Convergence Long/Short Equity ETF

CLSE

Market cap $213M

Overview Fund Activity

25.81 USD

-0.02

0.08%

At close Updated Sep 17, 4:00 PM EDT

1 day

-0.08%

5 days

-0.12%

1 month

5.87%

3 months

11.88%

6 months

19.27%

Year to date

12.07%

1 year

19.33%

5 years

68.91%

10 years

68.91%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

24% more capital invested

Capital invested by funds: $78.8M [Q1] → $97.5M (+$18.7M) [Q2]

5.44% more ownership

Funds ownership: 46.6% [Q1] → 52.04% (+5.44%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 11

8% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 13

2% less funds holding

Funds holding: 42 [Q1] → 41 (-1) [Q2]

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Financial journalist opinion

CLSE: Scintillating Risk-Adjusted Returns Via A Long/Short Strategy

CLSE ETF offers a best-in-class long/short strategy, delivering strong risk-adjusted returns and consistent beta reduction, ideal for the current market environment. The fund's approach provides true diversification, focusing on idiosyncratic and sector-specific risk rather than broad market exposure, which is crucial in volatile markets. CLSE's impressive 3-year Sharpe Ratio of 1.21 and ten-year annualized double-digit returns support our bullish outlook.

CLSE: Scintillating Risk-Adjusted Returns Via A Long/Short Strategy

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.

CLSE: A Long-Short Equity ETF With Convincing Performance, A Buy

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.

CLSE: Long/Short Fund Ideal For Today's Macro Set-Up (Rating Upgrade)

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.

CLSE: Long-Short ETF Ahead Of The Competition

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.

CLSE: Robust Long Short Equity ETF

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.

CLSE: Impressive For A Long/Short Fund

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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