Shareholder Report |
12 Months Ended | |||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jun. 30, 2026
USD ($)
$ / shares
| ||||||||||||||||||||||||||||||||||||||
| Shareholder Report [Line Items] | ||||||||||||||||||||||||||||||||||||||
| Document Type | N-CSR/A | |||||||||||||||||||||||||||||||||||||
| Amendment Flag | false | |||||||||||||||||||||||||||||||||||||
| Registrant Name | Absolute Shares Trust | |||||||||||||||||||||||||||||||||||||
| Entity Central Index Key | 0001591939 | |||||||||||||||||||||||||||||||||||||
| Entity Investment Company Type | N-1A | |||||||||||||||||||||||||||||||||||||
| Document Period End Date | Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||
| Shareholder Report Annual or Semi-Annual | annual shareholder report | |||||||||||||||||||||||||||||||||||||
| WBI BullBear Value 3000 ETF | ||||||||||||||||||||||||||||||||||||||
| Shareholder Report [Line Items] | ||||||||||||||||||||||||||||||||||||||
| Fund Name | WBI BullBear Value 3000 ETF | |||||||||||||||||||||||||||||||||||||
| Class Name | WBI BullBear Value 3000 ETF | |||||||||||||||||||||||||||||||||||||
| Trading Symbol | WBIF | |||||||||||||||||||||||||||||||||||||
| Security Exchange Name | NYSEArca | |||||||||||||||||||||||||||||||||||||
| Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the WBI BullBear Value 3000 ETF for the period of July 1, 2025, to June 30, 2026. | |||||||||||||||||||||||||||||||||||||
| Additional Information [Text Block] | You can find additional information about the Fund at https://wbietfs.com/documents/. You can also request this information by contacting us at 1-800-772-5810. | |||||||||||||||||||||||||||||||||||||
| Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period.
|
|||||||||||||||||||||||||||||||||||||
| Additional Information Phone Number | 1-800-772-5810 | |||||||||||||||||||||||||||||||||||||
| Additional Information Website | https://wbietfs.com/documents/ | |||||||||||||||||||||||||||||||||||||
| Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
|
|||||||||||||||||||||||||||||||||||||
| Expenses Paid, Amount | $ 190 | |||||||||||||||||||||||||||||||||||||
| Expense Ratio, Percent | 1.70% | |||||||||||||||||||||||||||||||||||||
| Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the 12-month period ended June 30, 2026, the Fund outperformed the S&P 500 Index, returning 23.74% at NAV versus 22.29%, but trailed the Russell 3000 Value Index at 27.72%. WBIF is an actively managed fund that focuses on risk management and value-oriented stocks when fully invested. WBIF had under a quarter of its weight on average in common with the S&P 500, and less than one-third of the names in the index appeared in the Fund during the year. Information Technology and Industrials were the largest contributors to total return, while Consumer Discretionary and Utilities detracted. The Fund’s risk-management process raises cash as downside risk builds, seeking to limit losses in declining markets rather than track a fully invested benchmark; cash averaged approximately 6.00% of net assets. That positioning accounts for much of the gap versus the value index.
|
|||||||||||||||||||||||||||||||||||||
| Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of the Fund’s future performance. | |||||||||||||||||||||||||||||||||||||
| Line Graph [Table Text Block] | ![]() |
|||||||||||||||||||||||||||||||||||||
| Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%)
|
|||||||||||||||||||||||||||||||||||||
| No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |||||||||||||||||||||||||||||||||||||
| Updated Performance Information Location [Text Block] | Visit https://wbietfs.com/documents/ for more recent performance information.
|
|||||||||||||||||||||||||||||||||||||
| Net Assets | $ 23,491,652 | |||||||||||||||||||||||||||||||||||||
| Holdings Count | $ / shares | 75 | |||||||||||||||||||||||||||||||||||||
| Advisory Fees Paid, Amount | $ 189,411 | |||||||||||||||||||||||||||||||||||||
| Investment Company Portfolio Turnover | 613.00% | |||||||||||||||||||||||||||||||||||||
| Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of June 30, 2026)
|
|||||||||||||||||||||||||||||||||||||
| Holdings [Text Block] | WHAT DID THE FUND INVEST IN? (as of June 30, 2026) Sector Breakdown (% of net assets)† ![]()
|
[1] | ||||||||||||||||||||||||||||||||||||
| Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? The Absolute Shares Trust (the “Trust”) has historically engaged KPMG, LLP. to serve as the independent registered public accounting firm for the Trust. On September 25, 2025, the Board of Trustees of the Trust considered and approved the appointment of Cohen & Company, Ltd. as the independent registered public accounting firm for each series of the Trust for the fiscal year ending June 30, 2026.
