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Jim Cramer isn’t always wrong: Inverse Cramer ETF to shut down

From cointelegraph.com

On Jan. 25, the fund’s manager — Tuttle Capital Management — announced its Inverse Cramer ETF (SJIM) launched in early March 2023, would be closed and liquidated with its last trading day on Feb. 13. The fund shorted stock buy tips recommended by Cramer, but only managed to attract $2.4 million and has seen a negative 15% return since its launch. It comes after the firm’s Long Cramer ETF (LJIM) was scrapped in August 2023 after only pulling in $1.3 million and posting a 2.2% return. It was launched alongside SJIM and purchased the Mad Money host’s stock tips. Cramer has become a meme among some retail crypto and ... (full story)

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