For all the controversy surrounding leveraged and inverse ETFs it's almost unfathomable that any member of this sub-sector of the ETF universe could go unnoticed.The reality is plenty of nifty inverse and leveraged ETFs are not as popular as one might think and with the broader market fresh off a May swoon (and not looking much better to start June) now is a fine time for investors to think like traders and employ some short-term hedges in their portfolios.Obviously the critical factor with leveraged and inverse ETFs is understanding what these funds are about and it's spelled out for ...