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IPFS News Link • Stock Market

The "Short Jim Cramer" ETF Has Officially Shut Down

• Zero Hedge

While the anti-Cathie Wood ETF, SARK, was launched at just the right time and experienced significant gains in its short lifespan (still up more than 250% since inception), Tuttle Capital Management's Jim Cramer ETFs have both shuttered. 

This means that the Inverse Cramer Tracker ETF (SJIM) and the Long Cramer Tracker ETF (LJIM) have both shut down, per Bloomberg. Sadly, if investors want to lose money on Jim Cramer now, they're going to have to do it the old fashioned way: tuning into CNBC and following along with his stock picks live.

In a press release out in summer of last year, Matthew Tuttle, brain child behind both ETFs, stated last summer when the long ETF shut down: "We started LJIM in order to facilitate a conversation with Jim Cramer around his stock picks as the other side to the Short Cramer ETF. Unfortunately, Mr. Cramer and CNBC have been unwilling to engage in dialogue and instead have chosen to ignore the funds, therefore there is no reason to keep the long side going. Going forward we will just focus on the short side."