Defiance Daily Target 2x Long PM ETF
ZYN
NASDAQ Global Select- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Sep 4, 2025
- Similar Companies
- Business
- Defiance Daily Target 2x Long PM ETF (ZYN) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% the daily percentage change in the share price of Philip Morris International Inc. (NYSE: PM); the fund employs derivatives including swap agreements with financial institutions and short-dated in-the-money listed call options, as well as other option strategies such as buying calls and selling puts, to achieve this leveraged exposure; it holds collateral assets comprising U.S. Government securities, money market funds, short-term bond ETFs, and investment-grade corporate debt securities; the fund maintains at least 80% exposure to instruments providing 2x the daily performance of PM shares and daily rebalances its portfolio to target this leverage. ZYN operates in the asset management segment of the financial services industry, targeting sophisticated short-term investors seeking amplified exposure to PM—a leading international tobacco company manufacturing and selling cigarettes, smoke-free products, nicotine pouches, heat-not-burn devices, e-vapor products, and consumer accessories—without using margin accounts. The fund, classified as non-diversified, trades on The Nasdaq Stock Market LLC and is issued by Defiance ETFs, a sponsor founded in 2018 and headquartered in New York, New York. Launched on September 3, 2025, ZYN underwent a significant operational change in October 2025 when its ticker symbol shifted from ZYN to XPM effective October 29, 2025, as detailed in a supplement to its summary prospectus dated October 27, 2025. Defiance ETFs, the issuer, continues to innovate with recent launches such as the YBMN ETF in partnership with Milliman in November 2025, targeting weekly income on Bitmine Immersion Technologies, alongside its focus on thematic, income, and leveraged single-stock ETFs.