Jim Cramer—the host of Mad Money on CNBC—makes a lot of investing calls. It’s part of his shtick. And as you can easily divine from social media, not all of them pan out. The new Inverse Cramer Tracker ETF (SJIM), which might be one of the most entertaining exchange-traded funds ever imagined, is aiming to turn Cramer’s “Midas touch” into big returns by shorting stocks he’s bullish on. It also goes long on Cramer’s bearish bets. For good measure, there’s also a Long Cramer Tracker ETF (LJIM).
On this episode of Trillions, Eric, Joel and reporter Katie Greifeld speak with the man behind the ETF, Matt Tuttle of Tuttle Capital Management. We learn how the products work, what’s in the portfolios how much cable television Tuttle has to watch.See omnystudio.com/listener for privacy information.