Loading ...Too funny. Betting on Cramer,
The Inverse Cramer Tracker ETF (SJIM)
A unique and funny inverse ETF worth watching is SJIM, which seeks to do the opposite of what television personality and “Mad Money” host Jim Cramer recommends. If Cramer recommends buying a stock, SJIM will short it. If Cramer recommends selling a stock, SJIM will buy it.
“We know that the consensus is usually wrong when it comes to the market, and Cramer is the consensus on steroids,” says Matthew Tuttle, CEO and chief investment officer at Tuttle Capital Management. “Cramer can be epically wrong at exactly the wrong time, and we want investors to be able to profit from that.” SJIM charges a 1.2% expense ratio and currently has 23 holdings.