Convergence Long/Short Equity ETF (CLSE)
| Assets | $260.37M |
| Expense Ratio | 1.55% |
| PE Ratio | 19.18 |
| Shares Out | 11.68M |
| Dividend (ttm) | $0.21 |
| Dividend Yield | 0.95% |
| Ex-Dividend Date | Dec 16, 2024 |
| Payout Ratio | 18.07% |
| 1-Year Return | +12.93% |
| Volume | 101,526 |
| Open | 22.67 |
| Previous Close | 22.69 |
| Day's Range | 22.28 - 22.77 |
| 52-Week Low | 19.54 |
| 52-Week High | 24.23 |
| Beta | 0.59 |
| Holdings | 342 |
| Inception Date | Dec 29, 2009 |
About CLSE
Fund Home PageThe Convergence Long/Short Equity ETF (CLSE) is an exchange-traded fund that mostly invests in long/short alternatives. The fund establishes both long and short positions in US stocks. The actively managed fund intends to maintain a 50%-100% net long exposure. CLSE was launched on Dec 29, 2009 and is issued by Convergence.
Top 10 Holdings
57.98% of assets| Name | Symbol | Weight |
|---|---|---|
| DEPOSITS WITH BROKER FOR SHORT POSITIONS | n/a | 36.22% |
| Meta Platforms, Inc. | META | 3.34% |
| Amazon.com, Inc. | AMZN | 3.20% |
| NVIDIA Corporation | NVDA | 2.82% |
| QUALCOMM Incorporated | QCOM | 2.49% |
| Broadcom Inc. | AVGO | 2.23% |
| Walmart Inc. | WMT | 2.16% |
| Fox Corporation | FOXA | 1.98% |
| Cisco Systems, Inc. | CSCO | 1.86% |
| Alphabet Inc. | GOOGL | 1.69% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2024 | $0.21204 | Dec 17, 2024 |
| Dec 15, 2023 | $0.20637 | Dec 21, 2023 |
| Dec 15, 2022 | $0.12498 | Dec 19, 2022 |
News
CLSE: Long/Short Fund Ideal For Today's Macro Set-Up (Rating Upgrade)
CLSE's long-short strategy minimizes volatility and provides consistent alpha, outperforming SPY and IWV with a high Sharpe ratio and significant alpha. The fund's long exposure is 116%, short exposur...
CLSE: Long-Short ETF Ahead Of The Competition
Convergence Long/Short Equity ETF (CLSE) is an actively managed multi-factor ETF with 116% long and 51% short exposure in U.S. stocks. CLSE is well-diversified in holdings, quite concentrated in the t...
CLSE: Robust Long Short Equity ETF
CLSE is a long/short equity ETF that prioritizes fundamental strength and avoids high-risk short positions, making it a conservative investment option. The ETF has a proven track record of outperformi...
CLSE: Impressive For A Long/Short Fund
CLSE is a long/short equity ETF that aims to take advantage of market inefficiencies and produce better risk-adjusted returns through a dynamic quantitative model. The fund focuses on blending quantit...
CLSE: A Solid Start For This Actively Managed Long-Short Equity ETF
Convergence Long/Short Equity ETF invests across a group of stocks while also selling short another set of equities through an actively managed strategy. The CLSE ETF has outperformed the S&P 500 as a...
I Came Back From A Trip To Africa With These 3 Timely ETF Ideas
We took a “bucket list” trip to Africa to see the “Great Migration,” the annual wildlife journey. It prompted several market outlook ideas. I offer views on several ETFs for investors to consider rese...