Elyxium Wealth LLC Acquires 45,342 Shares of Convergence Long/Short Equity ETF $CLSE

Elyxium Wealth LLC boosted its stake in shares of Convergence Long/Short Equity ETF (BATS:CLSE) by 76.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 104,435 shares of the company’s stock after buying an additional 45,342 shares during the period. Elyxium Wealth LLC owned approximately 1.30% of Convergence Long/Short Equity ETF worth $2,719,000 as of its most recent filing with the SEC.

Separately, Fifth Third Securities Inc. increased its position in shares of Convergence Long/Short Equity ETF by 21.8% during the third quarter. Fifth Third Securities Inc. now owns 84,645 shares of the company’s stock worth $2,204,000 after acquiring an additional 15,150 shares in the last quarter.

Convergence Long/Short Equity ETF Stock Up 2.7%

Shares of BATS:CLSE opened at $28.62 on Friday. The firm has a market cap of $229.49 million, a price-to-earnings ratio of 18.57 and a beta of 0.61. Convergence Long/Short Equity ETF has a 12 month low of $19.59 and a 12 month high of $24.23. The company’s fifty day simple moving average is $27.63 and its 200 day simple moving average is $26.27.

Convergence Long/Short Equity ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 15th were paid a $0.2602 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a dividend yield of 96.0%.

Convergence Long/Short Equity ETF Profile

The Convergence Long\u002FShort Equity ETF (CLSE) is an exchange-traded fund that mostly invests in long\u002Fshort 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 managed by Convergence.