Long and short Jim Cramer ETFs are now a thing

[ChpBstrd]

The Inverse Cramer Tracker ETF SJIM, +0.53% and the Long Cramer Tracker ETF LJIM, +1.09% began trading Thursday, according to an announcement from Tuttle Capital Management. The new funds are designed to help investors profit from “a decline or rise in the public recommendations of Jim Cramer” on CNBC or Twitter, Tuttle Capital said. Cramer is the host of CNBC’s Mad Money show. “Love him or hate him, Jim Cramer is a polarizing figure,” said Tuttle Capital’s chief executive officer and chief investment officer Matthew Tuttle, who serves as the adviser to the ETFs, in the announcement.

https://www.marketwatch.com/story/love-him-or-hate-him-new-etfs-let-investors-bet-on-or-against-jim-cramer-and-his-stock-picks-3b939713?mod=panda_marketwatch_author_alert&mod=article_inline

The expense ratio for either is a whopping 1.2%. Compare that to 0.03% for VTI.

This is the latest chapter in the development of an industry where investing is replaced with betting and entertainment, and the rubes keep lining up and throwing their money at these people.

[nereo]

I’m curious if Cramer gets any royalties from the etf using his namesake.

[ChickenStash]

I would have expected that announcement on April 1st.

[dcheesi]

I’m curious if Cramer gets any royalties from the etf using his namesake.

Maybe that's why the expense ratio is so high?

I have no plans to invest, but it should be interesting to follow these funds just to see how they perform (relative to each other, and to the market)

[Paper Chaser]

Not looking too shabby at the moment, as Cramer thought SVB was a great deal a month ago:

https://twitter.com/i/status/1634039856924860416