#ETF de #JimCramer closes after raising only 1.3 million dollars

An exchange-traded fund intended to follow #CNBC host Jim Cramer's stock picks plans to close just five months after its launch.

The Long Cramer Tracker ETF (ticker LJIM) will cease trading on September 11, according to a press release issued Monday. The fund, which buys stocks recommended by the host of CNBC's Mad Money, has only managed to raise $1.3 million in assets, with gains of just 2.2% since its debut in March.