ETF That Shorts Stock Picks From CNBC’s Jim Cramer Is Shutting Down – Bloomberg

Jim Cramer has spent about four decades on Wall Street in a career that has taken him from hedge-fund manager to host of CNBC’s Mad Money show. The ETFs he inspired have proved a lot less durable.

The Inverse Cramer Tracker ETF (ticker SJIM), a fund that aimed to short stocks recommended by the bombastic TV personality, is poised to join its bullish sibling on the ETF scrapheap, it was announced Thursday. SJIM will stop trading Feb. 13, according to a press release. The product has managed to attract just $2.4 million in assets since its launch in March 2023.

Source: ETF That Shorts Stock Picks From CNBC’s Jim Cramer (SJIM) Is Shutting Down – Bloomberg