Streetbeat News

SJIM

Northern Lights Fund Trust IV

Open

19.76

Mkt cap

2.4M

Volume

468

High

19.78

P/E Ratio

6.37

52-wk high

24.71

Low

19.76

Div yield

0.07

52-wk low

19.35

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.

Portfolio Pulse from Chris Katje

January 25, 2024 | 11:08 pm

Matthew Tuttle, CEO of Tuttle Capital Management, has filed for six new leveraged and inverse Bitcoin ETFs. These ETFs are designed for short-term trading and are not recommended for non-active investors. Tuttle previously launched ETFs that bet against Cathie Wood's ARKK and Jim Cramer's stock recommendations. Additionally, Tuttle Capital launched leveraged and inverse ETFs for Tesla and NVIDIA in October 2023, with nearly $100 million in assets under management. Tuttle also introduced the SKRE ETF, which offers a leveraged inverse investment option against regional banks, following Cramer's recommendation of SVB Financial Group before its collapse.

Portfolio Pulse from Chris Katje

January 04, 2024 | 9:29 pm

Jim Cramer, a television host known for his controversial takes on the stock market, had warned against investing in cryptocurrencies in December 2022. However, those who ignored his advice and invested in Bitcoin, Ethereum, Solana, Litecoin, and Coinbase Global would have seen significant returns over the last 10 months. An ETF that tracks Cramer's recommendations inversely, the Inverse Cramer Tracker ETF, was also launched earlier this year.

Portfolio Pulse from Chris Katje

October 27, 2023 | 4:55 pm

The Long Cramer Tracker ETF (BATS:LJIM), one of two ETFs launched by Tuttle Capital to align with Jim Cramer's stock recommendations, is set to shut down. The fund will be liquidated and assets distributed back to shareholders on Sept. 21, 2023. The other ETF, the Inverse Cramer Tracker ETF (BATS:SJIM), will remain open. The decision to close LJIM was made after Cramer and CNBC ignored the funds. The Inverse Cramer ETF trades at $23.93, while the Long Cramer Tracker ETF trades at $25.79.

Portfolio Pulse from Chris Katje

August 22, 2023 | 3:01 pm

Nvidia Corporation (NASDAQ:NVDA) reported strong Q1 financial results, beating analysts' estimates and raising price targets. CNBC host Jim Cramer, who named his dog after the company in 2017, has been bullish on Nvidia for years. A $1,000 investment in NVDA shares at that time would be worth $9,518.33 today, representing a return of 851.8%.

Portfolio Pulse from Chris Katje

May 25, 2023 | 4:32 pm

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