v3.26.3
ProShares UltraShort Oura Investment Objectives and Goals - ProShares UltraShort Oura
May 31, 2026
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="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 </span><span style="font-family:Arial;font-size:10pt;">OURA </span><span style="font-family:Arial;font-size:10pt;margin-left:0%;">loses when </span><span style="font-family:Arial;font-size:10pt;">OURA falls on a given day. Conversely, it should </span><span style="font-family:Arial;font-size:10pt;margin-left:0%;">lose approximately two times as much as </span><span style="font-family:Arial;font-size:10pt;">OURA gains when OURA rises on a given day. </span><span style="font-family:Arial;font-size:10pt;font-weight:bold;">The Fund does not seek to achieve </span><span style="font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0%;">two times the inverse (-2x) of the daily performance of </span><span style="font-family:Arial;font-size:10pt;font-weight:bold;">OURA (the “Daily 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="font-family:Arial;font-size:10pt;margin-left:-4.19%;">●</span><span style="font-family:Arial;font-size:10pt;margin-left:6pt;">Factors that contribute to returns that are worse than the </span><span style="font-family:Arial;font-size:10pt;">Daily Target include smaller OURA gains or losses and higher OURA volatility, as well as longer holding periods when these factors apply. </span><span style="font-family:Arial;font-size:10pt;margin-left:-4.19%;">●</span><span style="font-family:Arial;font-size:10pt;margin-left:6pt;">Factors that contribute to returns that are better than the </span><span style="font-family:Arial;font-size:10pt;">Daily Target include larger OURA gains or losses and lower OURA volatility, 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 UltraShort Oura (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the common stock of Oura Inc. (NASDAQ: OURA).