Investors will soon have the chance to go against the grain against the popular Jim Cramer, whose predictions on CNBC’s “Mad Money” have long earned him both adoration and derision.

Matthew Tuttle of Tuttle Capital Management, based in Connecticut, has filed a prospectus with the Securities and Exchange Commission to sell a security called “Inverse Cramer ETF”.

An ETF is an exchange-traded fund, or group of stocks developed around a theme similar to a mutual fund, but trades throughout the day like a stock rather than just once a day . ETFs have grown to an astonishing $5.75 trillion in assets since the first was launched in 2002, according to investment manager Blackrock.

“The Inverse Cramer ETF seeks to provide investment results that are approximately the opposite, before fees and expenses, of the investment results recommended by television personality Jim Cramer,” the prospectus states.

Outlining its main investment strategies, an SEC requirement, it says at least 80% of the fund will be invested in “the inverse of the securities Cramer mentioned”.

It says the fund will watch the hedge fund managers‘ stock picks on TV and Twitter throughout the day and will short those recommendations, which means placing bets on whether those stocks fall, or will buy derivatives such as futures, options or swaps that produce a negative correlation with the choices of the founder of “The Street.com”.

“The Fund is long on stocks or ETFs that represent sectors Cramer is negative on. The Fund uses index ETFs and inverse index ETFs to counter Cramer’s stated market view,” the prospectus states. “Under normal circumstances, at least 80% of the fund’s investments are invested in the inverse of the securities mentioned by Cramer,” the document states.

Tuttle’s ETF will trade under the ticker symbol SJIM, for “short Jim”.

Cramer, the founder of TheStreet.com, told his audience that “Bear Stearns is doing great. Don’t take your money out!” on March 11, 2008, just days before the longtime investment bank collapsed and was bought by JPMorgan Chase for $2 a share.

When advising investors not to buy into Tesla’s IPO, Elon Musk joked, “We’re not Bear Stearns, but I think we’ll get through this.”

In October 2020, Cramer recommended a basket of stocks he dubbed the “Magnificent Seven”, Forbes noted, which included pandemic lockdown darlings Netflix, Zoom and Peloton, all of which have since dropped. He also got the wrong crypto calls.

In November, a Twitter account with the handle @CramerTracker launched, describing himself as “following Jim Cramer’s stock recommendations so you can do the opposite.” He now has more than 111,700 subscribers.

While this is a fun concept on Twitter, it’s worth noting that the prospectus comes with a disclaimer: “The Advisor does not in all cases perform fundamental investment analysis of securities bought, sold and held by the Fund as a primary factor in engaging in such transactions in such securities or related securities is the fact that they are mentioned by Cramer.

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