ProShares Ultra MSTR Investment Objectives and Goals - ProShares Ultra MSTR |
May 31, 2025 |
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Prospectus [Line Items] | |
Risk/Return [Heading] | <span style="color:#000000;font-family:Arial Narrow;font-size:11pt;font-weight:bold;">Important Information About the Fund</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:0%;">If the Fund is successful in meeting its investment objective, it should gain approximately two times as much as MSTR gains when MSTR rises on a given day. Conversely, it should lose approximately two times as much as MSTR loses when MSTR falls on a given day. </span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">The Fund does not seek to achieve </span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0%;">two times (2x) the daily performance of MSTR (the “Daily </span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">Target”) for any period other than a day.</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:0%;">While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe doing so is consistent with your goals and risk tolerance. </span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">If you hold </span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0%;">fund shares for any period other than a day, it is important </span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">for you to understand that over your holding period:</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:-4.19%;">●</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:6pt;">Your return may be higher or lower than the Daily Target, </span><span style="color:#000000;font-family:Arial;font-size:10pt;">and this difference may be significant.</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:-4.19%;">●</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:6pt;">Factors that contribute to returns that are worse than the </span><span style="color:#000000;font-family:Arial;font-size:10pt;">Daily Target include smaller MSTR price gains or losses and higher volatility in the price of MSTR, as well as longer holding periods when these factors apply.</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:-4.19%;">●</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:6pt;">Factors that contribute to returns that are better than the </span><span style="color:#000000;font-family:Arial;font-size:10pt;">Daily Target include larger MSTR price gains or losses and lower volatility in the price of MSTR, as well as longer holding periods when these factors apply.</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:-4.19%;">●</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:6pt;">The more extreme these factors are, and the more they </span><span style="color:#000000;font-family:Arial;font-size:10pt;">occur together, the more your return will tend to deviate from the Daily Target.</span> |
Objective [Heading] | <span style="color:#000000;font-family:Arial Narrow;font-size:11pt;font-weight:bold;">Investment Objective</span> |
Objective, Primary [Text Block] | ProShares Ultra MSTR (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of Class A common shares of Strategy Inc (NASDAQ: MSTR). |