The Inverse Cramer Tracker ETF (CBOE: SJIM) and the Long Cramer Tracker ETF (CBOE: LJIM) have started trading on the Chicago Board Options Exchange (CBOE), the world’s largest options exchange. According to the announcement, these “distinctive exposures allow investors to profit a decline or a rise in the public recommendations of Jim Cramer.” Through SJIM and LJIM, investors of all sizes and types will have access to take sides on Cramer’s recommendations. An actively managed exchange traded fund, SJIM attempts to achieve the inverse of Jim Cramer’s recommendations by going short regarding anything he recommends buying and going long regarding anything he doesn’t like. Also an actively managed exchange traded fund, LJIM does just the opposite, going long anything that Cramer recommends buying. Tuttle Capital Management LLC serves as adviser to the ETFs. “Love him or hate him, Jim Cramer is a polarizing figure,” says Tuttle Capital Management CEO and chief investment officer Matthew Tuttle in the press release. “We want to give investors on both sides of the debate a way to express their views, and create products that can provide diversification to traditional portfolios.”
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About the Inverse Cramer Tracker ETF and the Long Cramer Tracker ETF
The Inverse Cramer Tracker ETF seeks to provide investment results that are approximately the opposite of, before fees and expenses, the results of the investments recommended by television personality Jim Cramer. The Long Cramer Tracker ETF seeks to provide investment results that generally track, before fees and expenses, the results of the investments recommended by television personality Jim Cramer. For more information about these funds, please visit www.CramerETFS.com.
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