Exchange-traded funds, or ETFs, present themselves as a popular investment option for investors of all experience ranges. In essence, an ETF is a type of security that mirrors the performance of a particular index, such as the S&P 500 or the Nasdaq Index. Just like individual stocks, ETFs are bought and sold on public exchanges throughout the day.

The ProShares Ultra SmallCap 600 ETF (UWM) aims to provide returns that are two times the performance of the Russell 2000 Small Cap Index. This multiplied ETF focuses on small-cap investments, providing investors with a way to could increase their exposure to this segment of the market. However, it's essential to grasp the challenges associated wit