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Post: Inverse Cramer ETF to Close: Disappointing Performance Betting Against Jim Cramer’s Stock Tips

Inverse Cramer ETF to Close: Disappointing Performance Betting Against Jim Cramer’s Stock Tips

Key Points:

  • An ETF that aimed to profit by shorting stock tips from Mad Money host Jim Cramer will be closing.
  • The Inverse Cramer ETF (SJIM) launched in March 2023 and has seen a negative 15% return.
  • The fund managed to attract only $2.4 million in assets.

Insight:

The Inverse Cramer ETF, launched by Tuttle Capital Management, will be closing after experiencing disappointing performance. The fund aimed to make money by shorting stock buy tips recommended by Jim Cramer, the host of Mad Money. However, since its launch in March 2023, the ETF has seen a negative 15% return. The fund managed to attract only $2.4 million in assets, which likely contributed to its decision to close. It appears that investors were not confident in the strategy or performance of the ETF and chose not to allocate significant capital to it.

Hot Take:

The closure of the Inverse Cramer ETF highlights the challenges of trying to profit by shorting stock tips from a popular TV host like Jim Cramer. While Cramer has a significant following and influence, his stock picks are not always accurate or profitable. The negative 15% return of this ETF shows that attempting to bet against his recommendations is not a guaranteed strategy for success. Investors should be cautious when considering investment products that are based on the opinions and recommendations of media personalities, as their track records may not necessarily translate into profitable investment strategies.


Original article: https://cointelegraph.com/news/jim-cramer-inverse-etf-shuts-down-10-months-after-launch

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