The ETF that aimed to make money for investors by shorting Mad Money host Jim Cramer’s stock tips will close after posting a negative 15% return.
The exchange-traded fund (ETF) that bet against trading tips from CNBC Mad Money host Jim Cramer is shutting down after just ten months of trading.
On Jan. 25, the fund’s manager — Tuttle Capital Management — announced its Inverse Cramer ETF (SJIM) launched in early March 2023, would be closed and liquidated with its last trading day on Feb. 13.
The fund shorted stock buy tips recommended by Cramer, but only managed to attract $2.4 million and has seen a negative 15% return since its launch.
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