CLSE stock icon

Convergence Long/Short Equity ETF
CLSE

$22.11
0.77%

Market Cap: $165M

0
Funds holding %
of 6,728 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

350% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 2

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

137% more capital invested

Capital invested by funds: $36.2M [Q1] → $85.9M (+$49.7M) [Q2]

50% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]

43% more funds holding

Funds holding: 14 [Q1] → 20 (+6) [Q2]

6.49% more ownership

Funds ownership: 50.4% [Q1] → 56.89% (+6.49%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for CLSE.

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Financial journalist opinion

Positive
Seeking Alpha
2 weeks ago
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 outperforming the market, especially in down markets, demonstrating its ability to mitigate risks. Convergence Long/Short Equity ETF's net long position provides a consistent upward bias, unlike dollar-neutral funds.
CLSE: Robust Long Short Equity ETF
Positive
Seeking Alpha
4 weeks ago
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 quantitative and fundamental methods to find undervalued long positions and weakening short positions, using a "quantamental" approach. CLSE has outperformed the S&P 500 since inception, offering a diverse way to create value and balance out losses through its active alpha sources.
CLSE: Impressive For A Long/Short Fund
Positive
Seeking Alpha
3 months ago
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 an ETF, but its institutional fund record shows lagging historical performance compared to its benchmark. CLSE does a good job of delivering risk-adjusted returns, but may not be an appropriate fund for all investors.
CLSE: A Solid Start For This Actively Managed Long-Short Equity ETF
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