March 3, 2023

ETF Will Short Jim Cramer’s Top Picks

Story- Jai Pratap

The famous CNBC Mad Money host Jim Cramer is often mocked for getting his predictions wrong.

Matthew Tuttle, the CEO of Tuttle Capital Management launched the inverse Cramer ETF that shorts equities on which Cramer is bullish on.

The Inverse Cramer ETF is an actively managed portfolio that carries an equally-weighted 20-50 names.

Tuttle told Bloomberg they track the stocks by watching Cramer's on-air CNBC appearances and routinely sift through his social media.

However, investors could lose money if Jim Cramer is absent from CNBC or Twitter for a prolonged period of time.

Earlier, Jim Cramer had recommended buying Netflix shares and within the next four months it stumbled over 54%.

Jim Cramer has been highly bearish on cryptocurrencies, even calling crypto holders dumb.