Convergence Long/Short Equity ETFCLSE
CLSE
0
Funds holding %
of 7,312 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
5% less funds holding
Funds holding: 44 [Q4 2024] → 42 (-2) [Q1 2025]
14.21% less ownership
Funds ownership: 60.81% [Q4 2024] → 46.6% (-14.21%) [Q1 2025]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q4 2024] → 2 (-1) [Q1 2025]
45% less capital invested
Capital invested by funds: $142M [Q4 2024] → $78.8M (-$63.4M) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for CLSE.
Financial journalist opinion
Positive
Seeking Alpha
2 weeks ago
CLSE: A Long-Short Equity ETF With Convincing Performance, A Buy
CLSE has a long/short equity strategy designed to profit from both winners positioned to gain and laggards forecast to decline. Since its conversion to an ETF in 2022, it has delivered solid gains, outperforming IVV and IWV, chiefly thanks to its ability to keep losses at bay in 2022. I believe CLSE's nimble strategy should work for the current environment, as the U.S. airstrikes on Iran's nuclear facilities can contribute to volatility in the high-priced market.
Positive
Seeking Alpha
4 months ago
CLSE: Long/Short Fund Ideal For Today's Macro Set-Up (Rating Upgrade)
CLSE's long-short strategy minimizes volatility and provides consistent alpha, outperforming SPY and IWV with a high Sharpe ratio and significant alpha. The fund's long exposure is 116%, short exposure is -52%, focusing on low P/E, fundamentally sound equities while shorting high P/E, speculative names. CLSE has demonstrated resilience during market downturns, with shallow drawdowns and strong performance in bull markets, making it superior to SPY and IWV.
Negative
Seeking Alpha
7 months ago
CLSE: Long-Short ETF Ahead Of The Competition
Convergence Long/Short Equity ETF (CLSE) is an actively managed multi-factor ETF with 116% long and 51% short exposure in U.S. stocks. CLSE is well-diversified in holdings, quite concentrated in the technology sector, and has value characteristics. CLSE has outperformed the S&P 500 since its listing in February 2022, showing more resilience and lower volatility.
Positive
Seeking Alpha
10 months 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.
Positive
Seeking Alpha
10 months 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.
Positive
Seeking Alpha
1 year 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.
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