Odds & Ends: Cramer in the Spotlight

CNBC’s Jim Cramer took the spotlight this week when a pair of exchange-traded funds that bet on the success or failure of the “Mad Money” host’s stock picks began trading March 2. 

Tuttle Capital Management’s SJIM (Inverse Cramer ETF) and the LJIM (Long Cramer ETF) base their holdings on the opinions shared on his hit show “Mad Money.” From a volume perspective, SJIM crushed LJIM: 30 times the number of SJIM shares were purchased than LJIM as of midafternoon March 3. Still, LJIM eked out a small gain for two days while SJIM gained the first day and fell the next. 

The past week also saw a variety of fund launches, closures and other news. 

Launches 

The following funds launched this week:  

• First Trust Bloomberg Emerging Market Democracies ETF (EMDM) 
• Long Cramer Tracker ETF (LJIM) 
• Inverse Cramer Tracker ETF (SJIM) 
• Invesco BulletShares 2032 Municipal Bond ETF (BSMW) 

• AllianzIM U.S. Large Cap Buffer10 Mar ETF (MART) 
• AllianzIM U.S. Large Cap Buffer20 Mar ETF (MARW) 

Closures  

The following funds will cease to trade after today, March 3: 

• Invesco DB Silver Fund (DBS) 
• Invesco DB G10 Currency Harvest Fund (DBV)  

• Invesco DB Gold Fund (DGL)  
• Defiance Digital Revolution ETF (NFTZ) 

Meanwhile, the iShares iBonds Mar 2023 Term Corporate ex-Financials ETF (IBCE) will cease to trade after March 31 as it hits its maturity date, and the PSYK ETF (PSYK) will do the same as of March 28.

State Street Global Advisors is set to close a trio of ESG bond ETFs. The following funds will see their last day of trading as of April 11:

• SPDR Bloomberg SASB Corporate Bond ESG Select ETF (RBND)
• SPDR Bloomberg SASB Developed Markets Ex US ESG Select ETF (RDMX)
• SPDR Bloomberg SASB Emerging Markets ESG Select ETF (REMG)

Invesco has also rescheduled the shutdowns of four of its PureBeta ETFs, which were originally supposed to close at the end of the first quarter. The following ETFs will see their last day of trading on June 23:

• Invesco PureBetaSM FTSE Developed ex-North America ETF (PBDM)
• Invesco PureBetaSM FTSE Emerging Markets ETF (PBEE)
• Invesco PureBetaSM US Aggregate Bond ETF (PBND)
• Invesco PureBetaSM MSCI USA Small Cap ETF (PBSM)

Other Changes 

 The International Drawdown Managed Equity ETF (IDME) will change its name to the Aptus International Enhanced Yield ETF and its ticker will change to IDUB.  

Contact Ron Day at [email protected] or follow him on Twitter at @RonDayETF