Want to short Jim Cramer? Now you can with the SJIM ETF.

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

Source: SHUN_J / Shutterstock

Investors will soon be able to bet for or against CNBC host jim cramer stocks. Matthew Tuttle of Tuttle Capital, regular guest on CNBC, Fox Business and has other, similar stations filed to create two new exchange-traded funds (ETFs). The Long Cramer ETF, or LJIM, will put investors on the side of Cramer. Meanwhile, the Inverse Cramer ETF, or SJIM — which is getting bigger much more attention — will bet against him.

Cramer isn’t the first stock picker to be targeted by fundraising. Last November, AXS Investments triggered the AXS Short Innovation Daily ETF (NASDAQ:SARK), a fund that takes short trades ARK Invest CEO Cathie Wood. SARK has grown over 80% since launch.

Celebrity Cultured

Like the Wood fund, so will the Cramer funds actively managed ETFs. They will seek to mimic or bet against the performance of Cramer’s specific stock picks and his general attitude toward the markets.

Tuttle’s Securities and Exchange Commission filings do not list the expense ratio, but SARK charges 0.75% on its funds. It currently has $560 million invested. Wood’s ARK innovation (NASDAQ:ARKK) fund declined by 58% in 2022, while SARK increased by 58%. Investors have enjoyed Wood’s dive this year after her funds’ big run in the tech bull market saw ARKK trade as high as $152. It opened on October 6 at $40.

Unlike Wood, who focuses on “disruptive technology” and was hit by the tech crash of 2022, Cramer covers the entire market and seeks the best returns for his fans. CNBC. Posting charges $400 per year to join Cramer’s investment club. Tuttle will charge a percentage of the risk to its investors.

Tuttle’s investment thesis is a common one. He is skeptical of meme stocks like Gamestop (NYSE:GMOs) and special purpose companies (SPACS). It has tweeted sympathetically on bonds.

What happens next

Celebrities have existed on Wall Street since the nineteenth century, when small investors turned successful investors into celebrities.

Cramer, on the other hand, is just playing big money on TV. The service forbids him from direct investments, so his chosen ones are in a charity fund. Here at InvestorPlacepolicy is to disclose holdings, long or short, in any story we write about.

As of the date of publication, Dana Blankenhorn did not hold (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the writer and are the subject of InvestorPlace.com Publishing Guidelines.

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

Leave a Comment

error: Content is protected !!