ANEL

About ANEL

The Defiance Daily Target 2X Long ANET ETF is a single-stock leveraged exchange-traded fund designed to provide twice the daily return of Arista Networks, Inc., a prominent provider of cloud networking solutions. This fund utilizes financial derivatives such as swaps and options to amplify daily price movements of Arista Networks shares, less fees and expenses, making it a tool tailored for investors seeking significant exposure to short-term performance swings in this specific technology company. Notably, the fund employs an active management strategy without tracking a traditional index, and distributes ordinary income to shareholders. Given its leverage and focus on a single issuer, the ETF represents higher volatility and concentration risk compared to diversified funds. Its 2X daily target means returns are reset each trading day, so performance over longer periods can deviate substantially from double the underlying stock’s cumulative return. The fund appeals primarily to knowledgeable, active investors who understand leveraged strategies and require precise, short-term trading vehicles for amplifying exposure to major cloud networking trends driven by Arista Networks.