An exchange-traded fund that mimics CNBC “Mad Money” anchor Jim Cramer’s stock picks is shutting down after failing to attract investors, reports Ariel Zilber of The New York Post.
Zilber reports, “In the press release, Tuttle said the goal of launching both ETFs was to ‘facilitate a conversation’ with Cramer and his host network.
“‘Unfortunately, Mr. Cramer and CNBC have been unwilling to engage in dialogue and instead have chosen to ignore the funds, therefore there is no reason to keep the long side going,’ according to Tuttle.
“‘Going forward we will just focus on the short side.’
“The Post has sought comment from CNBC.”
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