Katherine Greifeld of Bloomberg News writes about two new ETFS that allow investors to bet either on or against the stock picks of Jim Cramer, the host of CNBC’s “Mad Money” show.
Greifeld writes, “The Inverse Cramer Tracker ETF seeks to deliver returns that correspond to ‘the inverse of securities mentioned by Cramer’ by either short-selling his equity picks or buying companies he recommends against, according to its prospectus.
“Meanwhile, the Long Cramer Tracker ETF will back shares the CNBC anchor likes and ditch the ones he doesn’t.
“The funds are the latest brainchild of the manager behind the anti-ARK product, the $551 million AXS Short Innovation Daily ETF, which achieved rapid notoriety by creating an easy way to wager against Cathie Wood’s flagship strategy. Now Matthew Tuttle, CEO of Tuttle Capital Management, has turned his attention to Cramer, fulfilling a long-running finance joke that the CNBC anchor should get his own inverse fund.”
Read more here.
The Colorado Springs Business Journal is looking for an enterprising and nimble reporter to cover…
The Financial Times has hired Nassos Stylianou as a visual storytelling reporter. He has been a data…
Bloomberg News is seeking a dynamic team leader in New York to help spearhead its…
Variety laid off three staffers from the newsroom, including deputy editor Meredith Woerner. Jacob Bryant of…
New York Times video director Solana Pyne sent out the following on Thursday: Jamie Leventhal…
Cole Garry of SBS Communications interviewed CNBC technology reporter Ryan Browne about his job. Here is an…