Company: EUO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001193125-25-039791
Chunk: 9

Company: ProShares Trust II
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7A
Chunk 9
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Quantitative Disclosure 

Exchange Rate Sensitivity, Equity Market Volatility Sensitivity, and Commodity Price Sensitivity 

Each of the Funds is exposed to certain risks pertaining to the use of Financial Instruments. Each of the Currency Funds is exposed to exchange rate risk through its holdings of Financial Instruments. Each of the VIX Funds is exposed to equity market volatility risk through its holdings of Financial Instruments. Each of the Commodity Funds and Commodity Index Funds is exposed to commodity price risk through its holdings of Financial Instruments. 

The tables below provide information about each of the Currency Funds’ Financial Instruments, VIX Funds’ Financial Instruments, and Commodity Funds’ and the Commodity Index Funds’ Financial Instruments. As of December 31, 2024 and 2023, each of the Fund’s positions were as follows: 

ProShares Short VIX Short-Term Futures ETF 

As of December 31, 2024 and 2023, the ProShares Short VIX Short-Term Futures ETF Fund was exposed to inverse equity market volatility risk through its holding of VIX futures contracts. The following table provides information about the Fund’s positions in VIX futures contracts as of December 31, 2024 and 2023, which were sensitive to equity market volatility risk. 

Futures Positions as of December 31, 2024 

 Contract
  
Long orShort

Expiration

Contracts

ValuationPrice

ContractMultiplier

Notional Amountat Value

 VIX Futures (Cboe)

Short

January 2025

4,447

$
 17.52

1,000

$
 (77,901,212
) 

 VIX Futures (Cboe)

Short

February 2025

3,080

17.87

1,000

(55,042,064
) 

Futures Positions as of December 31, 2023 

 Contract
  
Long orShort

Expiration

Contracts

ValuationPrice

ContractMultiplier

Notional Amountat Value

 VIX Futures (Cboe)

Short

January 2024

5,412

$
 14.05

1,000

$
 (76,045,095
) 

 VIX Futures (Cboe)

Short

February 2024

3,778

15.30

1,000

(57,786,021
) 

The December 31, 2024 and 2023 short futures notional values are