Inverse Jim Cramer ETF closes

ETF stream01-31

Maybe betting against Jim Cramer is not such a good idea. About 11 months ago, Tuttle Capital Management launched the Inverse Cramer Tracker ETF (SJIM), an attempt to capitalise on Cramer’s reputation...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2407259370?lang=en_US&edition=fundamental","thumbnail":"https://static.tigerbbs.com///images.ctfassets.net/lr0atmu04u9z/vJziTlYW9XdGpIqc3b6Dy/b4913159c3f7c9a56c7f52744ced9bf8/jim-cramer.jpg?op=imageView2&mode=2&width=256&height=256&quality=70&format=png","is_english":true,"pubTime":"2024-01-31 14:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2407259370","market":"us","top_or_hot":-1,"title":"Inverse Jim Cramer ETF closes","media":"ETF stream","content":"<div>\n<p>Maybe betting against Jim Cramer is not such a good idea. About 11 months ago, Tuttle Capital Management launched the Inverse Cramer Tracker ETF (SJIM), an attempt to capitalise on Cramer’s reputation...</p>\n\n<a href=\"https://www.etfstream.com/articles/inverse-jim-cramer-etf-closes\">Source Link</a>\n\n</div>\n","source":"etfstream_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Inverse Jim Cramer ETF closes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInverse Jim Cramer ETF closes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-31 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.etfstream.com/articles/inverse-jim-cramer-etf-closes><strong>ETF stream</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Maybe betting against Jim Cramer is not such a good idea. About 11 months ago, Tuttle Capital Management launched the Inverse Cramer Tracker ETF (SJIM), an attempt to capitalise on Cramer’s reputation...</p>\n\n<a href=\"https://www.etfstream.com/articles/inverse-jim-cramer-etf-closes\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://www.etfstream.com/articles/inverse-jim-cramer-etf-closes","article_id":"2407259370","we_media_id":null,"thumbnails":["https://static.tigerbbs.com///images.ctfassets.net/lr0atmu04u9z/vJziTlYW9XdGpIqc3b6Dy/b4913159c3f7c9a56c7f52744ced9bf8/jim-cramer.jpg?op=imageView2&mode=2&width=256&height=256&quality=70&format=png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2407259370","pubTimestamp":1706680800,"columns":[],"sourceInfo":{"source_id":"etfstream_highlight","name":"ETF stream"},"weMediaInfo":null,"summary":"In other words, even if it is the case that Jim Cramer is a bad stock picker, the sheer number of calls he makes and the speed at which he shifts gears makes it difficult to devise a repeatable blueprint for betting against him.The numbers bear that out. Since launching last March, SJIM is down 15%, sharply underperforming the 25% gain for the S&P 500 and the 19% gain for theFirst Trust Long/Short Equity ETF in that same period.Tuttle said that he will continue to publish his Cramer Tracker daily newsletter for people who want to monitor Jim Cramer’s recommendations and perhaps try their hand at betting against him on their own.This article was originally published on ETF.com","collect":0,"end_time":0,"defaultTopTitle":"etfstream.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4550":"红杉资本持仓","LJIM":"LONG CRAMER TRACKER ETF","FTLS":"First Trust Long/Short Equity ETF","FDN":"First Trust Dow Jones Internet I","SJIM":"The Inverse Cramer Tracker ETF"},"translate_title":"逆吉姆克莱姆ETF收盘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDN":1,"FTLS":1,"LJIM":1,"SJIM":1},"content_text":"Maybe betting against Jim Cramer is not such a good idea. About 11 months ago, Tuttle Capital Management launched the Inverse Cramer Tracker ETF (SJIM), an attempt to capitalise on Cramer’s reputation as a lousy stock picker.SJIM started along with the Long Cramer Tracker (LJIM), which took the opposite strategy as SJIM – betting on the stocks that Cramer recommended.However, a lack of interest in the strategy caused LJIM to shutter just six months after its debut. Now five months later, SJIM is meeting the same fate as its counterpart. Tuttle Capital Management announced last Thursday that SJIM will be liquidated in February. Explaining why the ETF was shutting down, Matthew Tuttle, portfolio manager at Tuttle Capital Management, said that he did not have the time to keep running the portfolio. “We started [the ETF] to point out the danger of following TV stockpickers, Jim Cramer specifically, and the total lack of accountability,” Tuttle said.“We feel like we have accomplished that mission, but retail investors are more focused on volatile products and the interest in a long/short portfolio never fully materialised.” SJIM only $2m AUMSJIM only had $2m assets under management (AUM), as at 26 January, a paltry sum for an ETF with a strategy that is cumbersome to employ.Tuttle decides which trades to make based on commentary Jim Cramer makes on CNBC and Twitter.That required members of Tuttle’s team to constantly monitor the media for new updates from Cramer. Not only is the process time-consuming, but it is also subjective. Cramer makes a multitude of calls, so deciding which ones to bet against – and when to close those inverse bets – takes discretion. \n \nIn other words, even if it is the case that Jim Cramer is a bad stock picker, the sheer number of calls he makes and the speed at which he shifts gears makes it difficult to devise a repeatable blueprint for betting against him. The numbers bear that out. Since launching last March, SJIM is down 15%, sharply underperforming the 25% gain for the S&P 500 and the 19% gain for the First Trust Long/Short Equity ETF (FTLS) in that same period.Tuttle said that he will continue to publish his Cramer Tracker daily newsletter for people who want to monitor Jim Cramer’s recommendations and perhaps try their hand at betting against him on their own.This article was originally published on ETF.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2407259370"}