You may guess towards Jim Cramer with a brand new ETF from the fund that shorts Cathie Wooden

What began out as a meme has lastly change into actuality: somebody has invented the Inverse Cramer.

Few inside jokes on monetary Twitter, or fintwit, get pleasure from extra reputation than the idea that one ought to at all times hear intently to what CNBC’s colourful Mad Cash host Jim Cramer predicts…after which guess invariably on the precise reverse final result.

One fan of the concept seems to be Matthew Tuttle, of Connecticut-based Tuttle Capital Administration, who now plans to promote a safety beneath the ticker image SJIM, for “brief Jim.”

His agency has filed a prospectus with the Securities and Change Fee for an actively managed exchange-traded fund (ETF) that seeks to offer a efficiency roughly the other of the funding return of belongings really helpful by the tv character, because it refers back to the former hedge fund supervisor.

https://twitter.com/TuttleCapital/standing/1577759764192305154?s=20u0026t=jA-GxrxNADL3UeQkkurh-Q

“The fund’s adviser displays Cramer’s inventory choice and total market suggestions all through the buying and selling day as publicly introduced on Twitter or his tv packages broadcast on CNBC, and sells these suggestions brief,“ it mentioned within the submitting, including it will go lengthy on his bearish suggestions.

“Below regular circumstances, at the very least 80% of the fund’s investments is invested within the inverse of securities talked about by Cramer,” it continued.

He additionally shorts Cathie Wooden

If Tuttle’s title sounds acquainted, that’s as a result of this isn’t the primary time he has carried out this.

His agency reached notoriety with its ETF that shorts Cathie Wooden’s ARK Innovation fund, a product that trades beneath the ticker image SARK.

Tuttle has a knack for providing ETFs with a selected funding theme. He launched his SPCX fund that tracks clean examine acquisition companies, so-called SPACs, in December 2020 on the top of their reputation.

Genevieve Roch-Decter, CEO of Grit Capital and a critic of Cramer, posted on Wednesday her approval of the SJIM fund: “Lastly, a solution to outperform the market.”

Story continues

https://twitter.com/CramerTracker/standing/1517537287063711746?s=20u0026t=AwOEeICzWF2o_JtFwa6d0Q

Musk referred to as him a ‘contraindicator’

Cramer first earned his repute for selecting duffs when he informed individuals to not pull their cash out of Bear Stearns simply days earlier than its collapse in March 2008.

When he really helpful traders not subscribe to the Tesla IPO at a stock-split adjusted worth of $1.13, Elon Musk quipped on the time, “We’re no Bear Stearns, however I believe we’re going to do okay.”

His EV firm generated “life-changing wealth,” as monetary web site The Motley Idiot referred to as it, rising to a present $240 per share.

“Frankly, he’s a contraindicator,” Musk mentioned of Cramer in 2010.

Extra just lately Cramer earned notoriety in October 2020 together with his “Magnificent Seven” advice, a basket of names he felt traders coveted a lot that their earnings didn’t matter and any dip served solely as one other purchase alternative.

Distinguished names included all the key darlings of the pandemic bubble equivalent to Netflix, Zoom and Peloton. All have since collapsed in worth, with solely Tesla managing to publish sizable features.

He is additionally referred to as it mistaken on crypto, recommending token trade platform Coinbase as a purchase up to $475 a share the day of it itemizing in April 2021.

Not solely did it by no means hit that degree, it has since slumped to $73 a share. He predicted Ethereum’s ETH coin may rise one other 35% late after it fell beneath $3,000 in late April of this 12 months, prompting crypto web site U.At present to run an article with the headline “Group is now nervous.”

Social media took it a step additional final November when a Twitter account launched with the deal with @CramerTracker promoting that it tracks his inventory suggestions “so you are able to do the other.” It has since gained over 100,000 followers.

Cramer shouldn’t take the entire debate round his efficiency too exhausting, although, since Tuttle Capital additionally utilized for an ETF that seeks to breed his efficiency.

This story was initially featured on Fortune.com