![]() ![]() While many attempts have been made to create inverse-Cramer strategies, the sheer number of calls he makes and the speed at which he shifts gears makes it difficult to come up with a repeatable blueprint for betting against him. His questionable track record has spawned the idea that betting against Cramer might actually be a profitable strategy. More recently, he recommended many high-valuation/high-growth stocks at their peaks in 2021, soon before the growth stock bubble burst. Perhaps the most famous call he made was in 2008, when Cramer told a Mad Money viewer that Bear Stearns was fine and urged them not to take their money out of the stock just days before it collapsed. He has earned a reputation of making dozens of calls per day and switching his views just as fast. There’s little doubt that should they come to market, SJIM will likely be the more popular of the two funds.Įver since launching his “Mad Money” show on CNBC in 2005, Cramer has been a target of scorn from some in the investing community. We'll be able to go wherever he takes us,” Tuttle said. “We've got the flexibility where if he comes out in the morning and says ‘I love this market,’ we can buy SPY and then if he comes in in the afternoon and says, ‘I hate this market,’ then we can cover the short and go long. “You can't do an index-based ETF on this,” he said. The fund will use an active management approach-and much discretion-when deciding what to go long and short based on what Cramer says, Tuttle said in an interview held on Twitter Spaces Thursday. ![]() The filing insists that “under normal circumstances” it will hold positions for no longer than a week. ![]() SJIM’s portfolio will generally consist of 20 to 25 equally weighted equity securities of any market capitalization, according to the fund prospectus. The Inverse Cramer ETF (SJIM), along with the Long Cramer ETF (LJIM), will base their holdings on what the often controversial TV personality says on CNBC and on his personal Twitter account. The CEO of the asset management firm Tuttle Capital Management has filed to launch a new exchange-traded fund that will bet against CNBC’s Jim Cramer, not even a year after launching a similar investment that bets against Cathie Wood’s ARK Innovation ETF (ARKK). Matthew Tuttle and company is at it again. ![]()
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