Defiance Daily Target 2x Long ANET ETF (ANEL)

The Defiance Daily Target 2x Long ANET ETF (ANEL) is a leveraged single-stock fund from Defiance ETFs. It aims to deliver, before fees and expenses, 200% of the daily percentage change in the share price of Arista Networks, Inc.

Arista Networks, based in Santa Clara, California, develops cloud networking solutions, including high-speed Ethernet switches and routers and the EOS network operating system used in large data centers, cloud providers and enterprise campuses. The fund builds its exposure mainly through swaps and other derivatives.

The 2x objective is a daily target. With leverage reset every trading day, performance over longer periods may differ meaningfully from twice the return of Arista stock.