Wall Street investors who want to turn up their bets on cloud networking now have a new weapon at their disposal. Defiance ETFs Thursday rolled out the Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL), a fund that is designed to provide double the daily performance of Arista Networks, Inc. (NYSE:ANET).
Single-stock leveraged ETFs have been popular among sophisticated retail traders as they provide focused, short-term exposure without the use of margin accounts. ANEL fits that roster, focusing on a firm that is at the intersection of cloud infrastructure and enterprise networking.
