About ProShares Ultra Russell2000 (UWM)

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund (ETF) designed to provide investors with twice the daily performance, before fees and expenses, of the Russell 2000 Index. This index represents the performance of approximately 2,000 small-cap U.S. companies. The fund seeks to magnify the returns of the index through the use of financial instruments such as futures contracts and swaps. As a leveraged ETF, UWM aims to provide amplified returns for short-term trading strategies. It should be noted, however, that leveraged ETFs like UWM are not suitable for long-term investments due to their compounding effects and potential risks.

For investors interested in UWM, it is important to consider its price history. The ETF's price can be influenced by factors such as market conditions, investor sentiment, and the performance of the underlying index. By analyzing UWM's historical price data, investors can gain insights into its volatility and potential returns. It's worth noting that leveraged ETFs like UWM, due to their daily rebalancing, may not provide the expected returns over extended periods.