|
|||||||||||||||||||||||||||||||||||||
| Updated Prospectus Web Address | https://wbietfs.com/documents/ | |||||||||||||||||||||||||||||||||||||
| WBI BullBear Yield 3000 ETF | ||||||||||||||||||||||||||||||||||||||
| Shareholder Report [Line Items] | ||||||||||||||||||||||||||||||||||||||
| Fund Name | WBI BullBear Yield 3000 ETF | |||||||||||||||||||||||||||||||||||||
| Class Name | WBI BullBear Yield 3000 ETF | |||||||||||||||||||||||||||||||||||||
| Trading Symbol | WBIG | |||||||||||||||||||||||||||||||||||||
| Security Exchange Name | NYSEArca | |||||||||||||||||||||||||||||||||||||
| Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the WBI BullBear Yield 3000 ETF for the period of July 1, 2025, to June 30, 2026. | |||||||||||||||||||||||||||||||||||||
| Additional Information [Text Block] | You can find additional information about the Fund at https://wbietfs.com/documents/. You can also request this information by contacting us at 1-800-772-5810. | |||||||||||||||||||||||||||||||||||||
| Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period.
|
|||||||||||||||||||||||||||||||||||||
| Additional Information Phone Number | 1-800-772-5810 | |||||||||||||||||||||||||||||||||||||
| Additional Information Website | https://wbietfs.com/documents/ | |||||||||||||||||||||||||||||||||||||
| Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
|
|||||||||||||||||||||||||||||||||||||
| Expenses Paid, Amount | $ 187 | |||||||||||||||||||||||||||||||||||||
| Expense Ratio, Percent | 1.70% | |||||||||||||||||||||||||||||||||||||
| Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the 12-month period ended June 30, 2026, the Fund underperformed its benchmark, the S&P 500 Index, returning 19.50% at NAV versus 22.29%, and trailed the Russell 3000 Value Index, which returned 27.72%. WBIG is an actively managed fund that focuses on risk management and yield-oriented securities. As such, WBIG had under a quarter of its weight on average in common with the S&P 500, and held a sleeve of fixed-income exchange-traded funds consistent with its yield objective. Information Technology, Industrials, and Healthcare were the largest contributors to total return, while Consumer Discretionary detracted the most. The Fund’s risk-management process raises cash as downside risk builds, seeking to limit losses in declining markets; cash averaged approximately 4.70% of net assets. That defensive positioning and the fixed-income allocation both restrained returns in a year when equities advanced broadly.
|
|||||||||||||||||||||||||||||||||||||
| Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of the Fund’s future performance. | |||||||||||||||||||||||||||||||||||||
| Line Graph [Table Text Block] | ![]() |
|||||||||||||||||||||||||||||||||||||
| Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%)
|
|||||||||||||||||||||||||||||||||||||
| No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |||||||||||||||||||||||||||||||||||||
| Updated Performance Information Location [Text Block] | Visit https://wbietfs.com/documents/ for more recent performance information.
|
|||||||||||||||||||||||||||||||||||||
| Net Assets | $ 27,466,051 | |||||||||||||||||||||||||||||||||||||
| Holdings Count | $ / shares | 83 | |||||||||||||||||||||||||||||||||||||
| Advisory Fees Paid, Amount | $ 253,482 | |||||||||||||||||||||||||||||||||||||
| Investment Company Portfolio Turnover | 576.00% | |||||||||||||||||||||||||||||||||||||
| Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of June 30, 2026)
|
|||||||||||||||||||||||||||||||||||||
| Holdings [Text Block] | WHAT DID THE FUND INVEST IN? (as of June 30, 2026) Sector Breakdown (% of net assets)† ![]()
|
[2] | ||||||||||||||||||||||||||||||||||||
| Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? The Absolute Shares Trust (the “Trust”) has historically engaged KPMG, LLP. to serve as the independent registered public accounting firm for the Trust. On September 25, 2025, the Board of Trustees of the Trust considered and approved the appointment of Cohen & Company, Ltd. as the independent registered public accounting firm for each series of the Trust for the fiscal year ending June 30, 2026.
