ANEL Defiance Daily Target 2x Long ANET ETF
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Defiance Daily Target 2x Long ANET ETF (ANEL) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2025-09-03
- Has Options
- No
- Expense ratio
- 1.31% prospectus, filed May 16, 2025
- Assets
- $19M SEC filing, Jul 31, 2026
- Trailing yield
- —
- Average daily volume
- $1.0M 30 sessions
- Holdings
- 8 top 10 are 27.1%
- Listed
- Sep 3, 2025 Nasdaq
Moves with. US large-cap stocks (12% of its variance, beta 2.05); Emerging markets over US (10% of its variance, beta 1.58); Value over growth (10% of its variance, beta -1.29). These factors explain 36% of its daily moves over the last year.
Stated objective. The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Arista Networks, Inc. (NYSE: ANET). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day. (from the fund's prospectus)
All 8 holdingsFlow historyOverlap toolAll Single-Stock Leveraged ETFs
- Jul 2026
- −$4.8M latest reported month
- Latest 3 months
- +$1.1M +5.8% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$4.8M |
| Jun 2026 | −$22M |
| May 2026 | +$28M |
| Apr 2026 | −$571K |
| Mar 2026 | −$935K |
| Feb 2026 | −$2.1M |
| Jan 2026 | +$753K |
| Dec 2025 | +$805K |
| Nov 2025 | +$1.1M |
| Oct 2025 | +$948K |
| Sep 2025 | +$5.6M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 11 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| TSLLDirexion Shares ETF Trust Direxion Daily TSLA Bull 2X ETF | — | — | $5.0B | −49.7% | compare |
| NVDLGraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF | — | 1.05% | $4.1B | +16.2% | compare |
| AMDLGraniteShares 2x Long AMD Daily ETF | — | 1.07% | $1.7B | +197.7% | compare |
| MULLGraniteShares 2x Long MU Daily ETF | — | 1.50% | $1.5B | +750.5% | compare |
| MUUDirexion Shares ETF Trust Direxion Daily MU Bull 2X ETF | — | — | $1.4B | +750.5% | compare |
The largest other funds in the Single-Stock Leveraged category.
- Authorized participants
- 5 active of 5 with agreements; top 3 did 86%
- Created · redeemed
- $13M · $7.5M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TREASURY BILL | 11.96% | Debt | US |
| — | N/A | 3.75% | Derivative (equity) | US |
| — | N/A | 3.20% | Derivative (equity) | US |
| — | N/A | 2.94% | Derivative (equity) | US |
| — | N/A | 2.93% | Derivative (equity) | US |
| — | First American Government Obli | 2.10% | Short-term investment | US |
| — | N/A | 1.23% | Derivative (equity) | US |
| — | N/A | 1.11% | Derivative (equity) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 15.16% | $2.9M | 6 |
| US Treasury | 11.96% | $2.3M | 1 |
| Short-term investment | 2.10% | $397138 | 1 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 9.31% | 9.31% |
| Feb | -- | -9.85% | -9.85% |
| Mar | -- | -13.46% | -13.46% |
| Apr | -- | 87.57% | 87.57% |
| May | -- | -19.20% | -19.20% |
| Jun | -- | -5.02% | -5.02% |
| Jul | -- | 12.31% | 12.31% |
| Aug | -- | 8.05% | 8.05% |
| Sep | 3.41% | 13.10% | 8.25% |
| Oct | 7.93% | -32.03%* | -12.05% |
| Nov | -33.57% | -- | -33.57% |
| Dec | 2.51% | -- | 2.51% |
| Total | -24.00% | 14.52% | -4.74% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
Stock Analysis Report: ANEL
Defiance Daily Target 2x Long ANET ETF
Executive Summary
Overall Assessment: BEARISH | Confidence: 6/10
Fund Profile: ANEL is a leveraged single-stock ETF tracking Arista Networks (ANET) with 2x daily reset mechanics. The fund holds $19M in assets [as of 2026-07-31] with a 1.31% expense ratio and 8 positions, heavily concentrated in Treasury Bills (12.0% weight). This is a tactical trading vehicle, not a long-term investment vehicle.
Key Drivers & Primary Risks:
- Leverage Decay: 2x daily leverage creates compounding losses in sideways or declining markets; returns diverge significantly from 2x ANET returns over longer periods
- Negative Fund Flows: Latest month shows -$4.8M outflow (25% annualized redemption rate), suggesting investor confidence is eroding despite +5.8% inflows over prior 3 months
- Extreme Volatility: Underlying ANET exhibits 4.04 beta (4x market volatility), compounded by 2x leverage = effective 8x market sensitivity
- Technical Weakness: Despite rallying 50.7% above 200-day moving average, volume is contracting (-19.5% rate of change), momentum is weakening, and stochastic oscillators are overbought
Investment Thesis: ANEL is at risk of leverage decay and mean reversion given weak trend strength (ADX 20.10), negative fund flows, and deteriorating volume despite extended rally. The fund has decoupled from fundamental catalysts (no recent news) and technical confirmation is eroding.
