ETFs & Mutual Funds
Long Jim Cramer ETF Shutters After Luring in Just $1.3 Million
- LJIM will close after attracting just $1.3 million in assets
- SJIM, which bets against Jim Cramer’s picks, will keep trading
Photographer: Brad Barket/Getty Images
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An exchange-traded fund that aimed to track CNBC anchor Jim Cramer’s stock picks is planning to shutter just five months after launching.
The Long Cramer Tracker ETF (ticker LJIM) will stop trading Sept. 11, according to a press release Monday. The fund, which buys stocks recommended by the host of CNBC’s Mad Money show, has only managed to attract $1.3 million in assets amid gains of just 2.2% since its debut in March.