|
|||||||||||||||||||||||||||||||||||||
| Updated Prospectus Web Address | https://wbietfs.com/documents/ | |||||||||||||||||||||||||||||||||||||
| WBI BullBear Quality 3000 ETF | ||||||||||||||||||||||||||||||||||||||
| Shareholder Report [Line Items] | ||||||||||||||||||||||||||||||||||||||
| Fund Name | WBI BullBear Quality 3000 ETF | |||||||||||||||||||||||||||||||||||||
| Class Name | WBI BullBear Quality 3000 ETF | |||||||||||||||||||||||||||||||||||||
| Trading Symbol | WBIL | |||||||||||||||||||||||||||||||||||||
| Security Exchange Name | NYSEArca | |||||||||||||||||||||||||||||||||||||
| Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the WBI BullBear Quality 3000 ETF for the period of July 1, 2025, to June 30, 2026. | |||||||||||||||||||||||||||||||||||||
| Additional Information [Text Block] | You can find additional information about the Fund at https://wbietfs.com/documents/. You can also request this information by contacting us at 1-800-772-5810. | |||||||||||||||||||||||||||||||||||||
| Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period.
|
|||||||||||||||||||||||||||||||||||||
| Additional Information Phone Number | 1-800-772-5810 | |||||||||||||||||||||||||||||||||||||
| Additional Information Website | https://wbietfs.com/documents/ | |||||||||||||||||||||||||||||||||||||
| Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
|
|||||||||||||||||||||||||||||||||||||
| Expenses Paid, Amount | $ 190 | |||||||||||||||||||||||||||||||||||||
| Expense Ratio, Percent | 1.70% | |||||||||||||||||||||||||||||||||||||
| Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the 12-month period ended June 30, 2026, the Fund outperformed its benchmark, the S&P 500 Index, returning 23.70% at NAV versus 22. 29%. WBIL is an actively managed fund that focuses on risk management and quality-oriented companies. WBIL had under one-third of its weight on average in common with the S&P 500, and less than one-third of the names in the index appeared in the Fund during the year. Information Technology, Industrials, and Consumer Staples were the largest contributors to total return, while Communication Services and an underweight to Materials were key detractors. The Fund’s risk-management process raises cash as downside risk builds, seeking to limit losses in declining markets; cash averaged approximately 7.91% of net assets. Quality-oriented selection more than offset the cost of that defensive positioning.
|
|||||||||||||||||||||||||||||||||||||
| Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of the Fund’s future performance. | |||||||||||||||||||||||||||||||||||||
| Line Graph [Table Text Block] | ![]() |
|||||||||||||||||||||||||||||||||||||
| Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%)
|
|||||||||||||||||||||||||||||||||||||
| No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |||||||||||||||||||||||||||||||||||||
| Updated Performance Information Location [Text Block] | Visit https://wbietfs.com/documents/ for more recent performance information.
|
|||||||||||||||||||||||||||||||||||||
| Net Assets | $ 30,461,607 | |||||||||||||||||||||||||||||||||||||
| Holdings Count | $ / shares | 62 | |||||||||||||||||||||||||||||||||||||
| Advisory Fees Paid, Amount | $ 262,684 | |||||||||||||||||||||||||||||||||||||
| Investment Company Portfolio Turnover | 733.00% | |||||||||||||||||||||||||||||||||||||
| Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of June 30, 2026)
|
|||||||||||||||||||||||||||||||||||||
| Holdings [Text Block] | WHAT DID THE FUND INVEST IN? (as of June 30, 2026) Sector Breakdown (% of net assets)† ![]()
|
[3] | ||||||||||||||||||||||||||||||||||||
| Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? The Absolute Shares Trust (the “Trust”) has historically engaged KPMG, LLP. to serve as the independent registered public accounting firm for the Trust. On September 25, 2025, the Board of Trustees of the Trust considered and approved the appointment of Cohen & Company, Ltd. as the independent registered public accounting firm for each series of the Trust for the fiscal year ending June 30, 2026.
