Convergence Long/Short Equity ETFCLSE
CLSE
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
433% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 3
220% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 5
42% more funds holding
Funds holding: 31 [Q3] → 44 (+13) [Q4]
33% more capital invested
Capital invested by funds: $107M [Q3] → $142M (+$35M) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]
3.22% less ownership
Funds ownership: 64.03% [Q3] → 60.81% (-3.22%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for CLSE.
Financial journalist opinion
Positive
Seeking Alpha
2 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
4 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
7 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
8 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
10 months 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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