Inverse Cramer ETF Will Close After 10 Months

The ETF designed to profit from trading against CNBC Mad Money host Jim Cramer’s tips is closing down after just 10 months of trading.

Tuttle Capital Management, the fund’s manager, announced on Jan. 25 that the Inverse Cramer ETF (SJIM) launched in March of the previous year, will be liquidated with its final trading day on Feb. 13th.

The fund shorted stocks recommended by Cramer but only managed to attract $2.4 million and has seen a negative return of 15% since its launch.

This closure comes after the firm’s other fund, the Long Cramer ETF (LJIM), was shut down in August 2023. It only raised $1.3 million and posted a return of 2.2%.

This fund was also launched alongside SJIM and followed Cramer’s stock picks. Cramer has become a popular figure among some retail traders, especially in the crypto and stock markets, thanks to his investment tips that have been known to backfire.