|
|||||||||||||||||||||||||||||||||||||
| Updated Prospectus Web Address | https://wbietfs.com/documents/ | |||||||||||||||||||||||||||||||||||||
| WBI Power Factor High Dividend ETF | ||||||||||||||||||||||||||||||||||||||
| Shareholder Report [Line Items] | ||||||||||||||||||||||||||||||||||||||
| Fund Name | WBI Power Factor High Dividend ETF | |||||||||||||||||||||||||||||||||||||
| Class Name | WBI Power Factor High Dividend ETF | |||||||||||||||||||||||||||||||||||||
| Trading Symbol | WBIY | |||||||||||||||||||||||||||||||||||||
| Security Exchange Name | NYSE | |||||||||||||||||||||||||||||||||||||
| Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the WBI Power Factor High Dividend ETF for the period of July 1, 2025, to June 30, 2026. | |||||||||||||||||||||||||||||||||||||
| Additional Information [Text Block] | You can find additional information about the Fund at https://wbietfs.com/documents/. You can also request this information by contacting us at 1-800-772-5810. | |||||||||||||||||||||||||||||||||||||
| Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period.
|
|||||||||||||||||||||||||||||||||||||
| Additional Information Phone Number | 1-800-772-5810 | |||||||||||||||||||||||||||||||||||||
| Additional Information Website | https://wbietfs.com/documents/ | |||||||||||||||||||||||||||||||||||||
| Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
|
|||||||||||||||||||||||||||||||||||||
| Expenses Paid, Amount | $ 112 | |||||||||||||||||||||||||||||||||||||
| Expense Ratio, Percent | 1.00% | |||||||||||||||||||||||||||||||||||||
| Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the 12-month period ended June 30, 2026, the Fund outperformed the S&P 500 Index, returning 24.88% at NAV versus 22.29%, and trailed the Solactive Power Factor High Dividend Index, which returned 26.00%. WBIY seeks to invest in high-dividend-yield stocks, focusing on value-oriented companies with strong fundamentals. As a result, WBIY had about 4% of its weight on average in common with the S&P 500, and less than one-tenth of the names in the index appeared in the Fund during the year. Consumer Discretionary, Financials, and Utilities were the top contributors to total return, while Consumer Staples and Real Estate were the largest detractors. The Fund’s rules-based process selects on valuation, dividend coverage and fundamentals, and the Fund remained substantially invested through the period; cash averaged approximately 1.13% of net assets. The Fund’s yield-driven selection participated well in a broadening market.
|
|||||||||||||||||||||||||||||||||||||
| Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of the Fund’s future performance. | |||||||||||||||||||||||||||||||||||||
| Line Graph [Table Text Block] | ![]() |
|||||||||||||||||||||||||||||||||||||
| Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%)
|
|||||||||||||||||||||||||||||||||||||
| No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |||||||||||||||||||||||||||||||||||||
| Updated Performance Information Location [Text Block] | Visit https://wbietfs.com/documents/ for more recent performance information.
|
|||||||||||||||||||||||||||||||||||||
| Net Assets | $ 59,020,221 | |||||||||||||||||||||||||||||||||||||
| Holdings Count | $ / shares | 51 | |||||||||||||||||||||||||||||||||||||
| Advisory Fees Paid, Amount | $ 259,156 | |||||||||||||||||||||||||||||||||||||
| Investment Company Portfolio Turnover | 138.00% | |||||||||||||||||||||||||||||||||||||
| Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of June 30, 2026)
|
|||||||||||||||||||||||||||||||||||||
| Holdings [Text Block] | WHAT DID THE FUND INVEST IN? (as of June 30, 2026) Sector Breakdown (% of net assets)† ![]()
|
[4] | ||||||||||||||||||||||||||||||||||||
| Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? The Absolute Shares Trust (the “Trust”) has historically engaged KPMG, LLP. to serve as the independent registered public accounting firm for the Trust. On September 25, 2025, the Board of Trustees of the Trust considered and approved the appointment of Cohen & Company, Ltd. as the independent registered public accounting firm for each series of the Trust for the fiscal year ending June 30, 2026.
|
|||||||||||||||||||||||||||||||||||||
| Updated Prospectus Web Address | https://wbietfs.com/documents/ | |||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||