Exchange-traded funds, or ETFs, have become a popular investment vehicle for investors of all experience degrees. In essence, an ETF is a type of security that follows the performance of a particular asset class, such as the S&P 500 or the Nasdaq 100. Just like individual stocks, ETFs are traded on financial exchanges throughout the market hours.

The ProShares Ultra SmallCap 600 ETF (UWM) seeks to deliver returns that are double the performance of the Russell 2000 Small Cap Index. This amplified ETF focuses on small-cap securities, providing investors with a way to may increase their exposure to this segment of the market. However, it's essential to grasp the potential downsides associated