Tuttle Cash Management — which formerly introduced an trade-traded fund betting against Cathie Wood’s stock picks — strategies to debut the Inverse Cramer ETF with the ticker SJIM, reports Claire Ballentine of Bloomberg Information.
Ballentine reports, “The host of Mad Money on CNBC is an outspoken and polarizing determine in the finance planet, regarded for his ardent endorsements of a variety of shares, with combined benefits. In 2021, he praised Ark Expense Management’s Wood just ahead of her flagship fund plummeted, and he also famously tweeted to acquire AMC Enjoyment Holdings Inc. just prior to a 30% plunge.
“‘Jim’s mission has generally been to inspire extensive-expression investing and a balanced portfolio that contains index money and personal shares,’ a CNBC spokesperson wrote in an e-mail to Bloomberg Information. ‘He regards Mad Dollars as his classroom and thinks educating those who want to pick unique stocks by way of insight and working experience is the best way to assistance them acquire command of their finances.’
“The Inverse Cramer ETF would be actively managed, which means economical gurus driving the scenes would observe Cramer’s stock picks and total sector recommendations by way of Twitter or his television appearances, according to the submitting.”
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