Convergence Long/Short Equity ETF (CLSE)

BATS: CLSE · Real-Time Price · USD
22.64
+0.11 (0.49%)
May 23, 2025, 4:00 PM - Market closed
0.49%
Assets $179.22M
Expense Ratio 1.44%
PE Ratio 18.57
Shares Out 7.92M
Dividend (ttm) $0.21
Dividend Yield 0.94%
Ex-Dividend Date Dec 16, 2024
Payout Ratio 17.39%
1-Year Return +8.22%
Volume 21,631
Open 22.26
Previous Close 22.53
Day's Range 22.26 - 22.67
52-Week Low 19.59
52-Week High 24.23
Beta 0.60
Holdings 328
Inception Date Dec 29, 2009

About CLSE

Fund Home Page

The 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.

Asset Class Alternatives
Category Long-Short Equity
Region North America
Stock Exchange BATS
Ticker Symbol CLSE
ETF Provider Convergence

Top 10 Holdings

57.97% of assets
Name Symbol Weight
DEPOSITS WITH BROKER FOR SHORT POSITIONS n/a 35.12%
NVIDIA Corporation NVDA 3.57%
Meta Platforms, Inc. META 3.05%
Broadcom Inc. AVGO 3.01%
Netflix, Inc. NFLX 2.45%
KLA Corporation KLAC 2.32%
AppLovin Corporation APP 2.31%
Amazon.com, Inc. AMZN 2.29%
Walmart Inc. WMT 2.02%
Arista Networks Inc ANET 1.86%
View More Holdings

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
Full Dividend History

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...

3 months ago - Seeking Alpha

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...

6 months ago - Seeking Alpha

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...

9 months ago - Seeking Alpha

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...

9 months ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

Other symbols: RPARTFLOUTWO
2 years ago - Seeking Alpha