ANEL

Defiance Daily Target 2X Long ANET ETF

Defiance Daily Target 2X Long ANET ETF aims to provide daily investment results that correspond to two times the daily performance of the ARK Innovation ETF, allowing investors to amplify their exposure to companies involved in disruptive innovation.


Risk Management

DERIVATIVES

Active

MANAGEMENT STYLE

$ 42.6 M

ASSETS UNDER MGMT

131 bp

EXPENSES
Fund Basics
Inception dateSep 04, 2025
RegulationOpen-Ended Fund
Fund Websitelink...
Distributions
CurrencyUSD
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top Holdings
ARISTA NETWORKS INC SWAP CANTOR 65.8 %
ARISTA NETWORKS SWAP CS 55.3 %
ARISTA NETWORKS INC SWAP MAREX 54.4 %
ARISTA NETWORKS SWAP BMO-L 24.5 %
UNITED STATES TREASURY BILL 05/21/2026 2.8 %
CASH & OTHER -102.7 %
Historical Performance


Standardized Performance (as of 04/30/2026)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 51.9% -- -- -- -- -- -- 16.5%
Dividend Yield 0.0% -- -- -- -- -- -- 0.0%
Total Returns 51.9% -- -- -- -- -- -- 16.5%
Ann. Volatility 111.5% -- -- -- -- -- -- 103.4%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)522
ADV traded (mns)$10
Turnover23.8%
Avg. Bid/Ask (% of price)0.42%
Technical Indicators
30d moving avg. (EMA)$18.24
Relative strength (RSI)51
MACD/Signal-0.89/-0.69
Bollinger Bands (Upper/Lower)$26.41/$11.43
Short interest (% of AUM)2.7%
Distributions
Bid/Ask Spreads
42 bp
AVG SPREAD
11 — 98 bp
RANGE
Spreads data based on the average National Best Bid & Offer (NBBO) found in observations at various times each trading day, for up to three months. Tick data supplied by NASDAQ.
Total Cost of Ownership EXPENSES    AVG SPREAD
173 bp
ANEL
127 bp
PEER AVG