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

Convergence Long/Short Equity ETF (BATS:CLSE) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 76,861 shares, a drop of 55.6% from the June 30th total of 173,104 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 261,145 shares, the days-to-cover ratio is presently 0.3 days.

Convergence Long/Short Equity ETF Price Performance

Convergence Long/Short Equity ETF stock opened at $33.70 on Tuesday. The stock’s 50 day moving average price is $33.82 and its 200 day moving average price is $30.78. Convergence Long/Short Equity ETF has a 1-year low of $23.54 and a 1-year high of $34.76. The company has a market cap of $270.27 million, a PE ratio of 18.57 and a beta of 0.61.

Institutional Investors Weigh In On Convergence Long/Short Equity ETF

Institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its stake in shares of Convergence Long/Short Equity ETF by 338.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 351,785 shares of the company’s stock worth $9,614,000 after purchasing an additional 271,528 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Convergence Long/Short Equity ETF in the second quarter valued at about $1,260,000. Flagship Harbor Advisors LLC boosted its holdings in Convergence Long/Short Equity ETF by 4.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 705,459 shares of the company’s stock worth $19,280,000 after buying an additional 30,205 shares in the last quarter. Cornerstone Planning Group LLC purchased a new stake in Convergence Long/Short Equity ETF during the first quarter worth about $822,000. Finally, Elyxium Wealth LLC boosted its holdings in Convergence Long/Short Equity ETF by 5.3% during the fourth quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock worth $3,005,000 after buying an additional 5,512 shares in the last quarter.

About Convergence Long/Short Equity ETF

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.