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

Convergence Long/Short Equity ETF (BATS:CLSE) was the target of a large decrease in short interest in 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. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 223,071 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Convergence Long/Short Equity ETF

Several hedge funds have recently bought and sold shares of the company. Advisors Preferred LLC increased its stake in 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 in the last quarter. Bank of New York Mellon Corp increased 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 valued at $324,000 after purchasing an additional 2,804 shares in the last quarter. Elyxium Wealth LLC increased its stake in 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 in the last quarter. Cornerstone Planning Group LLC purchased a new position in Convergence Long/Short Equity ETF in the 1st quarter valued at approximately $822,000. Finally, Flagship Harbor Advisors LLC increased its stake in Convergence Long/Short Equity ETF by 4.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 705,459 shares of the company’s stock valued at $19,280,000 after purchasing an additional 30,205 shares in the last quarter.

Convergence Long/Short Equity ETF Trading Up 1.0%

Shares of CLSE stock opened at $34.21 on Friday. The company has a market cap of $274.36 million, a price-to-earnings ratio of 18.57 and a beta of 0.61. The stock has a 50 day simple moving average of $32.03 and a 200-day simple moving average of $29.31. Convergence Long/Short Equity ETF has a 12-month low of $22.74 and a 12-month high of $34.60.

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.