ANEL
Defiance Daily Target 2x Long ANET ETF
📎 Investment Objective
The Defiance Daily Target 2x Long ANET ETF (ANEL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Arista Networks, Inc. (ANET).
Overview
ETF tracking Defiance Daily Target 2x Long ANET ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Defiance Daily Target 2x Long ANET ETF (ANEL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Arista Networks, Inc. (ANET).
🎯 Investment Strategy
The fund uses a combination of financial instruments, such as swap agreements and futures contracts, to gain leveraged exposure to the performance of ANET. It does not invest directly in the underlying stock.
✨ Key Features
- Provides 2x the daily performance of Arista Networks, Inc. stock
- Utilizes derivatives to achieve leveraged exposure
- Resets daily, so longer-term returns may differ from 2x the underlying
- Very small asset base, potentially low liquidity
⚠️ Primary Risks
- Leveraged funds can experience significant losses in a short period of time
- Derivative instruments used to achieve leverage introduce additional risks
- Potential for divergence between the fund's performance and 2x the daily return of ANET
- Low trading volume and asset base may impact liquidity and pricing
👤 Best For
This ETF is intended for experienced, risk-tolerant investors who understand the risks of leveraged funds and are seeking short-term, speculative exposure to the performance of Arista Networks, Inc. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.
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