The Long Cramer Tracker ETF will cease trading on Sept. 11, according to a news release.
An exchange-traded fund that mimics CNBC “Mad Money” anchor Jim Cramer’s stock picks is shutting down after failing to attract investors.
Since debuting in March, the fund, which was launched by Connecticut-based Tuttle Capital Management, has drawn just $1.3 million in investments while managing a modest gain of just 2.2%.Matt Tuttle, the CEO of Tuttle Capital Management,, which buys stocks that the CNBC host has bet against and shorts stocks that he has recommended.
An exchange-traded fund that mimics CNBC “Mad Money” anchor Jim Cramer’s stock picks is shutting down after failing to attract investors.In the press release, Tuttle said the goal of launching both ETFs was to “facilitate a conversation” with Cramer and his host network. “He regards Mad Money as his classroom and believes educating those who want to pick individual stocks through insight and experience is the best way to help them take control of their finances,” the spokesperson added.from critics who say his stock picks are off base.
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