Convergence Long/Short Equity ETF (BATS:CLSE) Short Interest Down 40.5% in June

Convergence Long/Short Equity ETF (BATS:CLSE) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 173,104 shares, a drop of 40.5% from the June 15th total of 290,704 shares. Based on an average daily trading volume, of 262,726 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.2% of the shares of the company are short sold.

Institutional Trading of Convergence Long/Short Equity ETF

A number of hedge funds have recently bought and sold shares of CLSE. Advisors Preferred LLC boosted its position in Convergence Long/Short Equity ETF by 663.8% in the first quarter. Advisors Preferred LLC now owns 1,581 shares of the company’s stock worth $44,000 after purchasing an additional 1,374 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Convergence Long/Short Equity ETF by 32.2% during 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 during the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of Convergence Long/Short Equity ETF during the 1st quarter valued at $822,000. Worth Asset Management LLC bought a new stake in shares of Convergence Long/Short Equity ETF during the 2nd quarter worth $1,260,000. Finally, Elyxium Wealth LLC raised its stake in shares of Convergence Long/Short Equity ETF by 5.3% during the 4th quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock worth $3,005,000 after purchasing an additional 5,512 shares during the period.

Convergence Long/Short Equity ETF Stock Down 0.2%

Shares of BATS CLSE opened at $34.08 on Thursday. Convergence Long/Short Equity ETF has a twelve month low of $23.19 and a twelve month high of $34.76. The stock’s 50 day moving average price is $33.67 and its 200-day moving average price is $30.42. The company has a market capitalization of $273.32 million, a PE ratio of 18.57 and a beta of 0.61.

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.