Tuttle Capital Management is back at it again after submitting a preliminary filing with the SEC for two exchange-traded funds that bet against Jim Cramer’s public investment tips.
“Under normal circumstances, at least 80% of the Fund’s investments is invested in the inverse of securities mentioned by Cramer,” the filing reads.
Despite the apparent novelty and absurdity of the filing, Bloomberg’s senior ETF analyst Eric Balchunas was unsurprised by the move, highlighting on Twitter that he had tipped such a thing to occur back in February: “We actually wrote back in Feb about how an Inverse Cramer ETF would likely be filed at some point. Given some of the stuff that has been tried with ETFs this isn’t [a] big stretch. And ETFs tied to big personalities not unprecedented e.g. $SARK $TSLQ.”
We actually wrote back in Feb about how an Inverse Cramer ETF would likely be filed at some point. Given some of the stuff that has been tried w ETFs this isnt big stretch. And ETFs tied to big personalities not unprecedented eg
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