ZYN: A New ETF Trading On Smoke, Strategy
1. Defiance ETFs launched a new leveraged fund ZYN for tobacco exposure. 2. ZYN aims for 200% daily performance of Philip Morris International Inc. 3. Philip Morris's strategy includes shifting focus to reduced-risk tobacco products. 4. Leveraged ETFs like ZYN serve as day-trading vehicles with increased risk. 5. ZYN targets investors wanting amplified returns from Philip Morris's transition.