EXCLUSIVE: Inverse Cramer ETF Shuts Down — How The Magnificent 7 Stocks Factor In And 'A Broken Clock Is Right Twice A Day'
Portfolio Pulse from Chris Katje
The Northern Lights Fund Trust IV Inverse Cramer ETF (SJIM) is shutting down, with the last trading day on February 13 and liquidation proceeds distribution on February 23. Tuttle Capital CEO Matthew Tuttle cited the lack of investor interest and poor timing with the performance of the 'Magnificent 7' stocks recommended by Jim Cramer as reasons for the closure. Despite the shutdown, Tuttle Capital continues to manage over $200 million in assets with the T-REX product line and has launched new ETFs, including the Tuttle Capital 2X Inverse Regional Banks ETF (SKRE) and leveraged and inverse ETFs for Tesla (TSLT, TSLZ) and NVIDIA (NVDX, NVDQ). Tuttle is also considering leveraged Bitcoin ETFs and has another project announcement planned for April.
January 25, 2024 | 11:08 pm
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POSITIVE IMPACT
Tuttle Capital launched the Tuttle Capital 2X Inverse Regional Banks ETF (SKRE), offering a leveraged inverse investment option against regional banks, following the collapse of SVB Financial Group.
The launch of SKRE provides investors with a new tool to bet against regional banks, which could see increased interest following the SVB collapse and Cramer's recommendation.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
The T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) provides a leveraged inverse investment option for NVIDIA's daily performance.
NVDQ offers investors a specialized tool for inverse leveraged bets on NVIDIA. Its impact will be determined by NVIDIA's performance and the market's reception to inverse leveraged ETFs.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Tuttle Capital's T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) allows investors to gain leveraged exposure to NVIDIA's daily performance.
NVDX caters to investors looking for leveraged exposure to NVIDIA. Its performance will be closely tied to NVIDIA's market activity and investor demand for leveraged products.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Tuttle Capital launched the T-Rex 2X Long Tesla Daily Target ETF (TSLT), providing leveraged exposure to Tesla's performance.
The launch of TSLT may attract investors seeking leveraged exposure to Tesla, but its impact will depend on Tesla's market performance and investor appetite for leverage.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The T-Rex 2X Inverse Daily Target ETF (TSLZ) offers investors a way to gain leveraged inverse exposure to Tesla's daily performance.
TSLZ provides a niche investment opportunity for those betting against Tesla's daily moves. Its success will hinge on market conditions and Tesla's volatility.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The Inverse Cramer ETF (SJIM) is closing due to insufficient investor interest and suboptimal timing with Cramer's stock picks. Shareholders will receive liquidation proceeds on February 23.
The closure of SJIM is a direct result of the fund's performance and strategic decisions by Tuttle Capital, indicating a negative impact on the ETF's price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100