How Does USOY ETF Work? (NEW Defiance ETF)

Defiance recently launched a new ETF, USOY. The USOY ETF is Defiance's answer to the Credit Suisse ETN, USOI. Is this high yield monthly dividend stock in your dividend investing portfolio? Is it better than USO?
DISCLAIMER: This video is not financial advice. Do your own research prior to making any financial decision. Investing is inherently risky and you could lose money.