Convergence Long/Short Equity ETF (CLSE)
| Assets | $161.75M |
| 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 | +6.74% |
| Volume | 26,642 |
| Open | 21.61 |
| Previous Close | 21.62 |
| Day's Range | 21.61 - 21.69 |
| 52-Week Low | 19.59 |
| 52-Week High | 24.23 |
| Beta | 0.60 |
| Holdings | 331 |
| 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
55.47% of assets| Name | Symbol | Weight |
|---|---|---|
| DEPOSITS WITH BROKER FOR SHORT POSITIONS | n/a | 34.62% |
| NVIDIA Corporation | NVDA | 3.10% |
| Broadcom Inc. | AVGO | 2.90% |
| Meta Platforms, Inc. | META | 2.55% |
| QUALCOMM Incorporated | QCOM | 2.37% |
| Amazon.com, Inc. | AMZN | 2.12% |
| Netflix, Inc. | NFLX | 2.08% |
| Walmart Inc. | WMT | 2.06% |
| AppLovin Corporation | APP | 1.85% |
| VeriSign, Inc. | VRSN | 1.82% |
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...