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How ANEL Works: The Mechanics of the Defiance Daily Target 2X Long ANET ETF

Nov 04, 2026 | Team Kalkine
How ANEL Works: The Mechanics of the Defiance Daily Target 2X Long ANET ETF
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The Defiance Daily Target 2X Long ANET ETF (ANEL) is a leveraged fund. It seeks daily results, before fees and expenses, of 2 times (200%) the daily percentage change in the share price of Arista Networks, Inc. (NYSE: ANET). It is meant for sophisticated investors and active traders who want amplified, short-term bullish exposure to ANET without a margin account. ANEL resets daily, so returns over periods longer than one trading day can differ materially from twice ANET’s cumulative return because of compounding and volatility.


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Past performance is not a reliable indicator of future performance.

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