Exchange-traded funds, or ETFs, are increasingly a popular investment option for investors of all experience degrees. Essentially, an ETF is a type of security that tracks the performance of a particular asset class, such as the S&P 500 or the Nasdaq Composite. Comparable to individual stocks, ETFs are traded on stock exchanges throughout the day.

The ProShares Ultra SmallCap 600 ETF (UWM) attempts to provide returns that are two times the performance of the Russell 2000 Small Cap Index. This multiplied ETF targets small-cap securities, providing investors with a way to may increase their exposure to this segment of the market. However, it's essential to comprehend the potential downsides as