Will Jim Cramer's new ETF provide inverse performance?

New ETF plans to provide the inverse performance of investments recommended by CNBC’s Cramer. An easier way to bet against finance personality Jim Cramer is in the works.

What is the long Cramer tracker ETF?

The Long Cramer Tracker ETF LJIM seeks to replicate the performance of investments recommended by Cramer. Meta Platforms META and AMD AMD are among the top holdings currently. The Inverse Cramer Tracker ETF SJIM holds short positions in his stock picks like NVIDIA NVDA and Tesla TSLA. It also invests in securities he recommends against.

Who is Jim Cramer?

Well-known in the investment world, television personality Jim Cramer has his share of fans and critics. The former hedge fund manager and CNBC host is now the subject of two ETFs, much to his disliking. What Happened: First reported in October, two new ETFs centered on Jim Cramer stock picks were filed by Tuttle Capital Management.

What is Matt Tuttle's inverse Cramer tracker ETF?

Matt Tuttle, the CEO of Tuttle Capital Management, also launched the Inverse Cramer Tracker ETF, which buys stocks that the CNBC host has bet against and shorts stocks that he has recommended. That fund — which has $3.4 million in investments and trades under the symbol SJIM — will continue operating despite being down 4.4% since its launch.