Convergence Long/Short Equity ETF (CLSE)

BATS: CLSE · Real-Time Price · USD
21.72
-0.04 (-0.18%)
Apr 30, 2025, 1:51 PM EDT - Market open
Assets $162.15M
Expense Ratio 1.55%
PE Ratio 18.00
Shares Out 7.50M
Dividend (ttm) $0.21
Dividend Yield 0.98%
Ex-Dividend Date Dec 16, 2024
Payout Ratio 17.60%
1-Year Return +6.68%
Volume 12,244
Open 21.58
Previous Close 21.76
Day's Range 21.50 - 21.72
52-Week Low 19.59
52-Week High 24.23
Beta 0.60
Holdings 331
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

55.44% of assets
Name Symbol Weight
DEPOSITS WITH BROKER FOR SHORT POSITIONS n/a 34.63%
NVIDIA Corporation NVDA 3.02%
Broadcom Inc. AVGO 2.89%
Meta Platforms, Inc. META 2.55%
QUALCOMM Incorporated QCOM 2.35%
Amazon.com, Inc. AMZN 2.10%
Netflix, Inc. NFLX 2.09%
Walmart Inc. WMT 2.06%
AppLovin Corporation APP 1.90%
VeriSign, Inc. VRSN 1.84%
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...

2 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...

5 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...

8 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...

8 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...

11 months 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
1 year ago - Seeking Alpha