Convergence Long/Short Equity ETF (CLSE)
| Assets | $185.64M |
| Expense Ratio | 1.44% |
| PE Ratio | n/a |
| Shares Out | 8.05M |
| Dividend (ttm) | $0.21 |
| Dividend Yield | 0.90% |
| Ex-Dividend Date | Dec 16, 2024 |
| Payout Frequency | Annual |
| Payout Ratio | n/a |
| Volume | 43,942 |
| Open | 23.55 |
| Previous Close | 23.57 |
| Day's Range | 23.54 - 23.66 |
| 52-Week Low | 19.59 |
| 52-Week High | 24.23 |
| Beta | 0.60 |
| Holdings | 338 |
| 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
59.91% of assets| Name | Symbol | Weight |
|---|---|---|
| DEPOSITS WITH BROKER FOR SHORT POSITIONS | n/a | 36.17% |
| NVIDIA Corporation | NVDA | 4.36% |
| Meta Platforms, Inc. | META | 3.46% |
| Alphabet Inc. | GOOGL | 3.06% |
| Amazon.com, Inc. | AMZN | 2.70% |
| Broadcom Inc. | AVGO | 2.58% |
| KLA Corporation | KLAC | 2.00% |
| Netflix, Inc. | NFLX | 1.96% |
| Analog Devices, Inc. | ADI | 1.87% |
| Microsoft Corporation | MSFT | 1.75% |
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 |
Performance
CLSE had a total return of 10.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.31%.
News
CLSE: A Long-Short Equity ETF With Convincing Performance, A Buy
CLSE has a long/short equity strategy designed to profit from both winners positioned to gain and laggards forecast to decline. Since its conversion to an ETF in 2022, it has delivered solid gains, ou...
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...