Convergence Long/Short Equity ETF (BATS:CLSE) Short Interest Update

Convergence Long/Short Equity ETF (BATS:CLSE) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 76,861 shares, a decline of 55.6% from the June 30th total of 173,104 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 261,145 shares, the short-interest ratio is currently 0.3 days.

Convergence Long/Short Equity ETF Stock Performance

Shares of CLSE opened at $33.70 on Tuesday. Convergence Long/Short Equity ETF has a fifty-two week low of $23.54 and a fifty-two week high of $34.76. The company has a market capitalization of $270.27 million, a PE ratio of 18.57 and a beta of 0.61. The stock has a fifty day moving average of $33.82 and a two-hundred day moving average of $30.78.

Hedge Funds Weigh In On Convergence Long/Short Equity ETF

Several institutional investors have recently added to or reduced their stakes in CLSE. Advisors Preferred LLC lifted its position in Convergence Long/Short Equity ETF by 663.8% during the first quarter. Advisors Preferred LLC now owns 1,581 shares of the company’s stock worth $44,000 after buying an additional 1,374 shares during the period. Bank of New York Mellon Corp boosted its stake in Convergence Long/Short Equity ETF by 32.2% in the 1st quarter. Bank of New York Mellon Corp now owns 11,520 shares of the company’s stock worth $324,000 after buying an additional 2,804 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in Convergence Long/Short Equity ETF in the 1st quarter valued at about $822,000. Worth Asset Management LLC purchased a new stake in Convergence Long/Short Equity ETF in the 2nd quarter valued at about $1,260,000. Finally, Elyxium Wealth LLC increased its stake in shares of Convergence Long/Short Equity ETF by 5.3% during the 4th quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock valued at $3,005,000 after acquiring an additional 5,512 shares during the last quarter.

Convergence Long/Short Equity ETF Company 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.