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Net Asset Value and Financial Highlights (Tables)
6 Months Ended
Dec. 31, 2019
Net Asset Value And Financial Highlights [Abstract]  
Schedule of net asset value and ratios to average net assets

   THREE MONTHS ENDED   THREE MONTHS ENDED 
   DECEMBER 31, 2019   DECEMBER 31, 2018 
   SIT RISING   BREAKWAVE DRY BULK
SHIPPING
   SIT RISING   BREAKWAVE DRY BULK
SHIPPING
 
   RATE ETF   ETF   RATE ETF   ETF 
                 
Net Asset Value                
Net asset value per Share, beginning of period  $22.61   $   19.65   $25.13   $  22.68 
Net investment income (loss)   0.05    (0.17)   0.07    (0.12)
Net realized and unrealized gain (loss)   0.30    (4.11)   (1.14)   (4.00)
Net Income (Loss)   0.35    (4.28)   (1.07)   (4.12)
Net Asset Value per Share, end of period  $22.96   $15.37   $24.06   $18.56 
Market Value per Share, end of period  $22.97   $15.45   $24.09   $17.92(a)
Ratios to Average Net Assets*                    
Expense Ratio***   1.06%   5.09%   1.11%   4.35%
Expense Ratio*** before Waiver/Assumption   7.47%   31.35%   1.22%   23.98%
Net Investment Income (Loss)   0.93%   (3.69%)   1.08%   (2.49%)
Total Return, at Net Asset Value**   1.55%   (21.78%)   (4.26%)   (18.17%)
Total Return, at Market Value**   1.50%   (21.61%)   (4.10%)   (21.88%)

 

(a)Represents the closing bid/ask mean as of December 31, 2018
*Percentages are annualized
**Percentages are not annualized
***For Sit Rising Rate ETF, effective January 1, 2018, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, as of inception (March 22, 2018), Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense.

 

   SIX MONTHS ENDED   SIX MONTHS ENDED 
   DECEMBER 31, 2019   DECEMBER 31, 2018 
   SIT RISING   BREAKWAVE DRY BULK
SHIPPING
   SIT RISING   BREAKWAVE DRY BULK
SHIPPING
 
   RATE ETF   ETF   RATE ETF   ETF 
                 
Net Asset Value                
Net asset value per Share, beginning of period  $22.70   $13.25   $24.65   $21.98 
Net investment income (loss)   0.12    (0.28)   0.12    (0.30)
Net realized and unrealized gain (loss)   0.14    2.40    (0.71)   (3.12)
Net Income (Loss)   0.26    2.12    (0.59)   (3.42)
Net Asset Value per Share, end of period  $22.96   $15.37   $24.06    18.56 
Market Value per Share, end of period  $22.97   $15.45   $24.09    17.92(a)
Ratios to Average Net Assets*                    
Expense Ratio***   1.08%   4.89%   1.19%   4.43%
Expense Ratio*** before Waiver/Assumption   6.59%   25.77%   1.36%   21.70%
Net Investment Income (Loss)   1.02%   (3.19%)   1.02%   (2.79%)
Total Return, at Net Asset Value**   1.15%   16.00%   (2.39%)   (15.56%)
Total Return, at Market Value**   1.06%   17.49%   (2.31%)   (18.69%)

 

(a)Represents the closing bid/ask mean as of December 31, 2018
*Percentages are annualized
**Percentages are not annualized
***For Sit Rising Rate ETF, effective January 1, 2018, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, as of inception (March 22, 2018), Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense.