort Gold

         

Citibank N.A.

      3,915       —         —         3,915  

Deutsche Bank AG

      1,046,664       —         (1,046,664 )      —    

Goldman Sachs International

      158,827       —         —         158,827  

Societe Generale S.A.

      212,680       (212,680 )      —         —    

UBS AG

      386,856       (386,856 )      —         —    

ProShares UltraShort Silver

         

Deutsche Bank AG

      2,500,263       —         (2,500,000 )      263  

Goldman Sachs International

      1,044,986       (858,460 )      —         186,526  

Societe Generale S.A.

      438,975       (438,975 )      —         —    

UBS AG

      794,055       (582,692 )      —         211,363  

ProShares UltraShort Euro

         

Goldman Sachs International

      (14,992,024 )      14,992,024       —         —    

UBS AG

      (13,718,312 )      13,718,312       —         —    

ProShares UltraShort Yen

         

Goldman Sachs International

      (6,470,405 )      6,470,405       —         —    

UBS AG

      (7,425,047 )      7,425,047       —         —    

ProShares Ultra Bloomberg Crude Oil

         

Citibank N.A.

      (2,509,989 )      2,509,989       —         —    

Deutsche Bank AG

      (20,221,872 )      20,221,872       —         —    

Goldman Sachs International

      (20,806,119 )      20,806,119       —         —    

Societe Generale S.A.

      (6,357,459 )      6,357,459       —         —    

UBS AG

      (22,281,150 )      22,281,150       —         —    

ProShares Ultra Gold

         

Citibank N.A.

      (4,614 )      —         —         (4,614 ) 

Deutsche Bank AG

      (1,049,383 )      1,049,383       —         —    

Goldman Sachs International

      (520,730 )      520,730       —         —    

Societe Generale S.A.

      (244,992 )      244,992       —         —    

UBS AG

      (430,876 )      430,876       —         —    

ProShares Ultra Silver

         

Deutsche Bank AG

      (9,355,945 )      9,355,945       —         —    

Goldman Sachs International

      (5,106,853 )      5,106,853       —         —    

Societe Generale S.A.

      (2,704,459 )      2,704,459       —         —    

UBS AG

      (5,393,844 )      5,393,844       —         —    

ProShares Ultra Euro

         

Goldman Sachs International

      315,354       (315,354 )      —         —    

UBS AG

      289,566       (289,566 )      —         —    

ProShares Ultra Yen

         

Goldman Sachs International

      169,787       —         —         169,787  

UBS AG

      91,524       —         —         91,524