Wed, Aug 14, 9:36 PM (153 days ago)
For the quarter ending June 30, 2024, Dynamic Shares Trust reported a decrease in net assets to $6,088,032 from $6,942,895 at the end of December 2023, reflecting a 16.93% decline. The per share net asset value (NAV) rose to $30.44, a 3.86% increase from the prior quarter. The Fund's investment income increased significantly to $71,746 from $39,474 year-over-year, driven by higher interest income. However, total expenses rose due to increased management fees, totaling $27,715 compared to $15,690 in the previous year. The Fund's realized gains on futures contracts were $180,986, down from $788,700 a year prior, while unrealized losses were recorded at $55,053. The overall net income from operations amounted to $154,168, a substantial decrease from $778,910 in the same period last year. The Fund's investment strategy continues to focus on short positions in VIX futures, which are sensitive to market volatility. Management highlighted ongoing risks including market disruptions and the potential impact of global economic changes, particularly in the context of the Ukraine conflict and inflationary pressures.