Defiance Daily Target 2x Long PM ETF (ZYN)
Defiance Daily Target 2x Long PM ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $16.77, down 4.38% on the session, giving a market capitalisation of $698,953. Its beta of 0.00 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) is designed to deliver daily investment returns that, prior to the deduction of fees and expenses, mirror two times the daily percentage movement in the share price of Philip Morris International, Inc. (NYSE: PM). It serves sophisticated investors with a short-term investment horizon who are looking for amplified (2x) exposure to PM's stock performance without engaging in margin trading.
Defiance Daily Target 2x Long PM ETF is most often compared with the following Financial Services names: