ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Artificial Intelligence
      • Beyond Basic Beta
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Investing
      • ETF Education
      • ETF Strategist
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Institutional Income Strategies
      • Leveraged & Inverse
      • Managed Futures
      • Market Insights
      • Modern Alpha
      • Multifactor
      • Responsible Investing
      • Retirement Income
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Commodities
        • Gold/Silver/Critical Minerals
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Tuttle Offers ETFs To Bet With Or Against Jim Cramer
News
Share

Tuttle Offers ETFs To Bet With Or Against Jim Cramer

Dan MikaOct 06, 2022
2022-10-06

A subset of financial Twitter loves to hate Jim Cramer, a longtime pundit on CNBC. Now, Tuttle Capital Management wants to let them bet against him.

The longtime provider of leveraged and alternative strategies filed for the Inverse Cramer ETF ((SJIM )) and Long Cramer ETF ((LJIM )) late Wednesday. Both funds are actively managed, with the fund managers watching for stock recommendations from Cramer’s Twitter account and television appearances.

They then will take an opposite bet against those stocks in the case of SJIM, either through short positions, options or swaps. It also goes long on stocks or ETFs representing sectors Cramer is bearish on.

The short fund will aim to not hold their positions for no longer than a week, according to its prospectus, which will likely generate significant turnover. SJIM doesn’t reset daily like other inverse ETFs, which get the opposite return of the security it tracks through swaps.

LJIM takes the inverse approach, adding individual stocks and sector ETFs on Cramer’s recommendation, selling those shares on his sell recommendations, and adding shares of inverse sector ETFs when Cramer makes a negative call.

A representative for CNBC did not immediately respond to a request for comment.

Both funds are equally weighted. Neither has declared expense ratios in their registration documents.

The funds could be ready for launch as soon as mid-December based on the 75-day waiting period for automatic effectiveness as prescribed in SEC’s ETF Rule.

Cramer had made some poor calls in his career, from saying Bear Stearns was “fine” days before it collapsed in the run-up to the Great Financial Crisis to more recently putting a price target of $475 per share on Coinbase. The crypto exchange peaked at the $360 per share level last November but has since plummeted to around $75 per share in the past several weeks due to reports of an SEC probe and the broader drop in appetite for growth-oriented tech stocks.

Tuttle Capital is also no stranger to issuing leveraged and inverse ETFs targeting high-profile stock pickers. Before its acquisition by AXS, Tuttle launched what is now the AXS 2x Innovation ETF (TARK ) and AXS Short Innovation Daily ETF (SARK B). Those funds track either twice the performance or the inverse of the ARK Innovation ETF (ARKK B+), the flagship fund for Cathie Wood’s disruptive technology investment thesis.

VettaFi Head of Research Todd Rosenbluth said these products would attract some immediate attention due to his pulpit among investors. However, he said the long ETF makes sense as a way to allow fans of Cramer’s to follow his investment calls without the hassle of buying individual securities.

“For the people who actually are believers in it, this is essentially a mutual fund tied to Jim Cramer, but with the benefits of an ETF, the liquidity, and the tax efficiency that comes with it,” he said.

However, he warned that these funds should not be used as core building blocks of a portfolio.

For more news, information, and strategy, visit VettaFi.com.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Nov 30

A Pending BlackRock ETF to Watch

Nov 30

ETF of the Week: SPDR® S&P® Homebuilders ETF (XHB)

Nov 30

This California Carbon ETF Stands Out for Recent Performance

Nov 30

Two Measures of Inflation: October 2023

Nov 30

2 Midstream Names Offer 2024 Financial Guidance

Nov 30

A Good Option

Nov 30

Goldman Sachs Lists 2 New Equity ETFs on the NYSE

Nov 30

REIT Dividend ETF RDOG Sends Key Buy Signal

Nov 30

Student Debt and Retirement: 6 Tips to Help Guide Clients Toward Financial Stability

Nov 30

Chart of the Week: Advisors Willing to Take on Rate Risk

QQQ

Invesco QQQ Trust Series I

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

XLK

Technology Select Sector SPDR...

SCHD

Schwab US Dividend Equity ETF...

SMH

VanEck Semiconductor ETF

IYW

iShares U.S. Technology ETF

VTI

Vanguard Total Stock Market...

TLT

iShares 20+ Year Treasury...


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X