Key stats
About Defiance Daily Target 2x Long ANET ETF
Home page
www.defianceetfs.com/ANEL
Inception date
Sep 3, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636V8191
ANEL uses swap agreements and short-dated listed call options to make bullish bets on the share price of Arista Networks, Inc. (NYSE: ANET). ANET develops, markets, and sells data-driven, client-to-cloud networking solutions for data centers, campuses, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in ANET price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility and compounding effects. The fund expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Related funds
Classification
What's in the fund
Exposure type
Cash
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ANEL assets under management is 5.57 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ANEL invests in cash. See more details in our Analysis section.
ANEL expense ratio is 1.31%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, ANEL is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, ANEL doesn't pay dividends to its holders.
ANEL shares are issued by Toroso Investments Topco LLC
ANEL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 3, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.