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<ul class="news-points"> 
 <li>The Inverse Cramer Tracker ETF (SJIM) is reportedly shutting down, with the trading closing by February 13.</li> 
 <li>SJIM’s sibling ETF, Long Cramer Tracker ETF, was shuttered in September 2023.</li> 
 <li>The inverse fund lost almost 15% on a total return basis since its launch in March 2023.</li> 
</ul> 
The Inverse Cramer Tracker ETF (SJIM), an ETF introduced by Tuttle Capital Management to track the recommendations of the Television personality Jim Cramer, is<a href="https://www.bloomberg.com/news/articles/2024-01-26/sjim-etf-shorting-stock-picks-from-cnbc-s-jim-cramer-is-shuttering?utm_source=website&amp;utm_medium=share&amp;utm_campaign=twitter" target="_blank" rel="nofollow"> reportedly</a> shutting down. The ETF, which created headlines in October 2022, is joining the path of its sibling ETF, Long Cramer Tracker ETF (LJIM), which was shuttered earlier. 
In October 2022, Matthew Tuttle, the Chief Executive Officer of Tuttle Capital Management,<a href="https://www.sec.gov/Archives/edgar/data/1644419/000158064222005066/tuttleetfs485a.htm" target="_blank" rel="nofollow"> filed</a> two ETF applications to bet against <a href="https://coinedition.com/jim-cramer-expresses-concerns-over-bitcoins-future-amidst-the-etf-debut/">Jim Cramer</a>’s stock recommendations. While LJIM was introduced for long-side betting on Cramer’s stock picks, SJIM was meant for short-side betting against the same. The prospectus <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1644419/000158064223001529/cramer-etf_497.htm" target="_blank" rel="nofollow">read</a>, 
<blockquote class="wp-block-quote is-style-default"> 
 The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by engaging in transactions designed to perform the opposite of the retur…
</blockquote>
The post <a href="https://coinedition.com/breaking-inverse-cramer-tracker-etf-is-shutting-down-with-a-loss-of-15/">Breaking: Inverse Cramer Tracker ETF Is Shutting Down with a Loss of 15%</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Breaking: Inverse Cramer Tracker ETF Is Shutting Down with a Loss of 15%

Coin Edition

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