Technical Analysis
Trend Direction
| Timeframe | Assessment | Confidence | |-----------|-----------|-----------| | Short-term (1-4 weeks) | BEARISH | Medium | | Medium-term (1-3 months) | BULLISH (extended) | Medium | | Long-term (3-12 months) | NEUTRAL | Low |
Detailed Assessment:
- Price at $30.73 trades 50.7% above 200-day MA ($20.36) and 10.8% above 50-day MA ($26.50), indicating strong intermediate uptrend
- However, ADX (14) = 20.10 signals weak trend regime — despite price strength, directional conviction is low
- EMA 12 ($28.85) > EMA 26 ($27.67) with positive MACD histogram (0.95) confirms uptrend structure, but the differential is narrowing
- Price is now trading within 50 cents of upper Bollinger Band ($31.23), leaving limited room for extension
Support/Resistance Levels
| Level | Type | Technical Basis | Implication | |-------|------|-----------------|-------------| | $31.23 | Resistance (near-term) | Upper Bollinger Band | Breakout target; <3% upside | | $27.76 | Support (primary) | SMA 20 / Bollinger Middle | Key pivot; loss would signal trend break | | $26.50 | Support (secondary) | SMA 50 | Intermediate support; 13.7% downside | | $24.28 | Support (tertiary) | Lower Bollinger Band | Strong support; 21% downside | | $20.36 | Support (major) | SMA 200 | Secular support; 33.8% downside |
Momentum Signals
RSI (14): 62.65 — Neutral Zone (30-70)
- Not overbought, but elevated; suggests momentum is slowing as price approaches resistance
- Lacks the conviction of RSI >70, which would signal sustained buying pressure
Stochastic Oscillators: %K 81.45 / %D 83.04 — SEVERE OVERBOUGHT
- Extreme readings above 80 on both lines indicate potential pullback/consolidation
- %K still above %D, but both are at multi-week highs; reversal risk is elevated
- Stochastic divergence from RSI (RSI neutral vs Stochastic overbought) = conflicting signals
MACD: 1.18 / Signal: 0.23 / Histogram: 0.95 — BULLISH BUT WEAKENING
- Positive histogram indicates MACD above signal line (bullish)
- However, histogram value (0.95) is low relative to the MACD value, suggesting momentum is flattening
- No crossover signal detected; uptrend is aging
Williams %R: -6.50 — Extremely Overbought
- Readings near -0, combined with stochastic extremes, reinforce overbought conditions
- Typically precedes pullback/profit-taking
Volume Analysis
CRITICAL WEAKNESS:
- Volume Rate of Change: -19.5% — Current volume is 19.5% below 20-day average
- Volume SMA 20: 37,335 shares — Declining volume on rally is a classic divergence warning
- On-Balance Volume: -2,183,584 — Deeply negative OBV indicates selling pressure accumulating beneath price rallies
- Interpretation: Volume backing for the rally is deteriorating; price appreciation lacks institutional conviction
Institutional Interest Signal:
- Negative OBV + declining volume rate = potential institutional selling into strength or indifferent retail participation
- This contradicts the bullish price action and suggests rally may be vulnerable
Bollinger Bands Position
Signal: Neutral
- Width (25.05) is moderate; neither extreme expansion (volatility spike) nor squeeze (low volatility) present
- Price near upper band ($30.73 vs $31.23) suggests limited upside without breakout
- Neutral band width + price proximity to upper band = containment, not breakout
News & Sentiment Analysis
DATA QUALITY FLAG: No recent news available for analysis
This is a significant analytical constraint. Without news catalysts, we cannot assess whether the technical rally is driven by:
- Positive ANET company developments (earnings, partnerships, product launches)
- Sector rotation into tech/networking
- Short squeeze or momentum trading
- Leverage rebalancing flows
Sentiment Assessment: Unable to determine. The absence of news during a 50%+ rally above 200-day MA suggests the move may be technically driven rather than fundamentally supported.
Catalyst Identification:
- No earnings data available for ANET
- No product launches, regulatory events, or management changes disclosed
- This is a red flag: strong price moves without visible catalysts often precede reversals
Market Narrative Conflict:
- Technical signals: Overbought momentum (stochastic), weak trend strength (ADX), deteriorating volume
- Price action: Strong rally, price near highs
- News/Fundamentals: Silent (no data)
- Resolution: Without fundamental support, technical weakness is likely to prevail → pullback probable
Risk & Volatility Assessment
Beta Interpretation & Leverage Compounding
Beta: 4.04 (vs SPY) — ANET is 4x more volatile than the S&P 500
ANEL Structure Impact: 2x daily leverage on 4.04 beta ANET = effective 8x market sensitivity
- In a 5% market down day, ANET could fall ~20%, and ANEL could fall ~40% (before decay adjustments)
- In sideways markets (±2-3% daily swings), 2x daily reset accumulates leverage decay losses of 3-5% monthly
- This is critical: Leverage decay accelerates in high-volatility environments like ANET's current regime
Volatility Regime
| Metric | Value | Assessment | |--------|-------|-----------| | HV20 (20-day) | 72.4% | Elevated; above 60% threshold | | HV30 (30-day) | 76.4% | Elevated; sustained high volatility | | HV60 (60-day) | 92.3% | EXTREME — exceptional volatility regime | | ATR ($1.73) | 5.6% of price | High intraday swings | | IV Premium vs HV30 | N/A (marked positive) | Implied volatility is richer than realized |
Interpretation: ANET/ANEL is in an
ANEL Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
High volatility - stock moves more than market
ANEL Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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