The Long Cramer Tracker ETF (CBOE: LJIM) will be closed and liquidated. The decision was made by the Board of Trustees of the Northern Lights Fund Trust IV, which authorized an orderly liquidation of the fund. According to the announcement, board members determined that “closing and liquidating the fund was in the best interests of the fund and its shareholders.” The announcement noted that the last day for trading of LJIM shares will be Sept. 11, 2023; that will also be the last day the fund will accept creation units from authorized participants. “We started LJIM in order to facilitate a conversation with Jim Cramer around his stock picks as the other side to the Short Cramer ETF (SJIM),” said Long Cramer Tracker ETF fund adviser Matthew Tuttle in the press release. “Unfortunately, Mr. Cramer and CNBC have been unwilling to engage in dialogue and instead have chosen to ignore the funds; therefore, there is no reason to keep the long side going. Going forward we will just focus on the short side.”
To view the full press release, visit https://ibn.fm/PCDNk
About the Long Cramer Tracker ETF
The Long Cramer Tracker ETF seeks to provide investments results that generally track, before fees and expenses, the results of the investments recommended by television personality Jim Cramer. For more information, please visit www.CramerETFs.com/ljim.
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