Convergence Long/Short Equity ETF (BATS:CLSE – Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 100,824 shares, a decrease of 55.8% from the May 14th total of 227,934 shares. Based on an average trading volume of 223,071 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.3% of the company’s stock are sold short.
Institutional Trading of Convergence Long/Short Equity ETF
A number of large investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new stake in shares of Convergence Long/Short Equity ETF in the 1st quarter valued at about $822,000. Bank of New York Mellon Corp boosted its position in shares of 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 valued at $324,000 after purchasing an additional 2,804 shares during the period. Advisors Preferred LLC boosted its position in shares of Convergence Long/Short Equity ETF by 663.8% in the 1st quarter. Advisors Preferred LLC now owns 1,581 shares of the company’s stock valued at $44,000 after purchasing an additional 1,374 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Convergence Long/Short Equity ETF by 24.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 438,249 shares of the company’s stock valued at $12,332,000 after purchasing an additional 86,464 shares during the period. Finally, Elyxium Wealth LLC boosted its position in shares of Convergence Long/Short Equity ETF by 5.3% in the 4th quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock valued at $3,005,000 after purchasing an additional 5,512 shares during the period.
Convergence Long/Short Equity ETF Stock Performance
CLSE opened at $34.21 on Friday. Convergence Long/Short Equity ETF has a one year low of $22.74 and a one year high of $34.60. The company has a market cap of $274.36 million, a P/E ratio of 18.57 and a beta of 0.61. The business’s 50-day simple moving average is $32.03 and its 200-day simple moving average is $29.31.
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.
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