Why an Anti-Cramer ETF Shut Down Within a Year
An exchange-traded fund launched in March 2023 aimed to bet against stock picks made by TV commentator Jim Cramer. It lost 15% and drew only $2.4 million in assets, and it shut down in less than a year.
Context
Context: Jim Cramer is a US TV finance host whose stock picks often move prices, so some investors have tried to trade against them. Exchange-traded funds are baskets of shares that trade like single stocks on an exchange.
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