Inverse Cramer ETF Shuts Down
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After only ten months of trading, the exchange-traded fund (ETF) that countered CNBC Mad Money host Jim Cramer’s stock tips is shutting down.
The Inverse Cramer ETF (SJIM), launched in March 2023 by Tuttle Capital Management, will be liquidated on Feb. 13, with its last trading day.
The fund, which shorted stocks recommended by Cramer, only attracted $2.4 million and has seen a negative 15% return since its launch.
This follows the closure of SJIM’s sister fund, the Long Cramer ETF (LJIM), in August 2023. LJIM, which bought Cramer’s stock tips, also saw low investment at $1.3 million and a 2.2% return.
Cramer’s investment suggestions have become a meme among retail traders, and he has a love-hate relationship with crypto.
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